| Steggles Property Limited |
| Registered number: |
04328566 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,296,213 |
|
|
2,439,951 |
|
| Current assets |
| Cash at bank and in hand |
|
|
13,689 |
|
|
10,471 |
|
| Creditors: amounts falling due within one year |
4 |
|
(494,796) |
|
|
(469,956) |
|
| Net current liabilities |
|
|
|
(481,107) |
|
|
(459,485) |
|
| Total assets less current liabilities |
|
|
|
1,815,106 |
|
|
1,980,466 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(1,063,024) |
|
|
(1,291,754) |
|
| Provisions for liabilities |
|
|
|
(39,500) |
|
|
(39,500) |
|
|
| Net assets |
|
|
|
712,582 |
|
|
649,212 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
20 |
|
|
20 |
| Fair value reserve |
|
|
|
548,104 |
|
|
605,795 |
| Profit and loss account |
|
|
|
164,458 |
|
|
43,397 |
|
| Shareholders' funds |
|
|
|
712,582 |
|
|
649,212 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| M Steggles |
| Director |
| Approved by the board on 9 December 2025 |
|
| Steggles Property Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover comprises rents receivable from the letting of company properties, such income recognised as arising. |
|
|
Tangible fixed assets / fair value reserve |
|
Tangible fixed assets are comprised substantively of investment properties which are held to earn both rental income and capital appreciation. These properties are not subject to depreciation but, instead, an annual review of their market valuation. Deferred taxation is recognised on the excess of valuation over cost and the net amount is disclosed within the fair value reserve, separately from retained profits as the valuation gains are unrealised and therefore non-distributible. |
|
|
Taxation |
|
Taxation balances are recognised where a) a current tax liability (or asset) exists in respect of tax payable (or recoverable) on the taxable profit of the current and past periods, and b) a deferred tax liability exists in respect of either timing differences between the recognition of income and expenses in the accounts and their assessment for taxation purposes or increased valuation of tangible fixed assets. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 May 2024 |
2,385,000 |
|
4,600 |
|
73,010 |
|
2,462,610 |
|
Disposals |
(130,000) |
|
- |
|
- |
|
(130,000) |
|
At 30 April 2025 |
2,255,000 |
|
4,600 |
|
73,010 |
|
2,332,610 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2024 |
- |
|
3,281 |
|
19,378 |
|
22,659 |
|
Charge for the year |
- |
|
330 |
|
13,408 |
|
13,738 |
|
At 30 April 2025 |
- |
|
3,611 |
|
32,786 |
|
36,397 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
2,255,000 |
|
989 |
|
40,224 |
|
2,296,213 |
|
At 30 April 2024 |
2,385,000 |
|
1,319 |
|
53,632 |
|
2,439,951 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
1,667,396 |
|
1,739,705 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
1,667,396 |
|
1,739,705 |
|
Investment properties were professionally revalued in 2020 and the directors do not consider that there has been material movement since. It is not considered practicable to calculate a notional depreciation figure based on historical cost. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
44,693 |
|
40,660 |
|
Obligations under finance lease and hire purchase contracts |
11,107 |
|
9,653 |
|
Loan from directors |
412,610 |
|
375,659 |
|
Taxation and social security costs |
4,410 |
|
- |
|
Other creditors |
21,976 |
|
43,984 |
|
|
|
|
|
|
494,796 |
|
469,956 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,026,400 |
|
1,244,021 |
|
Obligations under finance lease and hire purchase contracts |
36,624 |
|
47,733 |
|
|
|
|
|
|
1,063,024 |
|
1,291,754 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
831,600 |
|
1,059,700 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank and hire purchase loans |
1,111,324 |
|
1,329,572 |
|
|
|
|
|
|
|
|
|
|
Loans are secured upon company assets.
|
|
|
| 7 |
Related party transactions |
|
|
The directors have lent money to the company interest-free and without other terms attaching. The amounts owed to the directors at the balance sheet dates are disclosed within Creditors.
|
|
|
| 8 |
Other information |
|
|
Steggles Property Limited is a private company limited by shares and incorporated in England and Wales. The company is controlled by the directors where acting jointly and its registered office is situated at Cedar Hall, The Green, Gresford, Wrexham, LL12 8RG. |