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REGISTERED NUMBER: 08550382 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

STEWART PROPERTIES AND LETTINGS LIMITED

STEWART PROPERTIES AND LETTINGS LIMITED (REGISTERED NUMBER: 08550382)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STEWART PROPERTIES AND LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: B M Stewart





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 08550382 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

STEWART PROPERTIES AND LETTINGS LIMITED (REGISTERED NUMBER: 08550382)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,036 56,048

CURRENT ASSETS
Stocks 76,208 37,290
Debtors 5 7,180 31,333
Cash at bank 83,705 127,162
167,093 195,785
CREDITORS
Amounts falling due within one year 6 42,725 94,424
NET CURRENT ASSETS 124,368 101,361
TOTAL ASSETS LESS CURRENT LIABILITIES 166,404 157,409

CREDITORS
Amounts falling due after more than one year 7 (29,706 ) (35,772 )

PROVISIONS FOR LIABILITIES (7,987 ) (10,649 )
NET ASSETS 128,711 110,988

CAPITAL AND RESERVES
Called up share capital 70 70
Capital redemption reserve 30 30
Retained earnings 128,611 110,888
SHAREHOLDERS' FUNDS 128,711 110,988

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 25th February 2025 and were signed by:





B M Stewart - Director


STEWART PROPERTIES AND LETTINGS LIMITED (REGISTERED NUMBER: 08550382)

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

1. STATUTORY INFORMATION

Stewart Properties and Lettings 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 and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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).

STEWART PROPERTIES AND LETTINGS LIMITED (REGISTERED NUMBER: 08550382)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2023
and 31st May 2024 11,463 1,044 97,348 2,051 111,906
DEPRECIATION
At 1st June 2023 9,989 820 43,556 1,493 55,858
Charge for year 369 56 13,448 139 14,012
At 31st May 2024 10,358 876 57,004 1,632 69,870
NET BOOK VALUE
At 31st May 2024 1,105 168 40,344 419 42,036
At 31st May 2023 1,474 224 53,792 558 56,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,680 28,643
Other debtors 2,500 2,690
7,180 31,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,279 6,129
Trade creditors 17,603 50,013
Taxation and social security 11,775 21,009
Other creditors 7,068 17,273
42,725 94,424

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,706 35,772

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,962 9,666

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £5,384 (2023: £15,765) to key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.