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REGISTERED NUMBER: 09499658 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

STEVENTON ASSETS LIMITED

STEVENTON ASSETS LIMITED (REGISTERED NUMBER: 09499658)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEVENTON ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr T Carter
Mrs S M Carter





REGISTERED OFFICE: 8 Tollgate
Stanbridge Earls
Romsey
Hampshire
SO51 0HE





REGISTERED NUMBER: 09499658 (England and Wales)

STEVENTON ASSETS LIMITED (REGISTERED NUMBER: 09499658)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 707 1,415
Investment property 5 1,285,000 1,285,000
1,285,707 1,286,415

CURRENT ASSETS
Debtors 6 9,394 1,959
Cash at bank 65,131 64,581
74,525 66,540
CREDITORS
Amounts falling due within one year 7 1,155,140 1,144,207
NET CURRENT LIABILITIES (1,080,615 ) (1,077,667 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,092

208,748

PROVISIONS FOR LIABILITIES 5,278 -
NET ASSETS 199,814 208,748

CAPITAL AND RESERVES
Called up share capital 8 2 2
Non-distributable fair value
reserve 9 21,931 27,075
Retained earnings 177,881 181,671
SHAREHOLDERS' FUNDS 199,814 208,748

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

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

STEVENTON ASSETS LIMITED (REGISTERED NUMBER: 09499658)

BALANCE SHEET - continued
31ST MARCH 2024


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 15th October 2024 and were signed on its behalf by:





Mr T Carter - Director


STEVENTON ASSETS LIMITED (REGISTERED NUMBER: 09499658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Steventon Assets 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.

The financial statements are presented in £ sterling which is the functional currency of the company and rounded to the nearest £.

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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting polices adopted are set out below.

The financial statements relate to Steventon Assets Limited as an individual entity.

Turnover
Turnover represents the revenue generated by the company's operating activities, excluding value added tax.

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 etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

STEVENTON ASSETS LIMITED (REGISTERED NUMBER: 09499658)

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


2. ACCOUNTING POLICIES - continued

Going concern
As at the balance sheet date, the Company had net current liabilities of £1,080,615 (2023: £1,077,667).

The Company is reliant upon the continued support of the directors who have advanced £1,071,979 (2023: £1,040,454) to the Company as at the year end. The directors have confirmed that they will continue to support the Company for the foreseeable future.

Therefore, it is considered appropriate to apply the going concern basis to the preparation of the Company's financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2023
and 31st March 2024 3,941
DEPRECIATION
At 1st April 2023 2,526
Charge for year 708
At 31st March 2024 3,234
NET BOOK VALUE
At 31st March 2024 707
At 31st March 2023 1,415

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 1,285,000
NET BOOK VALUE
At 31st March 2024 1,285,000
At 31st March 2023 1,285,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2022 27,075
Cost 1,257,925
1,285,000

STEVENTON ASSETS LIMITED (REGISTERED NUMBER: 09499658)

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


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,257,925 1,257,925

Investment property was valued on an open market basis on 31st March 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,194 1,959
Other debtors 200 -
9,394 1,959

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16 237
Taxation and social security 17,641 14,219
Other creditors 1,137,483 1,129,751
1,155,140 1,144,207

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Non-distributable
fair
value
reserve
£   
At 1st April 2023 27,075
Defer tax (5,144 )

At 31st March 2024 21,931