STEETLEY CORNER GROUP LIMITED

Company Registration Number:
11108100 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

STEETLEY CORNER GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

STEETLEY CORNER GROUP LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 776,707 795,660
Investments: 4 404,500 404,500
Total fixed assets: 1,181,207 1,200,160
Current assets
Debtors:   476,555 460,346
Cash at bank and in hand: 95,106 37,563
Total current assets: 571,661 497,909
Creditors: amounts falling due within one year: 5 (1,351,416) (1,247,640)
Net current assets (liabilities): (779,755) (749,731)
Total assets less current liabilities: 401,452 450,429
Creditors: amounts falling due after more than one year: 6 (371,839) (422,056)
Provision for liabilities: (16,000) (20,000)
Total net assets (liabilities): 13,613 8,373
Capital and reserves
Called up share capital: 2,000 2,000
Profit and loss account: 11,613 6,373
Shareholders funds: 13,613 8,373

The notes form part of these financial statements

STEETLEY CORNER GROUP LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 May 2025
and signed on behalf of the board by:

Name: James Harding-Terry
Status: Director

The notes form part of these financial statements

STEETLEY CORNER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property - 2% straight line Fixtures and fittings - 15% reducing balance

STEETLEY CORNER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

STEETLEY CORNER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 995,539
Additions 19,844
At 31 August 2024 1,015,383
Depreciation
At 01 September 2023 199,879
Charge for year 38,797
At 31 August 2024 238,676
Net book value
At 31 August 2024 776,707
At 31 August 2023 795,660

STEETLEY CORNER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Fixed investments

The cost brought forward and carried forward was £404,500. Impairment brought forward and carried forward was £nil.

STEETLEY CORNER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts of £41,750 (2023: £41,750) are secured by a fixed charge over the company's freehold property.

STEETLEY CORNER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts of £371,839 (2023: £422,056) are secured by a fixed charge over the company's freehold property.

STEETLEY CORNER GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Loans to directors

Name of director receiving advance or credit: James Harding-Terry
Description of the loan: Loan
£
Balance at 01 September 2023 145,504
Advances or credits made: 161,348
Advances or credits repaid: 146,000
Balance at 31 August 2024 160,852
Name of director receiving advance or credit: Michelle Harding-Terry
Description of the loan: Loan
£
Balance at 01 September 2023 145,504
Advances or credits made: 161,348
Advances or credits repaid: 146,000
Balance at 31 August 2024 160,852