REGISTERED NUMBER: 05076470 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STEAMIN' BILLY (PROPERTY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Lount

Mr WCB Allingham

Mr K W Allingham

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

05076470 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

1,500,000

CURRENT ASSETS

Debtors

5

1,816,880

914,601

Cash at bank

9

65

1,816,889

914,666

CREDITORS

Amounts falling due within one year

6

272,263

565,986

NET CURRENT ASSETS

1,544,626

348,680

TOTAL ASSETS LESS CURRENT LIABILITIES

1,544,626

1,848,680

CREDITORS

Amounts falling due after more than one year

7

(27,191

)

(27,191

)

PROVISIONS FOR LIABILITIES

-

(147,488

)

NET ASSETS

1,517,435

1,674,001

CAPITAL AND RESERVES

Called up share capital

6

6

Revaluation reserve

-

179,835

Retained earnings

1,517,429

1,494,160

SHAREHOLDERS' FUNDS

1,517,435

1,674,001

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:

Mr WCB Allingham - Director

1.	STATUTORY INFORMATION

Steamin' Billy (Property) 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Steamin' Billy (Property) 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in the income statement.

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.

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

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2024

1,500,000

Disposals

(1,500,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1,500,000

The directors have reviewed the depreciation policy in respect of freehold land and buildings and have determined that:

1. It is not possible to separately identify the cost or valuation of land from the remainder of the cost or valuation of freehold properties; and

2. It is not possible to break down the cost or valuation of freehold properties into their individual components and as a result have decided to apply a uniform depreciation rate for all properties.

Cost or valuation at 31 March 2025 is represented by:

Freehold

property

£

Valuation in 2024

1,500,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

794,684

794,684

Aggregate depreciation

138,385

138,385

Freehold land and buildings were valued by Christie & Co in March 2023 on an open market basis.

This valuation of freehold land and buildings was deemed to include all landlord's fixtures and fittings. Accordingly to arrive at the revaluation surplus arising the carrying value of fixtures and fittings have been eliminated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,816,880

714,401

Other debtors

-

200,200

1,816,880

914,601

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

310,077

Trade creditors

-

5,141

Amounts owed to group undertakings

134,750

110,750

Taxation and social security

114,413

117,068

Other creditors

23,100

22,950

272,263

565,986

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

27,191

27,191

The other loans are unsecured and bear interest at an annual rate of 8 per cent. These loans are repayable by equal instalments of £10,000. Interest is paid quarterly in arrears and net of income tax to the provider.

The directors loan accounts are unsecured and bear interest at an annual rate of 8 per cent. These loans are repayable by equal annual instalments of £10,000. Interest is paid quarterly in arrears and net of income tax to the provider.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

310,077

The bank loan of the company is secured by a fixed and floating charge over company's assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr WCB Allingham

Balance outstanding at start of year

60,000

-

Amounts advanced

-

160,000

Amounts repaid

(60,000

)

(100,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

60,000