Silverfin false false 31/03/2025 01/04/2024 31/03/2025 S R Fowler 25/06/2015 D Fowler 15/03/2021 20 August 2025 The principal activity of the Company during the financial year was that of investment property rental. 09658135 2025-03-31 09658135 bus:Director1 2025-03-31 09658135 bus:Director2 2025-03-31 09658135 2024-03-31 09658135 core:CurrentFinancialInstruments 2025-03-31 09658135 core:CurrentFinancialInstruments 2024-03-31 09658135 core:Non-currentFinancialInstruments 2025-03-31 09658135 core:Non-currentFinancialInstruments 2024-03-31 09658135 core:ShareCapital 2025-03-31 09658135 core:ShareCapital 2024-03-31 09658135 core:RetainedEarningsAccumulatedLosses 2025-03-31 09658135 core:RetainedEarningsAccumulatedLosses 2024-03-31 09658135 core:FurnitureFittings 2024-03-31 09658135 core:FurnitureFittings 2025-03-31 09658135 bus:OrdinaryShareClass1 2025-03-31 09658135 bus:OrdinaryShareClass2 2025-03-31 09658135 bus:OrdinaryShareClass3 2025-03-31 09658135 bus:OrdinaryShareClass4 2025-03-31 09658135 2024-04-01 2025-03-31 09658135 bus:FilletedAccounts 2024-04-01 2025-03-31 09658135 bus:SmallEntities 2024-04-01 2025-03-31 09658135 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09658135 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09658135 bus:Director1 2024-04-01 2025-03-31 09658135 bus:Director2 2024-04-01 2025-03-31 09658135 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-31 09658135 2023-04-01 2024-03-31 09658135 core:FurnitureFittings 2024-04-01 2025-03-31 09658135 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 09658135 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09658135 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09658135 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 09658135 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 09658135 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 09658135 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 09658135 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 09658135 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09658135 (England and Wales)

STEVE FOWLER LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

STEVE FOWLER LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

STEVE FOWLER LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
STEVE FOWLER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Investment property 4 4,796,000 4,643,000
4,796,000 4,643,000
Current assets
Debtors 5 6,912 3,862
Cash at bank and in hand 41,448 29,874
48,360 33,736
Creditors: amounts falling due within one year 6 ( 78,503) ( 55,354)
Net current liabilities (30,143) (21,618)
Total assets less current liabilities 4,765,857 4,621,382
Creditors: amounts falling due after more than one year 7 ( 3,234,519) ( 3,397,519)
Provision for liabilities ( 40,777) ( 41,221)
Net assets 1,490,561 1,182,642
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 10 1,489,561 1,181,642
Total shareholders' funds 1,490,561 1,182,642

For the financial 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.

Directors' responsibilities:

The financial statements of Steve Fowler Limited (registered number: 09658135) were approved and authorised for issue by the Board of Directors on 20 August 2025. They were signed on its behalf by:

S R Fowler
Director
STEVE FOWLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
STEVE FOWLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Steve Fowler Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 - 3 College Yard, Worcester, WR1 2LB, United Kingdom. The principal place of business is Unit 15 Douglas Road Industrial Park, Douglas Road, Kingswood, Bristol, BS15 8PD.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liability of £3,264,063. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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 the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2024 29,318 29,318
Disposals ( 27,918) ( 27,918)
At 31 March 2025 1,400 1,400
Accumulated depreciation
At 01 April 2024 29,318 29,318
Disposals ( 27,918) ( 27,918)
At 31 March 2025 1,400 1,400
Net book value
At 31 March 2025 0 0
At 31 March 2024 0 0

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 4,643,000
Fair value movement 153,000
As at 31 March 2025 4,796,000

Assumptions

The 2025 valuations were made by the directors, on an open market value for existing use basis.

5. Debtors

2025 2024
£ £
Prepayments 6,912 3,862

6. Creditors: amounts falling due within one year

2025 2024
£ £
Accruals and deferred income 12,887 10,354
Taxation and social security 55,616 35,000
Other creditors 10,000 10,000
78,503 55,354

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Other creditors 3,234,519 3,397,519

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
255 Ordinary A shares of £ 1.00 each 255 255
255 Ordinary B shares of £ 1.00 each 255 255
245 Ordinary C shares of £ 1.00 each 245 245
245 Ordinary D shares of £ 1.00 each 245 245
1,000 1,000

9. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts owed to directors at the year end 3,234,519 3,397,519

The accounts are interest free and there are no set repayments.

10. Profit and loss account

2025 2024
£ £
Profit and loss account - distributable 1,213,053 1,057,979
Profit and loss account - non-distributable 277,107 123,663
1,490,160 1,181,642