0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 08650733 2023-04-01 2024-03-31 08650733 2024-03-31 08650733 2023-03-31 08650733 2022-04-01 2023-03-31 08650733 2023-03-31 08650733 2022-03-31 08650733 bus:Director1 2023-04-01 2024-03-31 08650733 core:WithinOneYear 2024-03-31 08650733 core:WithinOneYear 2023-03-31 08650733 core:ShareCapital 2024-03-31 08650733 core:ShareCapital 2023-03-31 08650733 core:RetainedEarningsAccumulatedLosses 2024-03-31 08650733 core:RetainedEarningsAccumulatedLosses 2023-03-31 08650733 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 08650733 core:Non-currentFinancialInstruments 2024-03-31 08650733 core:Non-currentFinancialInstruments 2023-03-31 08650733 bus:SmallEntities 2023-04-01 2024-03-31 08650733 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08650733 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08650733 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08650733 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 08650733
Steelwell Holdings Limited
Filleted Unaudited Financial Statements
31 March 2024
Steelwell Holdings Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
100
100
Current assets
Debtors
5
703,378
669,788
Cash at bank and in hand
167
264
---------
---------
703,545
670,052
Creditors: amounts falling due within one year
6
587,134
553,545
---------
---------
Net current assets
116,411
116,507
---------
---------
Total assets less current liabilities
116,511
116,607
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
115,511
115,607
---------
---------
Shareholders funds
116,511
116,607
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Steelwell Holdings Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 18 March 2025 , and are signed on behalf of the board by:
Mr M Crane
Director
Company registration number: 08650733
Steelwell Holdings Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gorse Lodge, Brandon Road, Stubton, Newark, NG23 5DA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
4. Investments
Other investments other than loans
£
Cost
At 1 April 2023 and 31 March 2024
100
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
100
----
At 31 March 2023
100
----
The company owns 100% of the issued share capital of Steelwell Consultancy Limited.
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
703,378
669,788
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
587,134
553,545
---------
---------