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REGISTERED NUMBER: 10193083 (England and Wales)















STEEL DEVELOPMENT AND CONSULTING
LIMITED

PREVIOUSLY KNOWN AS
STEEL PROPERTY TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






STEEL DEVELOPMENT AND CONSULTING
LIMITED (REGISTERED NUMBER: 10193083)
PREVIOUSLY KNOWN AS STEEL PROPERTY TRADING LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STEEL DEVELOPMENT AND CONSULTING
LIMITED
PREVIOUSLY KNOWN AS STEEL PROPERTY TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: N J D Steel
Mrs A K Steel





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 10193083 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

STEEL DEVELOPMENT AND CONSULTING
LIMITED (REGISTERED NUMBER: 10193083)
PREVIOUSLY KNOWN AS STEEL PROPERTY TRADING LIMITED

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 718,293 725,837

CURRENT ASSETS
Cash at bank 13,076 2,162

CREDITORS
Amounts falling due within one year 5 479,891 450,270
NET CURRENT LIABILITIES (466,815 ) (448,108 )
TOTAL ASSETS LESS CURRENT LIABILITIES 251,478 277,729

CREDITORS
Amounts falling due after more than one year 6 314,701 346,151
NET LIABILITIES (63,223 ) (68,422 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 (63,423 ) (68,622 )
SHAREHOLDERS' FUNDS (63,223 ) (68,422 )

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





N J D Steel - Director


STEEL DEVELOPMENT AND CONSULTING
LIMITED (REGISTERED NUMBER: 10193083)
PREVIOUSLY KNOWN AS STEEL PROPERTY TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Steel Development And Consulting 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 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. The financial statements have been prepared under the historical cost convention.

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.
Land and buildings - 1% on cost and Over the life of the leasehold property

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.

Going concern
The Financial Statements have been prepared on a going concern basis, as the directors have confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

STEEL DEVELOPMENT AND CONSULTING
LIMITED (REGISTERED NUMBER: 10193083)
PREVIOUSLY KNOWN AS STEEL PROPERTY TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2022
and 31 May 2023 754,414
DEPRECIATION
At 1 June 2022 28,577
Charge for year 7,544
At 31 May 2023 36,121
NET BOOK VALUE
At 31 May 2023 718,293
At 31 May 2022 725,837

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 479,891 450,270

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 314,701 346,151

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more than 5 years 314,701 346,151

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 314,701 346,151

Other loans are secured by way of a fixed charge over the company's leasehold property, 103 Deveraux House, Duke of Wellington Avenue, London, SE18 6NP.

STEEL DEVELOPMENT AND CONSULTING
LIMITED (REGISTERED NUMBER: 10193083)
PREVIOUSLY KNOWN AS STEEL PROPERTY TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
200 200

All shares rank pari passu.

9. RESERVES
Retained
earnings
£   

At 1 June 2022 (68,622 )
Profit for the year 5,199
At 31 May 2023 (63,423 )

10. RELATED PARTY DISCLOSURES

At the year end, included within creditors, amounts falling due within one year, is an amount of £373,356 (2022: £344,425) owed to Mr N J D Steel and an amount of of £104,735 (2022: £104,285) owed to Mrs A K Steel.

These amounts are unsecured, interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The Ultimate controlling parties are N J D Steel and Mrs A K Steel.