Company registration number 09030880 (England and Wales)
STEEL CITY HOUSE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
STEEL CITY HOUSE LIMITED
COMPANY INFORMATION
Directors
Mr G Scotting
Mr J R B Scotting
Mr P D Williams
Company number
09030880
Registered office
Steel City House
2 West Street
Sheffield
South Yorkshire
England
S1 2GQ
Accountants
Hentons
Ground Floor
Dearing House, 1 Young Street
Broomhall
Sheffield
S1 4UP
STEEL CITY HOUSE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
STEEL CITY HOUSE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STEEL CITY HOUSE LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steel City House Limited for the year ended 31 December 2024 which comprise, the balance sheet and the related notes 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 https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Steel City House Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Steel City House Limited and state those matters that we have agreed to state to the b oard of d irectors of Steel City House Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steel City House Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Steel City House Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steel City House Limited. You consider that Steel City House 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 financial statements of Steel City House 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 f inancial statements.

Hentons
Chartered Accountants
Ground Floor
Dearing House, 1 Young Street
Broomhall
Sheffield
S1 4UP
30 September 2025
STEEL CITY HOUSE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
14,464,846
14,415,649
Current assets
Debtors
6
186,605
300,063
Cash at bank and in hand
286,538
940,681
473,143
1,240,744
Creditors: amounts falling due within one year
7
(562,070)
(340,187)
Net current (liabilities)/assets
(88,927)
900,557
Total assets less current liabilities
14,375,919
15,316,206
Creditors: amounts falling due after more than one year
8
(11,158,219)
(12,579,311)
Net assets
3,217,700
2,736,895
Capital and reserves
Called up share capital
1
1
Revaluation reserve
9
161,710
161,710
Profit and loss reserves
3,055,989
2,575,184
Total equity
3,217,700
2,736,895
STEEL CITY HOUSE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 September 2025 and are signed on its behalf by:
Mr G Scotting
Director
Company registration number 09030880 (England and Wales)
STEEL CITY HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Steel City House Limited is a private company limited by shares incorporated in England and Wales. The registered office is Steel City House, 2 West Street, Sheffield, South Yorkshire, England, S1 2GQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line
Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

STEEL CITY HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
STEEL CITY HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
37,299
5,887
43,186
Depreciation and impairment
At 1 January 2024 and 31 December 2024
37,299
5,887
43,186
Carrying amount
At 31 December 2024
-
0
-
0
-
0
At 31 December 2023
-
0
-
0
-
0
4
Investment property
2024
£
Fair value
At 1 January 2024
14,415,649
Additions
49,197
At 31 December 2024
14,464,846

Investment property comprises £14,464,846. The fair value of the investment property has been arrived at on the basis of a valuation carried in 2018 as reviewed by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Pen Y Bont Ltd
England and Wales
Ordinary
100.00
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
50,254
Other debtors
186,605
249,809
186,605
300,063
STEEL CITY HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
154,303
143,256
Trade creditors
-
0
8,227
Taxation and social security
112,577
96,852
Other creditors
295,190
91,852
562,070
340,187

Total aggregate loans due in 1 year in which security is given amounted to £154,303 (2023 £143,256) via a charge over land and property.

8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,822,636
4,987,986
Amounts owed to group undertakings
6,335,583
7,591,325
11,158,219
12,579,311

Total aggregate loans due in more than 1 year in which security is given amounted to £4,822,636 (2023 £4,987,986) via a charge over land and property.

9
Revaluation reserve
2024
2023
£
£
At the beginning and end of the year
161,710
161,710
10
Parent company

The parent company is Scott's Developments Ltd company number 08368324.

2024-12-31 2024-01-01 false false false 30 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr G Scotting Mr J R B Scotting Mr P D Williams 09030880 2024-01-01 2024-12-31 09030880 bus:Director1 2024-01-01 2024-12-31 09030880 bus:Director2 2024-01-01 2024-12-31 09030880 bus:Director3 2024-01-01 2024-12-31 09030880 bus:RegisteredOffice 2024-01-01 2024-12-31 09030880 2024-12-31 09030880 2023-12-31 09030880 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09030880 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09030880 core:ShareCapital 2024-12-31 09030880 core:ShareCapital 2023-12-31 09030880 core:RevaluationReserve 2024-12-31 09030880 core:RevaluationReserve 2023-12-31 09030880 core:RetainedEarningsAccumulatedLosses 2024-12-31 09030880 core:RetainedEarningsAccumulatedLosses 2023-12-31 09030880 core:FurnitureFittings 2024-01-01 2024-12-31 09030880 core:ComputerEquipment 2024-01-01 2024-12-31 09030880 2023-01-01 2023-12-31 09030880 core:FurnitureFittings 2023-12-31 09030880 core:ComputerEquipment 2023-12-31 09030880 2023-12-31 09030880 core:FurnitureFittings 2024-12-31 09030880 core:ComputerEquipment 2024-12-31 09030880 core:FurnitureFittings 2023-12-31 09030880 core:ComputerEquipment 2023-12-31 09030880 core:Subsidiary1 2024-01-01 2024-12-31 09030880 core:Subsidiary1 1 2024-01-01 2024-12-31 09030880 core:CurrentFinancialInstruments 2024-12-31 09030880 core:CurrentFinancialInstruments 2023-12-31 09030880 core:WithinOneYear 2024-12-31 09030880 core:WithinOneYear 2023-12-31 09030880 core:Non-currentFinancialInstruments 2024-12-31 09030880 core:Non-currentFinancialInstruments 2023-12-31 09030880 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09030880 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09030880 bus:FRS102 2024-01-01 2024-12-31 09030880 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09030880 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP