Company Registration No. 08223248 (England and Wales)
Step 6 Ltd
Unaudited accounts
for the period from 1 April 2024 to 31 January 2025
Step 6 Ltd
Unaudited accounts
Contents
Step 6 Ltd
Statement of financial position
as at 31 January 2025
Investment property
8,133,740
8,105,970
Inventories
534,881
506,329
Cash at bank and in hand
559,641
599,131
Creditors: amounts falling due within one year
(55,380)
(41,550)
Net current assets
1,401,504
1,428,567
Total assets less current liabilities
9,535,244
9,534,537
Creditors: amounts falling due after more than one year
(2,348,392)
(2,347,685)
Provisions for liabilities
Deferred tax
(1,793,718)
(1,793,718)
Net assets
5,393,134
5,393,134
Called up share capital
1
1
Profit and loss account
5,393,133
5,393,133
Shareholders' funds
5,393,134
5,393,134
For the period ending 31 January 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 December 2025 and were signed on its behalf by
R D Assirati
Director
Company Registration No. 08223248
Step 6 Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 January 2025
Step 6 Ltd is a private company, limited by shares, registered in England and Wales, registration number 08223248. The registered office is HALL FARM, BABINGLEY, KING'S LYNN, NORFOLK, PE31 6AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
8,105,970
At 31 January 2025
8,133,740
The 2023 Valuations were made by the director, on an open market vlaue for existing use basis.
If the Investment properties had been accounted fro under the historic cost accounting rules, the properties would have been measured at £881,097 (2022 £881,097)
Step 6 Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 January 2025
Amounts falling due within one year
Accrued income and prepayments
134
-
Other debtors
361,121
361,121
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
73
73
Other creditors
25,896
24,832
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
2,348,392
2,347,685
8
Transactions with related parties
At 31 January 2025 the company owed £25,896 to the director (2024 - £26,126) which is repayable on demand and interest free.
Included within creditors is £2,348,392 (2024- £2,346,392) owed to a company under common control and is interest free.
Included within other debtors is £361,121 (2024- £361,121) owed by a company under common control and is interest free.
9
Average number of employees
During the period the average number of employees was 1 (2024: 1).