ACCOUNTS - Final Accounts preparation

STRATASPHERE LIMITED - Company Information

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Stratasphere Limited

Registered number: SC529627

Filleted financial statements

For the year ended 31 March 2019

SC529627

31 March 2019

STRATASPHERE LIMITED

Registered number: SC529627

BALANCE SHEET

AS AT 31 MARCH 2019

		2019		2018
Note		£		£

Fixed assets
Investments	4	3	3
Current assets
Debtors		97	97

Net assets		100	100

Capital and reserves
Called up share capital	5	100	100

For the year ended 31 March 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S W Christie

Director

Date: 19 December 2019

The notes on pages 2 to 3 form part of these financial statements.

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SC529627

31 March 2019

STRATASPHERE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	General information

Stratasphere Limited is a private company limited by shares and incorporated in Scotland, SC529627. The registered office is 54 Woodlinn Avenue, Glasgow, G44 5TX.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
The following principal accounting policies have been applied.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost.

Employees

The average monthly number of employees, including directors, during the year was 1 (2018 - 1).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 April 2018 and 31 March 2019	3

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SC529627

31 March 2019

STRATASPHERE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

5.	Share capital
		2019	2018
		£	£

Authorised, allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

6.	Controlling party

In the opinion of the director, S W Christie, is the ultimate controlling party by virtue of his shareholding.

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