Accounts filed on 30-11-2019
Accounts filed on 30-11-2019
Registered number: 05283257 | ||||||||
FOR THE YEAR ENDED 30/11/2019 | ||||||||
Prepared By: | ||||||||
Taylor & Taylor Accountants Limited | ||||||||
Chartered Accountants | ||||||||
175 Cole Valley Road | ||||||||
Birmingham | ||||||||
West Midlands | ||||||||
B28 0DG |
Staite Enterprises Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/11/2019 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05283257 | ||||||||
ACCOUNTANTS | ||||||||
Taylor & Taylor Accountants Limited | ||||||||
Chartered Accountants | ||||||||
175 Cole Valley Road | ||||||||
Birmingham | ||||||||
West Midlands | ||||||||
B28 0DG |
Staite Enterprises Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/11/2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Staite Enterprises Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
465,560 | 460,224 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 424,647 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 74,873 | 98,079 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Share premium account | 10 | |||||||||
Profit and loss account | 961,841 | 937,153 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Staite Enterprises Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/11/2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
2. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/12/2018 | 1,420,545 | 37,489 | 1,458,034 | |||
At 30/11/2019 | 1,420,545 | 37,489 | 1,458,034 | |||
Depreciation | ||||||
At 01/12/2018 | - | 17,295 | 17,295 | |||
For the year | - | 5,048 | 5,048 | |||
At 30/11/2019 | - | 22,343 | 22,343 | |||
Net Book Amounts | ||||||
At 30/11/2019 | 1,420,545 | 15,146 | 1,435,691 | |||
At 30/11/2018 | 1,420,545 | 20,194 | 1,440,739 | |||
Staite Enterprises Limited | ||||||||
3. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/12/2018 | 1,420,545 | 1,420,545 | ||||||
At 30/11/2019 | 1,420,545 | 1,420,545 | ||||||
The 2018 valuations were confirmed by the director using her knowledge of market prices to estimate the value of these properties | ||||||||
4. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Other debtors | ||||||||
Other debtors includes a loan to Bhusal Films, an unconnected party, there is no fixed repayment date or interest terms. | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Taxation and social security | 6,640 | 6,980 | ||||||
Other creditors | 1,956 | 2,533 | ||||||
34,790 | 35,577 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 74,873 | 98,079 | ||||||
74,873 | 98,079 | |||||||
Staite Enterprises Limited | ||||||||
7. EMPLOYEES | ||||||
2019 | 2018 | |||||
No. | No. | |||||
Average number of employees | 2 | 2 | ||||
8. PROVISIONS FOR LIABILITIES | 2019 | 2018 | ||||||
£ | £ | |||||||
Deferred taxation | 71,286 | 71,693 | ||||||
71,286 | 71,693 | |||||||
9. SHARE CAPITAL | 2019 | 2018 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
3500 | 3500 | |||||||
3,500 | 3,500 | |||||||
10. SHARE PREMIUM ACCOUNT | 2019 | 2018 | ||||
£ | £ | |||||
Share premium account | 754,961 | 754,961 |