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Registered number: 09216452
Stepple Farm Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09216452
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 214,765 214,641
214,765 214,641
CURRENT ASSETS
Debtors 5 500 -
Cash at bank and in hand 6,902 1,817
7,402 1,817
Creditors: Amounts Falling Due Within One Year 6 (7,055 ) (5,469 )
NET CURRENT ASSETS (LIABILITIES) 347 (3,652 )
TOTAL ASSETS LESS CURRENT LIABILITIES 215,112 210,989
NET ASSETS 215,112 210,989
CAPITAL AND RESERVES
Called up share capital 7 1,002 1,002
Profit and Loss Account 214,110 209,987
SHAREHOLDERS' FUNDS 215,112 210,989
For the year ending 30 September 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
S Morton
Director
29 August 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stepple Farm Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09216452 . The registered office is Stepple Hall, Catherton Road, Neen Savage, Cleobury Mortimer, DY14 0LH.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Freehold No Depreciation
Plant & Machinery 25% RB
Computer Equipment 20% SL
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 210,407 - 5,293 215,700
Additions - 1,576 - 1,576
As at 30 September 2024 210,407 1,576 5,293 217,276
Depreciation
As at 1 October 2023 - - 1,059 1,059
Provided during the period - 394 1,058 1,452
As at 30 September 2024 - 394 2,117 2,511
Net Book Value
As at 30 September 2024 210,407 1,182 3,176 214,765
As at 1 October 2023 210,407 - 4,234 214,641
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 500 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 6,561 5,469
Taxation and social security 494 -
7,055 5,469
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1.00 each 1 1
1 Ordinary B shares of £ 1.00 each 1 1
500 Ordinary C shares of £ 1.00 each 500 500
500 Ordinary D shares of £ 1.00 each 500 500
1,002 1,002
8. Related Party Transactions
Simon Morton
The above is the director of the company. 
During the year, the director incurred expenses on behalf of the company and drew against his account. 
At the balance sheet date, he was owed £2,792 (2023: £2,842) by the company. 
No interest was charged on the loan during the period.
Page 3
Page 4
9. Ultimate Controlling Party
The company's ultimate controlling parties are Mr S Morton and Mrs L A Morton.
Page 4