Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10335105 C M Duckett T Duckett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10335105 2023-12-31 10335105 2024-12-31 10335105 2024-01-01 2024-12-31 10335105 frs-core:Non-currentFinancialInstruments 2024-12-31 10335105 frs-core:ComputerEquipment 2024-12-31 10335105 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10335105 frs-core:ComputerEquipment 2023-12-31 10335105 frs-core:MotorVehicles 2024-12-31 10335105 frs-core:MotorVehicles 2024-01-01 2024-12-31 10335105 frs-core:MotorVehicles 2023-12-31 10335105 frs-core:PlantMachinery 2024-12-31 10335105 frs-core:PlantMachinery 2024-01-01 2024-12-31 10335105 frs-core:PlantMachinery 2023-12-31 10335105 frs-core:RevaluationReserve 2023-12-31 10335105 frs-core:RevaluationReserve 2024-12-31 10335105 frs-core:ShareCapital 2024-12-31 10335105 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10335105 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10335105 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10335105 frs-bus:SmallEntities 2024-01-01 2024-12-31 10335105 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10335105 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10335105 frs-bus:Director1 2024-01-01 2024-12-31 10335105 frs-bus:Director2 2024-01-01 2024-12-31 10335105 frs-countries:EnglandWales 2024-01-01 2024-12-31 10335105 2022-12-31 10335105 2023-12-31 10335105 2023-01-01 2023-12-31 10335105 frs-core:CurrentFinancialInstruments 2023-12-31 10335105 frs-core:Non-currentFinancialInstruments 2023-12-31 10335105 frs-core:WithinOneYear 2023-12-31 10335105 frs-core:RevaluationReserve 2023-12-31 10335105 frs-core:ShareCapital 2023-12-31 10335105 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10335105
Steadfast Estates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Boston House Limited
Boston House
214 High Street
Boston Spa
West Yorkshire
LS23 6AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10335105
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 281 7,744
Investment Properties 5 406,787 406,787
407,068 414,531
CURRENT ASSETS
Debtors 6 1,944 -
Cash at bank and in hand 41,518 12,230
43,462 12,230
Creditors: Amounts Falling Due Within One Year 7 (132,651 ) (105,112 )
NET CURRENT ASSETS (LIABILITIES) (89,189 ) (92,882 )
TOTAL ASSETS LESS CURRENT LIABILITIES 317,879 321,649
Creditors: Amounts Falling Due After More Than One Year 8 (273,855 ) (279,875 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,983 ) (20,983 )
NET ASSETS 23,041 20,791
CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 89,453 89,453
Profit and Loss Account (66,414 ) (68,664 )
SHAREHOLDERS' FUNDS 23,041 20,791
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
T Duckett
Director
12 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Steadfast Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10335105 . The registered office is Boston House 214 High Street, Boston Spa, Wetherby, LS23 6AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 25% Straight Line
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 1,047 29,428 439 30,914
As at 31 December 2024 1,047 29,428 439 30,914
Depreciation
As at 1 January 2024 1,035 22,071 64 23,170
Provided during the period 12 7,357 94 7,463
As at 31 December 2024 1,047 29,428 158 30,633
Net Book Value
As at 31 December 2024 - - 281 281
As at 1 January 2024 12 7,357 375 7,744
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 406,787
A revaluation of the properties was undertaken in 2021 by the company's independent mortgage advisors. The directors consider these valuations reflect the value of the properties at the Balance Sheet date.
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,944 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 12,932
Other creditors 132,651 92,180
132,651 105,112
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 5,982
Other loans 273,855 273,893
273,855 279,875
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 12,932
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Revaluation Reserve
£
As at 1 January 2024 89,453
As at 31 December 2024 89,453
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