STEPASIDE COTTAGES LIMITED

STEPASIDE COTTAGES LIMITED

Statement of Financial Position

As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	2	275,000	275,000
		275,000	275,000
Current assets
Inventories	3	26,004	26,004
Debtors	4	1	-
Cash at bank and in hand		147	419
		26,152	26,423
Creditors: amount falling due within one year	5	(29,120)	(29,539)
Net current assets/(liabilities)		(2,968)	(3,116)


Total assets less current liabilities		272,032	271,884
Creditors: amount falling due after more than one year	6	(305,208)	(304,408)
Net assets/(liabilities)		(33,176)	(32,524)

Capital and reserves
Called up share capital		3	3
Reserves	7	29,962	29,962
Profit and loss account	8	(63,141)	(62,489)
Shareholders fund		(33,176)	(32,524)

For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors:

----------------------------------
Philip Lindsay Morgan
Director

Date approved: 29 October 2025

STEPASIDE COTTAGES LIMITED

Notes to the Accounts

For the year ended 31 January 2025

Statutory Information

STEPASIDE COTTAGES LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 04967929, registration address Crunwere House, Llanteg, Narberth, SA67 8QA, Wales.

The presentation currency is £ sterling.

1.	Accounting Policies Basis of accounting The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Tangible fixed assets

Cost or Valuation	Freehold property	Total
	£	£
At 01 February 2024	275,000	275,000
Additions	-	-
At 31 January 2025	275,000	275,000
Depreciation
At 01 February 2024	-	-
At 31 January 2025	-	-
Net book values
Closing balance as at 31 January 2025	275,000	275,000
Opening balance as at 01 February 2024	275,000	275,000

Inventories

	2025 £		2024 £
Finished goods	26,004		26,004
	26,004		26,004

Debtors: amounts falling due within one year

	2025 £		2024 £
Other debtors	1		-
	1		-

Creditors: amount falling due within one year

	2025 £	2024 £
Accrued expenses	-	419
Loan From MDA UK Invesments Ltd	29,120	29,120
	29,120	29,539

Creditors: amount falling due after more than one year

	2025 £	2024 £
Other creditors	35,855	35,855
Mortgage loan	122,198	122,198
Directors' loan account	147,155	146,355
	305,208	304,408

Reserves

	2025 £		2024 £
Revaluation reserve b/fwd	29,962		29,962
	29,962		29,962

Profit and loss account

	2025 £
Balance at 01 February 2024	(62,489)
Loss for the year	(652)
Balance at 31 January 2025	(63,141)

9.	Average number of employees Average number of employees during the year was 0 (2024: 0).