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REGISTERED NUMBER: 04748657 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STEER ETHELSTON RURAL LIMITED

STEER ETHELSTON RURAL LIMITED (REGISTERED NUMBER: 04748657)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


STEER ETHELSTON RURAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2024







DIRECTORS: Mrs S J Steer
M N Steer





SECRETARY: Mrs S J Steer





REGISTERED OFFICE: Upper Norncott
Heath
Craven Arms
Shropshire
SY7 9DS





REGISTERED NUMBER: 04748657 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

STEER ETHELSTON RURAL LIMITED (REGISTERED NUMBER: 04748657)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,192 36,432
25,192 36,432

CURRENT ASSETS
Stocks 48,362 56,498
Debtors 6 111,561 122,019
Cash at bank 104,622 126,447
264,545 304,964
CREDITORS
Amounts falling due within one year 7 31,425 45,580
NET CURRENT ASSETS 233,120 259,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,312

295,816

PROVISIONS FOR LIABILITIES 6,281 9,087
NET ASSETS 252,031 286,729

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 251,931 286,629
SHAREHOLDERS' FUNDS 252,031 286,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 29 January 2025 and were signed on its behalf by:





Mrs S J Steer - Director


STEER ETHELSTON RURAL LIMITED (REGISTERED NUMBER: 04748657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024

1. STATUTORY INFORMATION

Steer Ethelston Rural 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 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 2005, is being amortised evenly over its estimated useful life of five 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 - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

STEER ETHELSTON RURAL LIMITED (REGISTERED NUMBER: 04748657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 4,000
AMORTISATION
At 1 May 2023
and 30 April 2024 4,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 27,092 16,166 5,329
Additions - - -
At 30 April 2024 27,092 16,166 5,329
DEPRECIATION
At 1 May 2023 27,092 8,989 5,148
Charge for year - 4,042 89
At 30 April 2024 27,092 13,031 5,237
NET BOOK VALUE
At 30 April 2024 - 3,135 92
At 30 April 2023 - 7,177 181

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 30,124 11,901 90,612
Additions - 574 574
At 30 April 2024 30,124 12,475 91,186
DEPRECIATION
At 1 May 2023 1,255 11,696 54,180
Charge for year 7,531 152 11,814
At 30 April 2024 8,786 11,848 65,994
NET BOOK VALUE
At 30 April 2024 21,338 627 25,192
At 30 April 2023 28,869 205 36,432

STEER ETHELSTON RURAL LIMITED (REGISTERED NUMBER: 04748657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,295 42,743
Other debtors 2,920 -
3D Rural Surveyors Loan 2,431 2,431
Deer Park Farm Holiday Let 24,476 24,476
Directors' current accounts 57,583 -
Directors' loan accounts - 49,904
Prepayments 3,856 2,465
111,561 122,019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,917 7,787
Tax - 17,770
Social security and other taxes 546 -
VAT 7,499 2,610
Other creditors 1,013 1,013
Deferred Income 15,300 15,300
Accrued expenses 1,150 1,100
31,425 45,580

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mrs S J Steer
Balance outstanding at start of year 49,905 (24,058 )
Amounts advanced 68,302 104,551
Amounts repaid (60,624 ) (30,588 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,583 49,905

Included in other creditors is £1,013 (2023 £1,013l) due to a shareholder.