Caseware UK (AP4) 2023.0.135 2023.0.135 12473701247370true3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-10-01No description of principal activity3truefalse 04456000 2022-10-01 2023-09-30 04456000 2021-10-01 2022-09-30 04456000 2023-09-30 04456000 2022-09-30 04456000 c:Director1 2022-10-01 2023-09-30 04456000 d:FreeholdInvestmentProperty 2023-09-30 04456000 d:FreeholdInvestmentProperty 2022-09-30 04456000 d:LeaseholdInvestmentProperty 2023-09-30 04456000 d:LeaseholdInvestmentProperty 2022-09-30 04456000 d:CurrentFinancialInstruments 2023-09-30 04456000 d:CurrentFinancialInstruments 2022-09-30 04456000 d:Non-currentFinancialInstruments 2023-09-30 04456000 d:Non-currentFinancialInstruments 2022-09-30 04456000 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04456000 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 04456000 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04456000 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 04456000 d:ShareCapital 2023-09-30 04456000 d:ShareCapital 2022-09-30 04456000 d:RevaluationReserve 2023-09-30 04456000 d:RevaluationReserve 2022-09-30 04456000 d:RetainedEarningsAccumulatedLosses 2023-09-30 04456000 d:RetainedEarningsAccumulatedLosses 2022-09-30 04456000 c:OrdinaryShareClass1 2022-10-01 2023-09-30 04456000 c:OrdinaryShareClass1 2023-09-30 04456000 c:OrdinaryShareClass1 2022-09-30 04456000 c:FRS102 2022-10-01 2023-09-30 04456000 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 04456000 c:FullAccounts 2022-10-01 2023-09-30 04456000 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04456000 5 2022-10-01 2023-09-30 04456000 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04456000










Steindeal Services Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 September 2023





 
Steindeal Services Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Steindeal Services Limited for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steindeal Services Limited for the year ended 30 September 2023 which comprise  the 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Steindeal Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Steindeal Services Limited and state those matters that we have agreed to state to the Board of directors of Steindeal Services Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steindeal Services Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Steindeal Services 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 Steindeal Services Limited. You consider that Steindeal Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Steindeal Services 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
15 April 2024
Page 1

 
Steindeal Services Limited
Registered number: 04456000

Balance sheet
As at 30 September 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
623,685
623,685

  
623,685
623,685

Current assets
  

Debtors: amounts falling due within one year
 5 
698
7,985

Cash at bank and in hand
  
101,981
88,383

  
102,679
96,368

Creditors: amounts falling due within one year
 6 
(112,538)
(28,688)

Net current (liabilities)/assets
  
 
 
(9,859)
 
 
67,680

Total assets less current liabilities
  
613,826
691,365

Creditors: amounts falling due after more than one year
 7 
-
(92,115)

  

Net assets
  
613,826
599,250


Capital and reserves
  

Called up share capital 
 8 
345,000
345,000

Revaluation reserve
  
88,518
88,518

Profit and loss account
  
180,308
165,732

  
613,826
599,250


Page 2

 
Steindeal Services Limited
Registered number: 04456000

Balance sheet (continued)
As at 30 September 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2024.




G M Beveridge
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Steindeal Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2023

1.


General information

Steindeal Services Limited is a private company limited by shares and is incorporated in England and Wales with the registration number 04456000.  The address of the registered office is Montague Place, Quayside, Chatham, Kent, ME4 4QU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Steindeal Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2023

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 
Steindeal Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 6

 
Steindeal Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2023

4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 October 2022
323,685
300,000
623,685



At 30 September 2023
323,685
300,000
623,685

The 2023 valuations were made by the Directors, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Trade debtors
698
6,465

Prepayments and accrued income
-
1,520

698
7,985



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,724
5,436

Other creditors
104,115
12,000

Accruals and deferred income
2,699
11,252

112,538
28,688



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
-
92,115

-
92,115


Page 7

 
Steindeal Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



345,000 (2022 - 345,000) Ordinary shares of £1.00 each
345,000
345,000



9.


Related party transactions

Interest of £nil (2022: £1,655) was charged to the company on the directors loan account.  As at September 2023 an amount of £104,115 (2022: £104,115) was owed to G M Beveridge by the company. 


10.


Controlling party

G M Beveridge is the ultimate controlling party by virtue of her 51% shareholding.


Page 8