Registered number
10846426
Stegar Estates Ltd
Filleted Accounts
30 June 2024
Stegar Estates Ltd
Registered number: 10846426
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 156,557 156,557
Current assets
Cash at bank and in hand 21,913 57,326
Creditors: amounts falling due within one year 4 (38,660) (83,121)
Net current liabilities (16,747) (25,795)
Total assets less current liabilities 139,810 130,762
Creditors: amounts falling due after more than one year 5 (80,238) (81,084)
Net assets 59,572 49,678
Capital and reserves
Called up share capital 2 2
Profit and loss account 59,570 49,676
Shareholders' funds 59,572 49,678
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Grimes
Director
Approved by the board on 16 August 2024
Stegar Estates Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 156,557
At 30 June 2024 156,557
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 156,557
At 30 June 2023 156,557
4 Creditors: amounts falling due within one year 2024 2023
£ £
Directors account 35,308 79,360
Corporation tax 2,274 2,675
Other creditors 1,078 1,086
38,660 83,121
5 Creditors: amounts falling due after one year 2024 2023
£ £
Loans 80,238 81,084
6 Other information
Stegar Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29 Veals Mead
Mitcham
Surrey
CR4 3SB
Stegar Estates Ltd 10846426 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 Stephen Grimes No description of principal activity 10846426 2022-07-01 2023-06-30 10846426 core:WithinOneYear 2023-06-30 10846426 core:AfterOneYear 2023-06-30 10846426 core:ShareCapital 2023-06-30 10846426 core:RetainedEarningsAccumulatedLosses 2023-06-30 10846426 2023-07-01 2024-06-30 10846426 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10846426 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10846426 bus:Director40 2023-07-01 2024-06-30 10846426 1 2023-07-01 2024-06-30 10846426 2 2023-07-01 2024-06-30 10846426 countries:England 2023-07-01 2024-06-30 10846426 bus:FRS102 2023-07-01 2024-06-30 10846426 bus:FilletedAccounts 2023-07-01 2024-06-30 10846426 2024-06-30 10846426 core:WithinOneYear 2024-06-30 10846426 core:AfterOneYear 2024-06-30 10846426 core:ShareCapital 2024-06-30 10846426 core:RetainedEarningsAccumulatedLosses 2024-06-30 10846426 core:LandBuildings 2024-06-30 10846426 2023-06-30 10846426 core:LandBuildings 2023-06-30 iso4217:GBP xbrli:pure