Company registration number 11088640 (England and Wales)
STEAD INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
STEAD INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
STEAD INVESTMENTS LIMITED
BALANCE SHEET
AS AT
29 NOVEMBER 2023
29 November 2023
- 1 -
2023
2023
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
4
(99,925)
(99,925)
Net current liabilities
(99,925)
(99,925)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(100,025)
(100,025)
Total equity
(99,925)
(99,925)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 August 2024 and are signed on its behalf by:
Mr G C Stead
Director
Company registration number 11088640 (England and Wales)
STEAD INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Stead Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chalkway House, Ebbesbourne Wake, SALISBURY, Wiltshire, SP5 5JB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year end the company had net liabilities of £99,925. This consists entirely of a loan due to the directors. As the directors have agreed not to seek repayment of this loan until the company has sufficient resources to repay it and as they have also committed to continue meeting the liabilities of the company as they fall due, the directors consider it appropriate to prepare the accounts on the going concern basis. true

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2023
Number
Number
Total
2
2
STEAD INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 NOVEMBER 2023
- 3 -
3
Fixed asset investments
2023
2023
£
£
Fixed asset investments revalued

The company has unlisted investments, with a historic cost of £100,000, which have been fully impaired. The net book value at November 2023 is £nil (2022 - £nil).

4
Creditors: amounts falling due within one year
2023
2023
£
£
Other creditors
99,925
99,925
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