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Registered number: 05866289
Steamwood Homes Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
SRC Advisory
2nd Floor Stanford Gate South Road
Brighton
East Sussex
BN1 6SB
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05866289
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,292 8,390
Investments 5 100 100
6,392 8,490
CURRENT ASSETS
Debtors 180,948 1,345
Cash at bank and in hand 36,438 301,452
217,386 302,797
Creditors: Amounts Falling Due Within One Year (198,608 ) (189,124 )
NET CURRENT ASSETS (LIABILITIES) 18,778 113,673
TOTAL ASSETS LESS CURRENT LIABILITIES 25,170 122,163
NET ASSETS 25,170 122,163
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 25,070 122,063
SHAREHOLDERS' FUNDS 25,170 122,163
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr P Mason
Director
28 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Steamwood Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05866289 . The registered office is 2nd Floor Stanford Gate, South Road, Brighton, East Sussex, BN1 6SB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Annual Revaluation
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 33% SL
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 21,976
As at 31 July 2024 21,976
Depreciation
As at 1 August 2023 13,586
Provided during the period 2,098
As at 31 July 2024 15,684
Net Book Value
As at 31 July 2024 6,292
As at 1 August 2023 8,390
Included within the net book value of tangible assets above is £Nil (2022: £450,000) in respect of freehold land and buildings.
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5. Investments
Total
£
Cost
As at 1 August 2023 100
As at 31 July 2024 100
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 100
As at 1 August 2023 100
Subsidiary Undertakings
Steamwood Homes Ltd owns 100% of the shares in subsidiary Steamwood (Steyning) Limited.
During the year, the company disposed of 100% of the shares in subsidiary Steamwood Land Ltd.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Reserves
8. Ultimate Controlling Party
The company is controlled by the directors by virtue of their ownership of 100% of the issued share capital in the company.
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