ACCOUNTS - Final Accounts

Registered number: 04447365

STEPCOTT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

STEPCOTT LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 4

STEPCOTT LIMITED

REGISTERED NUMBER: 04447365

BALANCE SHEET

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets		488,597		488,597
		488,597		488,597
Current assets
Cash at bank and in hand	6,316		74,896
	6,316		74,896
Creditors: amounts falling due within one year	(11,265)		(10,677)
Net current (liabilities)/assets		(4,949)		64,219
Total assets less current liabilities		483,648		552,816
Creditors: amounts falling due after more than one year		(272,632)		(344,885)

Net assets		211,016		207,931

Capital and reserves
Called up share capital	140,000	140,000
Profit and loss account	71,016	67,931
	211,016	207,931

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

STEPCOTT LIMITED

REGISTERED NUMBER: 04447365

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr D A S Stephens

Director

Date: 28 December 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2

STEPCOTT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Stepcott Limited is a private limited company incorporated in the United Kingdom. The registered office is Ground Floor, 45 Pall Mall, St. James's, London, SW1Y 5JG.

The principal activity of the company during the year under review was ownership, and management of properties for the purpose of generating rental income.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

The company's turnover represent gross rents receivable which are accounted for on an accruals basis.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

STEPCOTT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

S/Term Leasehold Property

nil %

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees including directors during the year was as follows:

	2025	2024
	No.	No.

Directors	3	3

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