Company Registration No. 01415733 (England and Wales)
Stewart Michael (london) Limited
Unaudited accounts
for the year ended 31 March 2025
Stewart Michael (london) Limited
Unaudited accounts
Contents
Stewart Michael (london) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
522,540
490,281
Cash at bank and in hand
76,822
44,066
Creditors: amounts falling due within one year
(50,695)
(20,346)
Net current assets
26,127
24,330
Net assets
548,667
514,611
Called up share capital
140,000
140,000
Revaluation reserve
164,330
91,939
Profit and loss account
244,337
282,672
Shareholders' funds
548,667
514,611
For the year ending 31 March 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by
Mr S M Kerry
Director
Company Registration No. 01415733
Stewart Michael (london) Limited
Notes to the Accounts
for the year ended 31 March 2025
Stewart Michael (london) Limited is a private company, limited by shares, registered in England and Wales, registration number 01415733. The registered office is 14 Uphill Drive, London, London, NW7 4RR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not depreciated
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At 1 April 2024
496,741
7,658
504,399
Revaluations
72,391
-
72,391
Disposals
(40,132)
-
(40,132)
At 31 March 2025
529,000
7,658
536,658
At 1 April 2024
6,460
7,658
14,118
At 31 March 2025
6,460
7,658
14,118
At 31 March 2025
522,540
-
522,540
At 31 March 2024
490,281
-
490,281
Amounts falling due within one year
Accrued income and prepayments
-
610
Stewart Michael (london) Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,683
3,841
Loans from directors
44,762
10,606
7
Transactions with related parties
At the year end the company owed the director, Mr. S. Kerry £44,762 (2024 - £10,603) in respect of an interest free loan which is repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).