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Registration number: 15000949

Stem Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 13 July 2023 to 31 October 2024

 

Stem Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Stem Holdings Limited

Company Information

Director

S P Webb

Registered office

Unit 11 Woolmer Way, Industrial Estate
Bordon
Hampshire
GU35 9QE

Accountants

A J Wheeler Ltd - Trading as Howard Smith & Co
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

 

Stem Holdings Limited

(Registration number: 15000949)
Balance Sheet as at 31 October 2024

Note

2024
£

Fixed assets

 

Investments

4

226,125

Current assets

 

Debtors

5

100

Cash at bank and in hand

 

21,075

 

21,175

Creditors: Amounts falling due within one year

6

(173,400)

Net current liabilities

 

(152,225)

Total assets less current liabilities

 

73,900

Creditors: Amounts falling due after more than one year

6

(75,000)

Net liabilities

 

(1,100)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(1,200)

Shareholders' deficit

 

(1,100)

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 April 2025
 

.........................................
S P Webb
Director

 

Stem Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 13 July 2023 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11 Woolmer Way, Industrial Estate
Bordon
Hampshire
GU35 9QE

These financial statements were authorised for issue by the director on 17 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The financial statements contain information about Stem Holdings Limited and do not contain consolidated financial information as a parent of a group. The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements..

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in subsidiaries are included at cost.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Stem Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 13 July 2023 to 31 October 2024

4

Investments

2024
£

Investments in subsidiaries

226,125

Subsidiaries

£

Cost or valuation

Additions

226,125

Provision

Carrying amount

At 31 October 2024

226,125

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Fenwood Bowen Limited

Unit 11 Woolmer Way Industrial Estate, Bordon, Hampshire, GU35 9QE

England

795 Ordinary £1 shares

100%

Subsidiary undertakings

Fenwood Bowen Limited

The principal activity of Fenwood Bowen Limited is design, manufacture and sale of plastic products..

5

Debtors

Current

2024
£

Other debtors

100

 

100

 

Stem Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 13 July 2023 to 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,200

Other creditors

172,200

173,400

Creditors: amounts falling due after more than one year

2024
£

Due after one year

Other non-current financial liabilities

75,000

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary A shares of £1 each

70

70

Ordinary B shares of £1 each

30

30

100

100

8

Related party transactions

Other transactions with the director

The company owed the director £2,200 as at 31 October 2024. This is repayable on demand and is shown in current labilities.

Summary of transactions with subsidiaries

Fenwood Bowen Ltd
 During the period £95,000 was loaned to the company by the subsidiary and was outstanding at 31 October 2024.
 

Summary of transactions with associates

Longmead Land Ltd
 During the period the company purchased 795 shares in Fenwood Bowen Ltd, the subsdiary of Longmead Land Ltd, for £225,000.
 At 31 October 2024 the company owed Longmead Land Ltd £150,000, due for payment in two instalments of £75,000 each, payable on 4 December 2024 and 4 December 2025.