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REGISTERED NUMBER: 02736501 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

STEVE LISTER DEVELOPMENTS LIMITED

STEVE LISTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02736501)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STEVE LISTER DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr S J Lister
Mrs C Lister
Mrs M L Noonan
Mr D S Lister
Mr S M Lister





SECRETARY: Mrs C Lister





REGISTERED OFFICE: 4 Kingsbury Gardens
Eaglescliffe
Stockton-On-Tees
TS16 0FF





REGISTERED NUMBER: 02736501 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

STEVE LISTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02736501)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,246,363 1,945,267
Investments 5 50 50
2,246,413 1,945,317

CURRENT ASSETS
Stocks - 413,661
Debtors 414,680 313,716
Cash at bank 560,014 581,798
974,694 1,309,175
CREDITORS
Amounts falling due within one year 39,138 367,955
NET CURRENT ASSETS 935,556 941,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,181,969

2,886,537

PROVISIONS FOR LIABILITIES 284,056 226,747
NET ASSETS 2,897,913 2,659,790

CAPITAL AND RESERVES
Called up share capital 384,446 384,446
Other reserves 6 1,149,044 884,538
Retained earnings 1,364,423 1,390,806
SHAREHOLDERS' FUNDS 2,897,913 2,659,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

STEVE LISTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02736501)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 October 2024 and were signed on its behalf by:





Mr S J Lister - Director


STEVE LISTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02736501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Steve Lister Developments 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 represents the amount derived from the provision of goods and services falling within the company's ordinary activities after deduction of trade discounts and value added tax. It includes rental income and other building services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Depreciation of fixed assets is calculated to write off their cost over their estimated useful lives as follows:

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks and work in progress are valued at the lower of cost and net realisable value. The cost of work in progress and finished goods includes all direct materials,labour and appropriate overheads and is valued on a basis consistent with previous years.

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.

STEVE LISTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02736501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment properties
Investment properties are included in the accounts at open market value as estimated by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 1,981,922
Revaluation 326,551
At 31 January 2024 2,308,473
DEPRECIATION
At 1 February 2023 36,655
Charge for year 25,455
At 31 January 2024 62,110
NET BOOK VALUE
At 31 January 2024 2,246,363
At 31 January 2023 1,945,267

Investment properties have a cost of £744,598 and revalued amounts of £1425,402.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023
and 31 January 2024 50
NET BOOK VALUE
At 31 January 2024 50
At 31 January 2023 50

STEVE LISTER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02736501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. RESERVES
Other
reserves
£   
At 1 February 2023 884,538
Movement in year 264,506

At 31 January 2024 1,149,044

The reserve is non-distributable and arises from the revaluation of investment properties to their market value. As a result of the transition to FRS102 the reserve has been reduced by the provision of deferred tax on the profit which would arise on the disposal of the properties at their market value.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
Mr S J Lister
Balance outstanding at start of year 325,016 325,016
Amounts advanced (464,987 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (139,971 ) 325,016

8. RELATED PARTY DISCLOSURES

Monies owed from Mr S and Mrs C Lister. Interest was charged on the loan at 2.25% per annum. The loan will be repaid by 31 October 2024. The maximum amount outstanding during the year was £139,971. The company sold a property to Mr S and Mrs C Lister and the sale price was at open market value.

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr SJ and Mrs C Lister.