REGISTERED NUMBER: 12374859 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stem NE Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Manson

REGISTERED OFFICE:

29 Plough Grange

Middlesbrough

TS5 8FQ

REGISTERED NUMBER:

12374859 (England and Wales)

ACCOUNTANTS:

APC Accountancy

Chartered Accountants

73 Gilkes Street

Middlesbrough

TS1 5EH

CURRENT ASSETS

Debtors

4

21,562

9,114

Cash at bank

-

4

21,562

9,118

CREDITORS

Amounts falling due within one year

5

9,035

4,059

NET CURRENT ASSETS

12,527

5,059

TOTAL ASSETS LESS CURRENT LIABILITIES

12,527

5,059

CREDITORS

Amounts falling due after more than one year

6

1,446

5,233

NET ASSETS/(LIABILITIES)

11,081

(174

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

11,079

(176

)

11,081

(174

)

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 director acknowledges his 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 director and authorised for issue on 22 December 2025 and were signed by:

S Manson - Director

1.	STATUTORY INFORMATION

Stem NE Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual

provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

21,562

9,114

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,139

4,059

Taxation and social security

3,450

-

Other creditors

1,446

-

9,035

4,059

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,446

5,233

7.	RELATED PARTY DISCLOSURES

As at 31st March 2025 the company owed its director £488. (2024: The director owed its company £9,114)

S Manson is also a director of Stoneworks North East Limited and Bespoke Timber Creations (NE) Ltd.

As at 31st March 2025 the company owed Stoneworks North East Limited £21,562 (2024: £Nil)

There were no transactions during the year between Stoneworks North East Limited and Besepoke Timber Creations (NE) Ltd.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S Manson.