REGISTERED NUMBER: 07886454 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Steadways Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G B Stead

Mrs P S Retter

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

07886454 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

4

28,831

69,422

Investments

5

15

15

Investment property

6

471,406

471,406

500,252

540,843

CURRENT ASSETS

Debtors

7

273,262

263,310

Cash at bank

8,625

170,276

281,887

433,586

CREDITORS

Amounts falling due within one year

8

(97,464

)

(49,952

)

NET CURRENT ASSETS

184,423

383,634

TOTAL ASSETS LESS CURRENT LIABILITIES

684,675

924,477

CREDITORS

Amounts falling due after more than one year

9

(53,040

)

(46,213

)

PROVISIONS FOR LIABILITIES

(5,480

)

(13,192

)

NET ASSETS

626,155

865,072

CAPITAL AND RESERVES

Called up share capital

400

250

Retained earnings

625,755

864,822

SHAREHOLDERS' FUNDS

626,155

865,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

G B Stead - Director

1.	STATUTORY INFORMATION

Steadways Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

155,202

Additions

481

At 31 December 2024

155,683

DEPRECIATION

At 1 January 2024

85,780

Charge for year

41,072

At 31 December 2024

126,852

NET BOOK VALUE

At 31 December 2024

28,831

At 31 December 2023

69,422

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

15

NET BOOK VALUE

At 31 December 2024

15

At 31 December 2023

15

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

471,406

NET BOOK VALUE

At 31 December 2024

471,406

At 31 December 2023

471,406

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

564

-

Other debtors

70,013

63,129

70,577

63,129

31.12.24

31.12.23

£

£

Amounts falling due after more than one year:

Other debtors

202,685

200,181

Aggregate amounts

273,262

263,310

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

20,041

46,128

Trade creditors

4,661

1,078

Taxation and social security

70,619

(173

)

Other creditors

2,143

2,919

97,464

49,952

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

53,040

46,213