Relate AccountsProduction v2.7.2 v2.7.2 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activities of the company include residential property rental and property consultancy services. 23 October 2023 NI602767 2023-03-31 NI602767 2022-03-31 NI602767 2021-03-31 NI602767 2022-04-01 2023-03-31 NI602767 2021-04-01 2022-03-31 NI602767 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI602767 uk-curr:PoundSterling 2022-04-01 2023-03-31 NI602767 uk-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI602767 uk-bus:FullAccounts 2022-04-01 2023-03-31 NI602767 uk-bus:Director1 2022-04-01 2023-03-31 NI602767 uk-bus:RegisteredOffice 2022-04-01 2023-03-31 NI602767 uk-bus:Agent1 2022-04-01 2023-03-31 NI602767 uk-core:ShareCapital 2023-03-31 NI602767 uk-core:ShareCapital 2022-03-31 NI602767 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI602767 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI602767 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI602767 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI602767 uk-bus:FRS102 2022-04-01 2023-03-31 NI602767 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 NI602767 uk-core:CostValuation 2023-03-31 NI602767 uk-core:WithinOneYear 2023-03-31 NI602767 uk-core:WithinOneYear 2022-03-31 NI602767 uk-core:WithinOneYear 2023-03-31 NI602767 uk-core:WithinOneYear 2022-03-31 NI602767 uk-core:AfterOneYear 2023-03-31 NI602767 uk-core:AfterOneYear 2022-03-31 NI602767 uk-core:BetweenOneTwoYears 2023-03-31 NI602767 uk-core:BetweenOneTwoYears 2022-03-31 NI602767 uk-core:BetweenTwoFiveYears 2023-03-31 NI602767 uk-core:BetweenTwoFiveYears 2022-03-31 NI602767 2022-04-01 2023-03-31 NI602767 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI602767
 
 
Stepping Stone Properties Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2023
Stepping Stone Properties Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Mr. Roderick Joyce
 
 
Company Registration Number NI602767
 
 
Registered Office and Business Address 17 Roslyn Avenue
Portadown
Co. Armagh
BT63 5BG
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Bank of Ireland
  12 Trevor Hill
  Newry
  BT34 1DN
  Northern Ireland
 
   
Solicitors RM Cullen & Sons
  16-22 Edward Street
  Portadown
  Co Armagh
  BT63 3NA



Stepping Stone Properties Ltd
Company Registration Number: NI602767
BALANCE SHEET
as at 31 March 2023

2023 2022
Notes £ £
 
Fixed Assets
Investments 5 219,559 219,559
───────── ─────────
 
Current Assets
Debtors 6 64,799 85,482
Cash and cash equivalents 15,811 38,023
───────── ─────────
80,610 123,505
───────── ─────────
Creditors: amounts falling due within one year 7 (51,188) (102,538)
───────── ─────────
Net Current Assets 29,422 20,967
───────── ─────────
Total Assets less Current Liabilities 248,981 240,526
 
Creditors:
amounts falling due after more than one year 8 (12,075) (13,561)
───────── ─────────
Net Assets 236,906 226,965
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 236,806 226,865
───────── ─────────
Equity attributable to owners of the company 236,906 226,965
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 23 October 2023
           
________________________________          
Mr. Roderick Joyce          
Director          
           



Stepping Stone Properties Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
Stepping Stone Properties Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI602767. The registered office of the company is 17 Roslyn Avenue, Portadown, Co. Armagh, BT63 5BG, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents rental income receivable from the occupation of investment properties by residential tenants. Rental income is recognised on a straight-line basis over the term of the relevant contract.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the financial year in which it is receivable.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Director 1 1
  ───────── ─────────
  1 1
  ═════════ ═════════
     
4. Tangible assets
  Fixtures,
  fittings and
  equipment
  £
Cost
At 1 April 2022 2,523
  ─────────
 
At 31 March 2023 2,523
  ─────────
Depreciation
At 1 April 2022 2,523
  ─────────
 
At 31 March 2023 2,523
  ─────────
Net book value
At 31 March 2023 -
  ═════════
     
5. Investments
  Other
  investments
   
Investments £
Cost
 
At 31 March 2023 219,559
  ─────────
Net book value
At 31 March 2023 219,559
  ═════════
At 31 March 2022 219,559
  ═════════
       
6. Debtors 2023 2022
  £ £
 
Amounts owed by related parties 64,799 85,482
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 2,151 2,151
Taxation  (Note 9) 2,289 8,684
Other creditors 43,271 87,841
Accruals 3,477 3,862
  ───────── ─────────
  51,188 102,538
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 12,075 13,561
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 2,151 2,151
Repayable between one and two years 2,151 2,151
Repayable between two and five years 9,924 11,410
  ───────── ─────────
  14,226 15,712
  ═════════ ═════════
 
       
9. Taxation 2023 2022
  £ £
 
Creditors:
Corporation tax 2,289 8,684
  ═════════ ═════════