Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31Buying and selling of own real estateThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-04-012false2truefalse 14007525 2023-04-01 2024-03-31 14007525 2022-04-01 2023-03-31 14007525 2024-03-31 14007525 2023-03-31 14007525 c:Director2 2023-04-01 2024-03-31 14007525 d:CurrentFinancialInstruments 2024-03-31 14007525 d:CurrentFinancialInstruments 2023-03-31 14007525 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14007525 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14007525 d:ShareCapital 2024-03-31 14007525 d:ShareCapital 2023-03-31 14007525 d:RetainedEarningsAccumulatedLosses 2024-03-31 14007525 d:RetainedEarningsAccumulatedLosses 2023-03-31 14007525 c:FRS102 2023-04-01 2024-03-31 14007525 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14007525 c:FullAccounts 2023-04-01 2024-03-31 14007525 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14007525 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 14007525














STEVMAX01 LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
STEVMAX01 LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
STEVMAX01 LTD
REGISTERED NUMBER:14007525

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
2,575,447
2,437,887

Debtors: amounts falling due within one year
 4 
-
98

Cash at bank and in hand
  
8,148
6,977

  
2,583,595
2,444,962

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(3,083,642)
(2,555,730)

Net current liabilities
  
 
 
(500,047)
 
 
(110,768)

Net liabilities
  
(500,047)
(110,768)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(500,147)
(110,868)

  
(500,047)
(110,768)


Page 1

 
STEVMAX01 LTD
REGISTERED NUMBER:14007525
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N A Stevens
Director

Date: 26 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
STEVMAX01 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Stevmax01 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 De Walden Court, 85 New Cavendish Street, London, United Kingdom, W1W 6XD.
The principal activity of the company continued to be that of buying and selling of own real estate.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have the continued support from its lenders and has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts rebates, value added tax and other sales taxes.
Turnover represents net invoiced sale of services and property, excluding value added tax. Income
is recognised at the point of service or when property exchanges become unconditional.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all direct expenditure, directly attributable finance costs and an appropriate proportion
of fixed and variable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount
is reduced to its selling price less costs to complete and sell. The impairment loss is recognised
immediately in profit or loss.

Page 3

 
STEVMAX01 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument 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 and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
98

-
98


Page 4

 
STEVMAX01 LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
1,730,333
1,568,000

Trade creditors
3,629
432

Other creditors
1,347,280
985,048

Accruals and deferred income
2,400
2,250

3,083,642
2,555,730



6.


Related party transactions

Included within other creditors are amounts totalling £1,347,280 (2023: £985,048) owed to directors and close related parties of the directors. These amounts are repayable on demand.

 
Page 5