STY328 Limited - Limited company accounts 17.3

REGISTERED NUMBER: 06933414 (England and Wales)

STY328 LIMITED

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

Page

Company Information

1

Report of the Director

2

Chartered Certified Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

7

DIRECTOR:

Mr A C Stylianou

REGISTERED OFFICE:

10 Grange Park Avenue

Winchmore Hill

London

N21 2LJ

REGISTERED NUMBER:

06933414 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

The director presents his report with the financial statements of the company for the year ended 31 March 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of holding investments in other companies.

REVIEW OF BUSINESS

The results for the year and financial position of the company are as shown in the annexed financial statements.

During the year the company acquired shares in one company and after the Balance Sheet

date acquired shares in another company. The results for the first period are satisfactory.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2017 will be £ 110,000 .

DIRECTOR

Mr A C Stylianou held office during the whole of the period from 1 April 2016 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with

applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director

has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve

the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and

of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the

company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial

statements may differ from legislation in other jurisdictions.

ON BEHALF OF THE BOARD:

Mr A C Stylianou - Director

12 December 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of STY328 Limited for the year ended 31 March 2017 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of STY328 Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of STY328 Limited and state those matters that we have agreed to state to the director of STY328 Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that STY328 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of STY328 Limited. You consider that STY328 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of STY328 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

Date: .............................................

TURNOVER

-

Administrative expenses

110

102

OPERATING LOSS

(110

)

(102

)

Income from fixed asset investments

112,000

121,000

PROFIT BEFORE TAXATION

111,890

120,898

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

111,890

120,898

FIXED ASSETS

Investments

3

645,295

CURRENT ASSETS

Debtors

4

134,426

104,039

Cash in hand

10

134,436

104,049

CREDITORS

Amounts falling due within one year

5

147,918

78,711

NET CURRENT (LIABILITIES)/ASSETS

(13,482

)

25,338

TOTAL ASSETS LESS CURRENT
LIABILITIES

631,813

670,633

CREDITORS

Amounts falling due after more than one
year

6

-

40,710

NET ASSETS

631,813

629,923

CAPITAL AND RESERVES

Called up share capital

7

1,000

Retained earnings

8

630,813

628,923

SHAREHOLDERS' FUNDS

631,813

629,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 December 2017 and were signed by:

Mr A C Stylianou - Director

1.	STATUTORY INFORMATION

STY328 Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2016

and 31 March 2017

645,295

NET BOOK VALUE

At 31 March 2017

645,295

At 31 March 2016

645,295

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Related company

134,426

104,039

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Uncalled share capital-UFX Ltd

31,680

Related company

65,128

-

Directors' current accounts

51,110

47,031

147,918

78,711

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2017

2016

£

Shareholders loan

-

40,710

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

200

Ordinary 'A' Voting

£1

200

800

Ordinary 'B' Non Voting

£1

800

1,000

8.

RESERVES

Retained

earnings

£

At 1 April 2016

628,923

Profit for the year

111,890

Dividends

(110,000

)

At 31 March 2017

630,813

9.	ULTIMATE CONTROLLING PARTY

Sty Group Limited which owns 100% of the ordinary share capital.