REGISTERED NUMBER: 01045607 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STEEPLETONE PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M A Tyler

Mrs K A Tyler

SECRETARY:

Mrs K A Tyler

REGISTERED OFFICE:

Park End Works

Croughton, Nr Brackley

Northamptonshire

NN13 5RD

REGISTERED NUMBER:

01045607 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Tangible assets

4

321,535

328,889

Investments

5

85

85

321,620

328,974

CURRENT ASSETS

Debtors

6

908,337

912,380

Cash at bank

663,962

653,732

1,572,299

1,566,112

CREDITORS

Amounts falling due within one year

7

(5,253

)

(2,659

)

NET CURRENT ASSETS

1,567,046

1,563,453

TOTAL ASSETS LESS CURRENT LIABILITIES

1,888,666

1,892,427

CAPITAL AND RESERVES

Called up share capital

750

750

Revaluation reserve

8

68,560

68,560

Other reserves

250

250

Retained earnings

1,819,106

1,822,867

1,888,666

1,892,427

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr M A Tyler - Director

1.	STATUTORY INFORMATION

Steepletone Products Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Park End Works, Croughton Nr Brackley, Northampton, NN13 5RD and the registered number is 01045607.

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 except as modified by the revaluation of certain fixed assets.

The financial statements are presented in Sterling (£) and amounts are rounded to the nearest £1.

Preparation of consolidated financial statements

The financial statements contain information about Steepletone Products Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings freehold

2% on valuation (building only)

Investments in subsidiaries

Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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 payments discounted at a market rate of interest.

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

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

land &

buildings

£

COST

At 1 April 2024

and 31 March 2025

522,939

DEPRECIATION

At 1 April 2024

194,050

Charge for year

7,354

At 31 March 2025

201,404

NET BOOK VALUE

At 31 March 2025

321,535

At 31 March 2024

328,889

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

85

NET BOOK VALUE

At 31 March 2025

85

At 31 March 2024

85

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

894,479

894,948

Other debtors

3,575

-

898,054

894,948

Amounts falling due after more than one year:

Other debtors

10,283

17,432

Aggregate amounts

908,337

912,380

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,190

-

Tax

843

469

Accruals and deferred income

2,220

2,190

5,253

2,659

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

68,560