Company Registration No. 08011038 (England and Wales)
Stein Assets Limited
Unaudited accounts
for the year ended 31 March 2019
Stein Assets Limited
Unaudited accounts
Contents
Stein Assets Limited
Company Information
for the year ended 31 March 2019
Company Number
08011038 (England and Wales)
Registered Office
25A Rathbone Street
London
W1T 1NQ
UK
Accountants
AKKS
ZLR Studios
174 Mill Lane
West Hampstead
London
NW6 1TB
Stein Assets Limited
Statement of financial position
as at 31 March 2019
Tangible assets
680,076
653,964
Cash at bank and in hand
2,115
22,139
Creditors: amounts falling due within one year
(413,523)
(387,358)
Net current liabilities
(411,408)
(365,219)
Total assets less current liabilities
268,668
288,745
Provisions for liabilities
Deferred tax
(29,841)
(29,841)
Net assets
238,827
258,904
Called up share capital
1
1
Revaluation reserve
205,929
205,929
Profit and loss account
32,897
52,974
Shareholders' funds
238,827
258,904
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 December 2019.
Oliver WEGENER
Director
Company Registration No. 08011038
Stein Assets Limited
Notes to the Accounts
for the year ended 31 March 2019
Stein Assets Limited is a private company, limited by shares, registered in England and Wales, registration number 08011038. The registered office is 25A Rathbone Street, London, W1T 1NQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line over 7 years
Stein Assets Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
650,000
6,658
656,658
At 31 March 2019
676,941
6,658
683,599
At 1 April 2018
-
2,694
2,694
Charge for the year
-
829
829
At 31 March 2019
-
3,523
3,523
At 31 March 2019
676,941
3,135
680,076
At 31 March 2018
650,000
3,964
653,964
Carrying amount of land and buildings on cost basis
441,171
414,230
5
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
720
2,085
Loans from directors
409,766
385,051
6
Average number of employees
During the year the average number of employees was 0 (2018: 0).
