Stevelaw Properties Limited 09777348 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the buying and selling of real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 09777348 2023-10-01 2024-09-30 09777348 2024-09-30 09777348 core:CurrentFinancialInstruments 2024-09-30 09777348 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 09777348 core:Non-currentFinancialInstruments 2024-09-30 09777348 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 09777348 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-09-30 09777348 core:OtherRelatedParties 2024-09-30 09777348 bus:SmallEntities 2023-10-01 2024-09-30 09777348 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09777348 bus:FilletedAccounts 2023-10-01 2024-09-30 09777348 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09777348 bus:RegisteredOffice 2023-10-01 2024-09-30 09777348 bus:Director1 2023-10-01 2024-09-30 09777348 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09777348 countries:England 2023-10-01 2024-09-30 09777348 2023-09-30 09777348 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 09777348 core:OtherRelatedParties 2023-09-30 09777348 2022-10-01 2023-09-30 09777348 2023-09-30 09777348 core:CurrentFinancialInstruments 2023-09-30 09777348 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09777348 core:Non-currentFinancialInstruments 2023-09-30 09777348 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 09777348 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 09777348 core:OtherRelatedParties 2023-09-30 09777348 2022-09-30 09777348 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-09-30 09777348 core:OtherRelatedParties 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 09777348

Stevelaw Properties Limited
Annual Report and
Unaudited Financial Statements

30 September 2024

 

Stevelaw Properties Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Stevelaw Properties Limited

Balance Sheet
30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,220,282

2,200,282

Current assets

 

Debtors

5

2,500

31,545

Cash at bank and in hand

 

56,494

26,058

 

58,994

57,603

Creditors: Amounts falling due within one year

6

(218,224)

(109,913)

Net current liabilities

 

(159,230)

(52,310)

Total assets less current liabilities

 

2,061,052

2,147,972

Creditors: Amounts falling due after more than one year

6

(1,376,706)

(1,526,286)

Net assets

 

684,346

621,686

Capital and reserves

 

Called up share capital

4

4

Retained earnings

684,342

621,682

Shareholders' funds

 

684,346

621,686

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and

The Directors acknowledge their 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.

 

Stevelaw Properties Limited

Balance Sheet
30 September 2024

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 Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

.........................................
S B Cantor
Director

Company Registration Number: 09777348

 

Stevelaw Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
1st Floor,
Peel House
30 The Downs
Altrincham
Cheshire
WA14 2PX

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.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

Stevelaw Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

Stevelaw Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 Directors) during the year, was 4 (2023 - 4).

4

Investment properties

2024
£

At 1 October

2,200,282

Additions

20,000

At 30 September

2,220,282

 

Stevelaw Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,500

7,500

Prepayments

-

5,318

Other debtors

-

18,727

 

2,500

31,545

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

29,040

34,920

Taxation and social security

 

20,473

16,786

Accruals and deferred income

 

42,253

58,207

Other creditors

 

126,458

-

 

218,224

109,913

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

1,001,783

1,151,363

Other non-current financial liabilities

 

374,923

374,923

 

1,376,706

1,526,286

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

495,820

645,400

Other borrowings

505,963

505,963

1,001,783

1,151,363

 

Stevelaw Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

8

Related party transactions

Loans from related parties

2024

Key management
£

Other related parties
£

Total
£

At start of period

505,963

374,923

880,886

At end of period

505,963

374,923

880,886

2023

Key management
£

Other related parties
£

Total
£

At start of period

505,963

374,923

880,886

At end of period

505,963

374,923

880,886