Stratis Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09864363 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2017

for

STRATIS HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr M Stratis

Mrs N Stratis

Secretary:

Mrs N Stratis

Registered office:

305 Regents Park Road

Finchley

London

N3 1DP

Registered number:

09864363 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

305 Regents Park Road

Finchley

London

N3 1DP

Fixed assets

Tangible assets

3

69,904

47,635

Investment property

4

401,043

401,043

470,947

448,678

Current assets

Cash at bank and in hand

160,473

9,627

Creditors

Amounts falling due within one year

5

458,012

471,066

Net current liabilities

(297,539

)

(461,439

)

Total assets less current liabilities

173,408

(12,761

)

Creditors

Amounts falling due after more than one year

6

(182,104

)

-

Provisions for liabilities

(1,404

)

(1,264

)

Net liabilities

(10,100

)

(14,025

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(10,200

)

(14,125

)

Shareholders' funds

(10,100

)

(14,025

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 August 2018 and were signed on its behalf by:

Mr M Stratis - Director

1.	Statutory information

Stratis Homes 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.

The financial statements have been prepared on a going concern basis, the applicability of which is dependent

upon the continued support of the company's creditors and financiers. In the opinion of the director, the

company has the support of its creditors and financiers for the foreseeable future and it is therefore appropriate

to adopt the going concern policy.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

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.	Tangible fixed assets

Fixtures

Improvements

and

to property

fittings

Totals

£

£

£

Cost

At 1 December 2016

41,315

8,427

49,742

Additions

21,201

3,530

24,731

At 30 November 2017

62,516

11,957

74,473

Depreciation

At 1 December 2016

-

2,107

2,107

Charge for year

-

2,462

2,462

At 30 November 2017

-

4,569

4,569

Net book value

At 30 November 2017

62,516

7,388

69,904

At 30 November 2016

41,315

6,320

47,635

4.	Investment property

Total

£

Fair value

At 1 December 2016

and 30 November 2017

401,043

Net book value

At 30 November 2017

401,043

At 30 November 2016

401,043

The investment property was valued on an open market basis on the 30 November 2017 by the directors.

5.

Creditors: amounts falling due within one year

2017

2016

£

£

Bank loans and overdrafts

9,597

-

Taxation and social security

1,252

-

Other creditors

447,163

471,066

458,012

471,066

6.

Creditors: amounts falling due after more than one year

2017

2016

£

£

Bank loans

182,104

-

7.	Secured debts

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

32

-

Bank loans

191,669

-

191,701

-

Bank loans and overdrafts are secured by a fixed and floating charge over the undertakings and all property of

the company.