Stevengale Limited

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

Registered number: 01610847

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		980,002		300,000

			980,002		300,000
CURRENT ASSETS
Debtors	5	7,786		5,549
Cash at bank and in hand		685,559		1,350,876

		693,345		1,356,425
Creditors: Amounts Falling Due Within One Year	6	(41,269 )		(18,580 )

NET CURRENT ASSETS (LIABILITIES)			652,076		1,337,845

TOTAL ASSETS LESS CURRENT LIABILITIES			1,632,078		1,637,845

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,394 )		(11,516 )

NET ASSETS			1,619,684		1,626,329

CAPITAL AND RESERVES
Called up share capital	7		992		992
Share premium account			65,506		65,506
Other reserves			249,967		249,967
Profit and Loss Account			1,303,219		1,309,864

SHAREHOLDERS' FUNDS			1,619,684		1,626,329

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Stevengale Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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

John Maitland

Director

03/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Stevengale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01610847 . The registered office is 3 TACKLEY PLACE, OXFORD, OX2 6RR.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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	20.0% straight line method
Computer Equipment	33.3% straight line method

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.

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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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)

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Stevengale Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	300,000	230	3,389	303,619
Additions	676,492	7,020	-	683,512

As at 31 August 2025	976,492	7,250	3,389	987,131

Depreciation
As at 1 September 2024	-	230	3,389	3,619
Provided during the period	-	3,510	-	3,510

As at 31 August 2025	-	3,740	3,389	7,129

Net Book Value
As at 31 August 2025	976,492	3,510	-	980,002

As at 1 September 2024	300,000	-	-	300,000

Property 1 was valued at the estimated open market value by the directors on 14 June 2004 and the directors do not consider that the valuation has materially changed since that date. The original cost of the property was £72,533.

A second property was purchased on 5 September 2024 and the directors do not consider that the valuation has materially change since the date of purchase.

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	6,986	5,549
Other debtors	800	-

	7,786	5,549

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	10,989	12,450
Accruals and deferred income	28,541	4,414
Directors' loan accounts	1,739	1,716

	41,269	18,580

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Stevengale Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	992	992

The share capital is divided as to:

792 ordinary shares of £1 each

200 cumulative preference shares of £1 each

Shareholders' Funds

There are 792 ordinary shares made up of six classes of share - 4 A Shares, 26 B Shares, 316 C Shares, 394 D Shares, 26 E Shares, 26 F Shares. All six classes of ordinary share have identical shareholder rights in all respects.

There are 200 cumulative preference shares of £1 each at par value. Dividends are payable at the rate of £50 per share, adjusted by inflation, which means that in the current year the dividend was £137.15 per share.

The preference shareholders have no right in the event of a winding up beyond arrears of dividends and repayments of capital.

They have no right to vote except in the following circumstances:

a) Dividends on their shares have been in arrears for six months or more, or

b) A resolution is proposed for winding up the company or for a reduction in the capital of the company, or

c) A resolution is to be proposed abrogating, varying or modifying any of the special rights or privileges attached to the preference shares.

The shareholders' funds are divided between the members as to cumulative preference shares £200 (2024: £200) and ordinary shares £1,621,142 (2024: £1,626,129)

8. Reserves

Other reserves are non-distributable reserves relating to investment property valuation.

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