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Company Registration No. 02353985 (England and Wales)
Steadfast Properties Limited Unaudited accounts for the year ended 31 December 2024
Steadfast Properties Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Steadfast Properties Limited Company Information for the year ended 31 December 2024
Director
Mr S R Janes
Secretary
Mr S R Janes
Company Number
02353985 (England and Wales)
Registered Office
61 HIGH STREET GREENFIELD BEDFORD BEDFORDSHIRE MK45 5DD
Accountants
Offgrid Ltd 394 Goldington Road Bedford Bedfordshire MK41 9NT
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Steadfast Properties Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Steadfast Properties Limited for the year ended 31 December 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Steadfast Properties Limited, as a body, in accordance with the terms of our engagement letter dated 1 January 2018. Our work has been undertaken solely to prepare for your approval the accounts of Steadfast Properties Limited and state those matters that we have agreed to state to the Board of Directors of Steadfast Properties Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steadfast Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Steadfast Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Steadfast Properties Limited. You consider that Steadfast Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Steadfast Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Offgrid Ltd Chartered Accountants 394 Goldington Road Bedford Bedfordshire MK41 9NT 29 September 2025
- 4 -
Steadfast Properties Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
81,410 
50,444 
Current assets
Inventories
525,469 
365,000 
Debtors
5
15,385 
75,478 
Cash at bank and in hand
16,838 
25,388 
557,692 
465,866 
Creditors: amounts falling due within one year
6
(267,294)
(218,668)
Net current assets
290,398 
247,198 
Total assets less current liabilities
371,808 
297,642 
Creditors: amounts falling due after more than one year
7
(53,840)
(34,146)
Net assets
317,968 
263,496 
Capital and reserves
Called up share capital
50,000 
50,000 
Revaluation reserve
160,000 
160,000 
Profit and loss account
107,968 
53,496 
Shareholders' funds
317,968 
263,496 
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 director acknowledges his 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 and authorised for issue on 29 September 2025 and were signed on its behalf by
Mr S R Janes Director Company Registration No. 02353985
- 5 -
Steadfast Properties Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Steadfast Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02353985. The registered office is 61 HIGH STREET, GREENFIELD, BEDFORD, BEDFORDSHIRE, MK45 5DD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
25% on cost
Computer equipment
50% on cast
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
73,189 
47,796 
833 
121,818 
Additions
3,600 
48,549 
- 
52,149 
At 31 December 2024
76,789 
96,345 
833 
173,967 
Depreciation
At 1 January 2024
23,162 
47,796 
416 
71,374 
Charge for the year
14,698 
6,068 
417 
21,183 
At 31 December 2024
37,860 
53,864 
833 
92,557 
Net book value
At 31 December 2024
38,929 
42,481 
- 
81,410 
At 31 December 2023
50,027 
- 
417 
50,444 
- 6 -
Steadfast Properties Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,079 
13,420 
Trade debtors
2,306 
13,576 
Other debtors
- 
48,482 
15,385 
75,478 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
63 
- 
Obligations under finance leases and hire purchase contracts
15,655 
10,169 
Trade creditors
78,921 
66,304 
Taxes and social security
5,533 
5 
Other creditors
3,624 
- 
Loans from directors
162,298 
140,990 
Accruals
1,200 
1,200 
267,294 
218,668 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
53,840 
34,146 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -