Screed & Stone (Holdings) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08871845 (England and Wales)

SCREED & STONE (HOLDINGS) LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J K Houlston

REGISTERED OFFICE:

The Counting House

59-61 Charlotte Street

St Pauls Square

Birmingham

B3 1PX

REGISTERED NUMBER:

08871845 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Investments

4

687,998

338,820

CURRENT ASSETS

Debtors

5

-

240,507

Cash at bank

282,291

339,475

282,291

579,982

CREDITORS

Amounts falling due within one year

6

108,189

108,695

NET CURRENT ASSETS

174,102

471,287

TOTAL ASSETS LESS CURRENT
LIABILITIES

862,100

810,107

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

862,000

810,007

862,100

810,107

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

J K Houlston - Director

1.	STATUTORY INFORMATION

Screed & Stone (Holdings) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Intangible assets

The company holds investments in cryptocurrency assets. These are accounted for as intangible assets in accordance with Section 18 of FRS 102.

Cryptocurrency assets are initially recognised at cost, including directly attributable transaction costs. After initial recognition, the assets are measured at cost less any accumulated amortisation (where applicable) and impairment losses.

The company reviews the carrying amount of cryptocurrency assets at each reporting date to assess whether there is any indication of impairment. Where the recoverable amount of an asset is less than its carrying amount, the carrying amount is reduced to its recoverable amount and the impairment loss is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

2024

2023

£

Shares in group undertakings

200

Other investments not loans

687,798

338,620

687,998

338,820

Additional information is as follows:

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 1 January 2024

200

113,620

113,820

Additions

-

109,178

At 31 December 2024

200

222,798

222,998

NET BOOK VALUE

At 31 December 2024

200

222,798

222,998

At 31 December 2023

200

113,620

113,820

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

Cryptocurrency investments

465,000

225,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Directors' current accounts

-

240,507

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed to group undertakings

83,689

85,195

Directors' current accounts

24,500

23,500

108,189

108,695

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

J K Houlston

Balance outstanding at start of year

240,507

-

Amounts advanced

-

240,507

Amounts repaid

(240,507

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

240,507

Included within creditors are directors' current accounts that are interest free and repayable on demand.