REGISTERED NUMBER: 09867867 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Steven Green Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Green

Miss G L Sharples

REGISTERED OFFICE:

Seagreen

Turner Street

Redcar

TS10 1AZ

REGISTERED NUMBER:

09867867 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Investments

4

67

67

Investment property

5

340,000

340,000

340,067

340,067

CURRENT ASSETS

Debtors

6

2,314

13,393

Cash at bank

37,272

4,368

39,586

17,761

CREDITORS

Amounts falling due within one year

7

124,915

136,595

NET CURRENT LIABILITIES

(85,329

)

(118,834

)

TOTAL ASSETS LESS CURRENT LIABILITIES

254,738

221,233

CREDITORS

Amounts falling due after more than one year

8

(234,511

)

(194,765

)

PROVISIONS FOR LIABILITIES

(2,200

)

(3,400

)

NET ASSETS

18,027

23,068

CAPITAL AND RESERVES

Called up share capital

10

100

100

Non-distributable reserve

11

74,893

73,693

Retained earnings

(56,966

)

(50,725

)

SHAREHOLDERS' FUNDS

18,027

23,068

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 Income Statement 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:

S J Green - Director

1.	STATUTORY INFORMATION

Steven Green Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

Although the company had net current liabilities of £85,329 as at 31 March 2025, these financial statements have been prepared on a going concern basis. The directors are of the opinion that future trading results will be sufficient to enable the company to continue in operation for the foreseeable future. The directors will provide additional financial support to the company if required.

These financial statements do not include any adjustments that would result should the company not continue to trade.

Preparation of consolidated financial statements

The financial statements contain information about Steven Green Developments 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.

Turnover

Turnover represents income from rental properties.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

67

NET BOOK VALUE

At 31 March 2025

67

At 31 March 2024

67

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

340,000

NET BOOK VALUE

At 31 March 2025

340,000

At 31 March 2024

340,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

54,309

Valuation in 2018

(7,215

)

Valuation in 2021

30,000

Cost

262,906

340,000

At 31 March 2025 the investment properties were valued on an open market basis at £340,000 by Mr S Green, a director. Whilst Mr S Green is not a professional valuer he has over 25 years experience in the construction industry and has multiple industry-specific accreditations and qualifications. He has 15 years experience in property investment, development and conversions and alongside creating a portfolio of investment properties across multiple companies has overseen the turn-around of over 25 profitable property transactions. In addition he is an experienced and compliant deal sourcer.

The company's other director, Ms G Sharples, has a BA Hons in teaching and is CeMAP Level 3 qualified in mortgage advice. She has 15 years experience in property investment, development and conversions and in addition, currently manages a lettings and deal sourcing agency.

In combination the directors owns property investment businesses with a current market value in the region of £5,000,000.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,314

13,393

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,402

4,453

Amounts owed to group undertakings

113,154

122,265

Other creditors

10,359

9,877

124,915

136,595

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

234,511

194,765

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after more than

5 years by instalments

228,903

175,594

228,903

175,594

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

235,913

199,218

The loans are secured by a fixed and floating charge over the investment properties.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Non-distributable

reserve

£

At 1 April 2024

73,693

Deferred tax on fair value

adjustment

1,200

At 31 March 2025

74,893