Company Registration No. 11198159 (England and Wales)
Steel City Properties Limited
Unaudited accounts
for the year ended 31 March 2025
Steel City Properties Limited
Unaudited accounts
Contents
Steel City Properties Limited
Statement of financial position
as at 31 March 2025
Investment property
1,375,000
1,362,500
Cash at bank and in hand
738
1,470
Creditors: amounts falling due within one year
(11,216)
(122,615)
Net current assets/(liabilities)
761
(110,903)
Total assets less current liabilities
1,375,761
1,251,597
Creditors: amounts falling due after more than one year
(967,834)
(798,261)
Provisions for liabilities
Deferred tax
(156,928)
(154,553)
Net assets
250,999
298,783
Called up share capital
100
100
Profit and loss account
250,899
298,683
Shareholders' funds
250,999
298,783
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 21 August 2025 and were signed on its behalf by
Nigel Hodkinson
Director
Company Registration No. 11198159
Steel City Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
Steel City Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11198159. The registered office is Offices At, 918-920 Chesterfield Road, Sheffield, South Yorkshire, S8 0SH, 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 pounds sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover represents amounts received in respect of rent.
Fair value at 1 April 2024
1,362,500
Net gain from fair value adjustments
12,500
At 31 March 2025
1,375,000
The fair values of the investment properties have been arrived at on the basis of a valuation carried out by the directors. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.
Amounts falling due within one year
Accrued income and prepayments
4,523
1,788
Steel City Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
9,416
120,815
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
904,311
796,473
Other creditors
63,523
1,788
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).