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REGISTERED NUMBER: 04329564 (England and Wales)












Stevenson Homes Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Stevenson Homes Limited (Registered number: 04329564)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stevenson Homes Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: D M Stevenson





REGISTERED OFFICE: Unit 2 Dunheved Court
Pennygillam Way
Pennygillam Industrial Estate
Launceston
Cornwall
PL15 7ED





REGISTERED NUMBER: 04329564 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

Stevenson Homes Limited (Registered number: 04329564)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,568 28,238
Investment property 5 427,245 427,245
465,813 455,483

CURRENT ASSETS
Stocks 6 305,000 498,000
Debtors 7 87,626 310,857
Cash at bank 45,343 62,359
437,969 871,216
CREDITORS
Amounts falling due within one year 8 407,936 268,040
NET CURRENT ASSETS 30,033 603,176
TOTAL ASSETS LESS CURRENT LIABILITIES 495,846 1,058,659

CREDITORS
Amounts falling due after more than one year 9 (105,947 ) (145,232 )

PROVISIONS FOR LIABILITIES (9,642 ) (7,059 )
NET ASSETS 380,257 906,368

CAPITAL AND RESERVES
Called up share capital 500 1,000
Capital redemption reserve 500 -
Retained earnings 379,257 905,368
SHAREHOLDERS' FUNDS 380,257 906,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Stevenson Homes Limited (Registered number: 04329564)

Statement of Financial Position - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2025 and were signed by:





D M Stevenson - Director


Stevenson Homes Limited (Registered number: 04329564)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Stevenson Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the sale of goods and services, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is included within the financial statements at fair value.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.
Net realisable value represents the amount recoverable on sale less the costs to be incurred in getting the project to completion.
Direct cost is calculated on the cost of raw materials, direct labour and other associated development costs, but excludes overheads and interest.
On property development projects, profits are not accounted for until the legal ownership of the works passes to the purchaser.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

Stevenson Homes Limited (Registered number: 04329564)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 46,326 71,495 117,821
Additions 1,947 25,000 26,947
Disposals - (22,915 ) (22,915 )
At 31 March 2025 48,273 73,580 121,853
DEPRECIATION
At 1 April 2024 32,932 56,651 89,583
Charge for year 3,721 9,063 12,784
Eliminated on disposal - (19,082 ) (19,082 )
At 31 March 2025 36,653 46,632 83,285
NET BOOK VALUE
At 31 March 2025 11,620 26,948 38,568
At 31 March 2024 13,394 14,844 28,238

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 427,245
NET BOOK VALUE
At 31 March 2025 427,245
At 31 March 2024 427,245

Investment property was valued on a fair value basis as at 31st March 2025 by the Director, Daniel Stevenson.

6. STOCKS
2025 2024
£    £   
Work-in-progress 305,000 498,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 71,275 28,200
Other debtors 16,351 282,657
87,626 310,857

Stevenson Homes Limited (Registered number: 04329564)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 8,817 34,600
Trade creditors 13,776 51,688
Taxation and social security 170,007 96,949
Other creditors 215,336 84,803
407,936 268,040

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 105,947 145,232

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 70,678 75,582

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 114,764 179,832

Lloyds have fixed and floating charges over all of the company assets in order to secure bank loans.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
M F Stevenson and Mrs W J Stevenson
Balance outstanding at start of year 267,944 59,491
Amounts advanced - 687,344
Amounts repaid (267,944 ) (478,891 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 267,944