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REGISTERED NUMBER: 06541778 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

STEPPING STONE INDEPENDENT LIVING LTD

STEPPING STONE INDEPENDENT LIVING LTD (Registered number: 06541778)

Contents of the Financial Statements
for the Year Ended 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEPPING STONE INDEPENDENT LIVING LTD

Company Information
for the Year Ended 31 MARCH 2024







DIRECTOR: T Hussain





REGISTERED OFFICE: Alpha House
296 Kenton Road
Harrow
HA3 8DD





REGISTERED NUMBER: 06541778 (England and Wales)





ACCOUNTANTS: Frasers Young Limited
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD

STEPPING STONE INDEPENDENT LIVING LTD (Registered number: 06541778)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 184,025 191,823
Investment property 6 610,000 610,000
794,025 801,823

CURRENT ASSETS
Debtors 7 207,636 156,849
Cash at bank and in hand 51,190 91,151
258,826 248,000
CREDITORS
Amounts falling due within one year 8 (74,710 ) (57,926 )
NET CURRENT ASSETS 184,116 190,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

978,141

991,897

CREDITORS
Amounts falling due after more than one
year

9

(283,300

)

(317,166

)

PROVISIONS FOR LIABILITIES (33,586 ) (33,586 )
NET ASSETS 661,255 641,145

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 661,155 641,045
SHAREHOLDERS' FUNDS 661,255 641,145

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STEPPING STONE INDEPENDENT LIVING LTD (Registered number: 06541778)

Balance Sheet - continued
31 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 director and authorised for issue on 18 October 2024 and were signed by:





T Hussain - Director


STEPPING STONE INDEPENDENT LIVING LTD (Registered number: 06541778)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

STEPPING STONE INDEPENDENT LIVING LTD 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost of Building
Fixtures and fittings - 25 % on reducing balance
Motor vehicles - 25 % on reducing balance
Computer equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 52 ) .

STEPPING STONE INDEPENDENT LIVING LTD (Registered number: 06541778)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 145,000
AMORTISATION
At 1 April 2023
and 31 March 2024 145,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 213,315 46,871 50,875 23,003 334,064
DEPRECIATION
At 1 April 2023 41,926 43,369 41,340 15,606 142,241
Charge for year 3,428 876 2,384 1,110 7,798
At 31 March 2024 45,354 44,245 43,724 16,716 150,039
NET BOOK VALUE
At 31 March 2024 167,961 2,626 7,151 6,287 184,025
At 31 March 2023 171,389 3,502 9,535 7,397 191,823

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 610,000
NET BOOK VALUE
At 31 March 2024 610,000
At 31 March 2023 610,000

STEPPING STONE INDEPENDENT LIVING LTD (Registered number: 06541778)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024


7. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Other debtors 59,717 92,765

Amounts falling due after more than one year:
Amounts owed by associates 147,919 64,084

Aggregate amounts 207,636 156,849

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 24,000 24,000
Taxation and social security 23,553 18,167
Other creditors 27,157 15,759
74,710 57,926

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 283,300 317,166

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 167,195 184,526

10. RELATED PARTY DISCLOSURES

During the period the company paid rent of £38,450 (2023 - £29,437) for properties owned by the shareholders.

11. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.