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REGISTERED NUMBER: 05656846 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

STEWART HOUSE LIMITED

STEWART HOUSE LIMITED (REGISTERED NUMBER: 05656846)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEWART HOUSE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Dr N J Kearsley
Dr J L Kearsley
P Wright





SECRETARY: Dr J L Kearsley





REGISTERED OFFICE: Stewart House
Centurion Business Park
Julian Way
Sheffield
South Yorkshire
S9 1GD





REGISTERED NUMBER: 05656846 (England and Wales)

STEWART HOUSE LIMITED (REGISTERED NUMBER: 05656846)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 7,561 11,122
7,561 11,122

CURRENT ASSETS
Debtors 7 2,887,403 2,552,011
Cash at bank 1,039,751 642,210
3,927,154 3,194,221
CREDITORS
Amounts falling due within one year 8 2,670,316 1,964,330
NET CURRENT ASSETS 1,256,838 1,229,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,264,399

1,241,013

PROVISIONS FOR LIABILITIES 1,437 2,113
NET ASSETS 1,262,962 1,238,900

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,262,961 1,238,899
SHAREHOLDERS' FUNDS 1,262,962 1,238,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

STEWART HOUSE LIMITED (REGISTERED NUMBER: 05656846)

BALANCE SHEET - continued
31 March 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





P Wright - Director


STEWART HOUSE LIMITED (REGISTERED NUMBER: 05656846)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Stewart House 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Turnover
Turnover represents invoiced sales of services during the year, excluding value added tax,
and net of trade discounts.

Revenue is recognised when the company has been judged to have achieved the right to consideration resulting from a level of completed performance under individual contracts but only to the extent that the outcome of such contracts can be assessed with reasonable certainty.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost


STEWART HOUSE LIMITED (REGISTERED NUMBER: 05656846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trust
The company has created a trust whose beneficiaries will include employees of the company and their dependants. Assets held under the trust will be controlled by trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the company to be in respect of services already provided by employees to the company, the company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the company's profit and loss account for the year to which it relates.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

STEWART HOUSE LIMITED (REGISTERED NUMBER: 05656846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
AMORTISATION
At 1 April 2022
and 31 March 2023 150,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 57,603
Additions 2,186
At 31 March 2023 59,789
DEPRECIATION
At 1 April 2022 46,481
Charge for year 5,747
At 31 March 2023 52,228
NET BOOK VALUE
At 31 March 2023 7,561
At 31 March 2022 11,122

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 836,481 474,616
Amounts owed by group undertakings 2,017,196 2,045,630
Other debtors 33,726 31,765
2,887,403 2,552,011

STEWART HOUSE LIMITED (REGISTERED NUMBER: 05656846)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 125,698 120,664
Amounts owed to group undertakings 2,319,440 1,695,268
Taxation and social security 158,828 103,786
Other creditors 66,350 44,612
2,670,316 1,964,330

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 27,600 27,600
Between one and five years 105,800 110,400
In more than five years - 23,000
133,400 161,000

10. CALLED UP SHARE CAPITAL

The share capital of £1, (2022, £1) has been allotted, called up and fully paid