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Registered number: 05012903
Stepaside Holidays Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Stepaside Holidays Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Stepaside Holidays Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 05012903

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 725,024 |  | 725,030
|  |  | 725,024 |  | 725,030
CURRENT ASSETS
Debtors | 5 | 24,239 |  | 24,458 |
Cash at bank and in hand |  | 2,556 |  | 2,930 |
|  | 26,795 |  | 27,388 |
Creditors: Amounts Falling Due Within One Year | 6 | (163,721 ) |  | (152,679 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (136,926 ) |  | (125,291 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 588,098 |  | 599,739
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (505,036 ) |  | (505,081 )
NET ASSETS |  |  | 83,062 |  | 94,658
CAPITAL AND RESERVES
Called up share capital | 8 |  | 8 |  | 8
Revaluation reserve |  |  | 82,839 |  | 82,839
Profit and Loss Account |  |  | 215 |  | 11,811
SHAREHOLDERS' FUNDS |  |  | 83,062 |  | 94,658

Page 1
Page 2
Stepaside Holidays Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr H C Thomas Director
16 October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Stepaside Holidays Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Stepaside Holidays Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05012903 . The registered office is 29 Abernant Road, Abernant, Aberdare, CF44 0PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the total invoice value, excluding value added tax, of rents and other property income due in respect of the year and derives from the provision of goods falling within the company's ordinary activities.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 20% reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
Stepaside Holidays Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets

| Investment Properties | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 February 2024 | 725,000 | 1,730 | 726,730
As at 31 January 2025 | 725,000 | 1,730 | 726,730
Depreciation
As at 1 February 2024 | - | 1,700 | 1,700
Provided during the period | - | 6 | 6
As at 31 January 2025 | - | 1,706 | 1,706
Net Book Value
As at 31 January 2025 | 725,000 | 24 | 725,024
As at 1 February 2024 | 725,000 | 30 | 725,030

The company's properties are held for investment purposes and are valued by the directors in their professional capacity.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 1,040 |  | 954
Other debtors | 23,199 |  | 23,199
Corporation tax recoverable assets | - |  | 305
| 24,239 |  | 24,458

Page 4
Page 5
Stepaside Holidays Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,750 |  | 3,750
Other creditors | 1,709 |  | 1,787
Directors' loan accounts | 158,262 |  | 147,142
| 163,721 |  | 152,679

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 505,036 |  | 505,081

The above loan is secured by a mortgage over the company's freehold property.
Included within creditors: amounts falling due after more than one year, £ 505,036 (2023 £ 505,081 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
8 Ordinary Shares of £ 1.00 each | 8 |  | 8

Page 5