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STEER & CO HOLDINGS LIMITED

Registered Number
12053043
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

STEER & CO HOLDINGS LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

R STEER

Registered Address

27 Old Gloucester Street
London
WC1N 3AX

Registered Number

12053043 (England and Wales)
STEER & CO HOLDINGS LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets342,31613,878
Investments511
Investment property4842,640842,640
884,957856,519
Current assets
Debtors155,435274,157
Cash at bank and on hand20,94829,447
176,383303,604
Creditors amounts falling due within one year6(218,918)(215,714)
Net current assets (liabilities)(42,535)87,890
Total assets less current liabilities842,422944,409
Net assets842,422944,409
Capital and reserves
Called up share capital22
Profit and loss account842,420944,407
Shareholders' funds842,422944,409
The financial statements were approved and authorised for issue by the Director on 26 June 2025, and are signed on its behalf by:
R STEER
Director
Registered Company No. 12053043
STEER & CO HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Vehicles20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Total

£££
Cost or valuation
At 01 October 23-18,97718,977
Additions34,6903,25737,947
At 30 September 2434,69022,23456,924
Depreciation and impairment
At 01 October 23-5,0995,099
Charge for year6,9382,5719,509
At 30 September 246,9387,67014,608
Net book value
At 30 September 2427,75214,56442,316
At 30 September 23-13,87813,878
4.Investment property

£
Fair value at 01 October 23842,640
At 30 September 24842,640
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 October 2311
At 30 September 2411
Net book value
At 30 September 2411
At 30 September 2311

Notes

1Investments in group undertakings and participating interests
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,1306,681
Taxation and social security411206
Other creditors209,377208,827
Total218,918215,714
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Directors advances, credits and guarantees
At 30 September 2024 the Director owed the Company £7,034. Interest is charged on the loan at the prevailing rate and the loan was repaid within 9 months of the year end.
8.Related party transactions
On 10 May 2021 the Company entered into a joint loan agreement with the Director and a connected party to help fund the purchase of an investment property. The loan is subject to interest and is repayable on demand. At the year end the amount outstanding was £209,378.