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Registration number: 12342251

Stream Equity Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Stream Equity Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Stream Equity Limited

Company Information

Director

Mr Cai Messenger

Registered office

2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Stream Equity Limited

(Registration number: 12342251)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

         

Fixed assets

   

Investment property

4

 

429,905

425,000

Current assets

   

Cash at bank and in hand

 

3,985

 

3,483

Creditors: Amounts falling due within one year

5

(153,424)

 

(144,089)

Net current liabilities

   

(149,439)

(140,606)

Total assets less current liabilities

   

280,466

284,394

Creditors: Amounts falling due after more than one year

5

 

(276,812)

(283,424)

Provisions for liabilities

 

(711)

(174)

Net assets

   

2,943

796

Capital and reserves

   

Called up share capital

100

 

100

Retained earnings

2,843

 

696

Shareholders' funds

   

2,943

796

 

Stream Equity Limited

(Registration number: 12342251)
Balance Sheet as at 31 December 2024

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

Director's 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 director acknowledges his 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.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 August 2025
 

.........................................

Mr Cai Messenger
Director

 

Stream Equity Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA
United Kingdom

These financial statements were authorised for issue by the director on 13 August 2025.

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.

Tax

The tax expense for the period comprises deferred 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.

 

Stream Equity Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 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.

 

Stream Equity Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Stream Equity Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Investment properties

2024
£

At 1 January

425,000

Additions

4,905

At 31 December

429,905

This valuation is based on the open market value of the property. The director reviews the valuation
each year to ensure it is still fair.

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

900

2,540

Other creditors

152,524

141,549

153,424

144,089

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

276,812

283,424

6

Related party transactions

The company was under the control of Mr C Messenger throughout the current and previous year. Mr C Messenger is the managing director and sole shareholder.

During the year Mr C Messenger maintained a loan account with the company. As at the year end the company owed Mr C Messenger £nil (£2023: £2,013). There are no fixed repayment terms associated with this loan and no interest is charged on the outstanding amount.

Mr C Messenger is also the managing director and sole shareholder of Stream Recruitment Limited. As at the year end the company owed Stream Recruitment Limited £152,523 (2023: £139,535). There are no fixed repayment terms associated with this loan. Interest of £2,500 (2023; £2,000) was charged on the outstanding amount. This amount owed is included within other creditors.

No further transactions were undertaken that need to be disclosed under FRS 102.

 

Stream Equity Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 Charges on assets

The Mortgage Works (UK) PLC hold a charge dated 6 August 2021 in respect of the property owned by company.

As at the year end the company owed The Mortgage Works (UK) PLC £276,812 (2023: £283,424).