REGISTERED NUMBER: 02736501 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

STEVE LISTER DEVELOPMENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Lister

Mrs C Lister

Mrs M L Noonan

Mr D S Lister

Mr S M Lister

SECRETARY:

Mrs C Lister

REGISTERED OFFICE:

4 Kingsbury Gardens

Eaglescliffe

Stockton-On-Tees

TS16 0FF

REGISTERED NUMBER:

02736501 (England and Wales)

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton on Tees

TS18 3NJ

FIXED ASSETS

Tangible assets

4

2,749,302

2,246,363

Investments

5

50

50

2,749,352

2,246,413

CURRENT ASSETS

Debtors

407,835

414,680

Cash at bank

453,345

560,014

861,180

974,694

CREDITORS

Amounts falling due within one year

68,444

39,138

NET CURRENT ASSETS

792,736

935,556

TOTAL ASSETS LESS CURRENT LIABILITIES

3,542,088

3,181,969

CREDITORS

Amounts falling due after more than one year

(49,728

)

-

PROVISIONS FOR LIABILITIES

(336,410

)

(284,056

)

NET ASSETS

3,155,950

2,897,913

CAPITAL AND RESERVES

Called up share capital

384,446

384,446

Other reserves

6

1,522,780

1,149,044

Retained earnings

1,248,724

1,364,423

SHAREHOLDERS' FUNDS

3,155,950

2,897,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

Mr S J Lister - Director

1.	STATUTORY INFORMATION

Steve Lister Developments 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 represents the amount derived from the provision of goods and services falling within the company's ordinary activities after deduction of trade discounts and value added tax. It includes rental income and other building services.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Depreciation of fixed assets is calculated to write off their cost over their estimated useful lives as follows:

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 and is charged at 25%.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date and is charged at 25%.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment properties

Investment properties are included in the accounts at open market value as estimated by the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

2,308,473

Revaluation

525,373

Disposals

(30,765

)

At 31 January 2025

2,803,081

DEPRECIATION

At 1 February 2024

62,110

Charge for year

20,071

Eliminated on disposal

(28,402

)

At 31 January 2025

53,779

NET BOOK VALUE

At 31 January 2025

2,749,302

At 31 January 2024

2,246,363

Investment properties have a cost of £744,598 and revalued amounts of £1,875,402.

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2024

and 31 January 2025

50

NET BOOK VALUE

At 31 January 2025

50

At 31 January 2024

50

6.

RESERVES

Other

reserves

£

At 1 February 2024

1,149,044

Movement in year

373,736

At 31 January 2025

1,522,780

The reserve is non-distributable and arises from the revaluation of investment properties to their market value. As a result of the transition to FRS102 the reserve has been reduced by the provision of deferred tax on the profit which would arise on the disposal of the properties at their market value.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31/1/25

31/1/24

£

£

Mr S J Lister

Balance outstanding at start of year

(139,971

)

325,016

Amounts advanced

-

(464,987

)

Amounts repaid

16,992

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(122,979

)

(139,971

)

8.	RELATED PARTY DISCLOSURES

Monies owed from Mr S and Mrs C Lister. Interest was charged on the loan at 2.25% per annum. The maximum amount outstanding during the year was £139,971.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr SJ and Mrs C Lister.