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REGISTERED NUMBER: 08091464 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STEAMROCK CAPITAL LIMITED

STEAMROCK CAPITAL LIMITED (REGISTERED NUMBER: 08091464)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STEAMROCK CAPITAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: D J Neary





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 08091464 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

STEAMROCK CAPITAL LIMITED (REGISTERED NUMBER: 08091464)

STATEMENT OF FINANCIAL POSITION
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 300 400
Tangible assets 5 3,609 4,386
Investments 6 215,062 215,062
218,971 219,848

CURRENT ASSETS
Debtors 7 906,067 1,474,018
Cash at bank and in hand 9,508 13,463
915,575 1,487,481
CREDITORS
Amounts falling due within one year 8 86,586 1,006,130
NET CURRENT ASSETS 828,989 481,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,047,960

701,199

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,047,660 700,899
SHAREHOLDERS' FUNDS 1,047,960 701,199

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

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

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 8 January 2025 and were signed by:




D J Neary - Director


STEAMROCK CAPITAL LIMITED (REGISTERED NUMBER: 08091464)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Steamrock Capital 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.

Preparation of consolidated financial statements
The financial statements contain information about Steamrock Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no significant estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 2013, has now been fully
written off.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

STEAMROCK CAPITAL LIMITED (REGISTERED NUMBER: 08091464)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 10,000 3,000 13,000
AMORTISATION
At 1 June 2023 10,000 2,600 12,600
Charge for year - 100 100
At 31 May 2024 10,000 2,700 12,700
NET BOOK VALUE
At 31 May 2024 - 300 300
At 31 May 2023 - 400 400

STEAMROCK CAPITAL LIMITED (REGISTERED NUMBER: 08091464)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 18,402
DEPRECIATION
At 1 June 2023 14,016
Charge for year 777
At 31 May 2024 14,793
NET BOOK VALUE
At 31 May 2024 3,609
At 31 May 2023 4,386

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 12 50 62
PROVISIONS
At 1 June 2023
and 31 May 2024 (215,000 ) - (215,000 )
NET BOOK VALUE
At 31 May 2024 215,012 50 215,062
At 31 May 2023 215,012 50 215,062

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 150,774 717,238
Other debtors 755,293 756,780
906,067 1,474,018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,638 798
Amounts owed to group undertakings - 885,955
Taxation and social security 80,448 115,877
Other creditors 3,500 3,500
86,586 1,006,130

STEAMROCK CAPITAL LIMITED (REGISTERED NUMBER: 08091464)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within other creditors are accrued expenses of £3,500 (2023: £3,500).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
D J Neary
Balance outstanding at start of year 561,829 218,491
Amounts advanced 185,660 539,338
Amounts repaid (185,660 ) (196,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 561,829 561,829

Included within amounts advanced is an interest of £12,365 (2023: £13,073) charged at HMRC prescribed rates. All balance owed to company is repayable on demand and personally guaranteed by director.