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Registration number: 09625620

Steele Family Property Management Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Steele Family Property Management Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Steele Family Property Management Limited

Company Information

Director | Mrs Marie Steele

Registered office | 2 Prince Henrys Close Evesham Worcestershire United Kingdom WR11 4NW

Accountants | Clement Rabjohns Limited Chartered Accountants111/113 High Street Evesham Worcestershire WR11 4XP

Steele Family Property Management Limited

(Registration number: 09625620)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 5 | 122,235 | 102,031
Cash at bank and in hand |  | 6,928 | 12,159
|  | 129,163 | 114,190
Creditors: Amounts falling due within one year | 6 | (96,796) | (82,142)
Total assets less current liabilities |  | 32,367 | 32,048
Creditors: Amounts falling due after more than one year | 6 | (20,739) | (20,527)
Net assets |  | 11,628 | 11,521
Capital and reserves |  |  |
Called up share capital |  | 300 | 300
Retained earnings |  | 11,328 | 11,221
Shareholders' funds |  | 11,628 | 11,521

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2026

......................................... Mrs Marie Steele Director

Steele Family Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Prince Henrys Close
Evesham
Worcestershire
WR11 4NW
United Kingdom

These financial statements were authorised for issue by the director on 19 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of property management services in the ordinary course of the company’s activities. Management fees are raised annually for all work undertaken in the prior year and tenant fees are raised upon completion of the service provided.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Steele Family Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33.3% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Steele Family Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 2,188 | 2,188
At 31 March 2025 | 2,188 | 2,188
Depreciation
At 1 April 2024 | 2,188 | 2,188
At 31 March 2025 | 2,188 | 2,188
Carrying amount
At 31 March 2025 | - | -
At 31 March 2024 | - | -

5 | Debtors

| Note | 2025 £ | 2024 £
Other debtors |  | 100,735 | 92,013
Prepayments |  | 21,500 | 10,000
Income tax asset |  | - | 18
|  | 122,235 | 102,031

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 10,000 | 10,000
Taxation and social security |  | 998 | -
Accruals and deferred income |  | 85,798 | 72,142
|  | 96,796 | 82,142

Steele Family Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 20,739 | 20,527