Company registration number 15798933 (England and Wales)
STEADFAST (GREAT NORTHERN) GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
STEADFAST (GREAT NORTHERN) GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
STEADFAST (GREAT NORTHERN) GROUP LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investments
3
1,381,679
Current assets
Debtors
4
9,436
Cash at bank and in hand
93,710
103,146
Creditors: amounts falling due within one year
5
(351,319)
Net current liabilities
(248,173)
Total assets less current liabilities
1,133,506
Creditors: amounts falling due after more than one year
6
(238,800)
Net assets
894,706
Capital and reserves
Called up share capital
7
80
Profit and loss reserves
894,626
Total equity
894,706

For the financial period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 March 2026 and are signed on its behalf by:
M H Stevenson
Director
Company registration number 15798933 (England and Wales)
STEADFAST (GREAT NORTHERN) GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

Steadfast (Great Northern) Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Great Northern Works, Furnace Road, Oakenshaw, Bradford, West Yorkshire, England, BB12 7BH.

1.1
Reporting period

After being incorporated on 26 June 2024 management changed the default year-end to 31 October 2025 to align with the company's subsidiaries. It is noted that the current period therefore is more than a year for the purpose of future comparatives.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

STEADFAST (GREAT NORTHERN) GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

STEADFAST (GREAT NORTHERN) GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9

Dividends recievable

Dividends receivable from subsidiary undertakings are recognised in the profit and loss when the company's right to receive payment is established, provided that it is probable that the economic benefits will flow to the company, and the amount can be measured reliably. Dividends are measured at the fair value of the consideration receivable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
4
3
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
1,381,679
STEADFAST (GREAT NORTHERN) GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
3
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 24 June 2024
-
Additions
1,381,679
At 31 October 2025
1,381,679
Carrying amount
At 31 October 2025
1,381,679
4
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
(1)
Other debtors
9,437
9,436
5
Creditors: amounts falling due within one year
2025
£
Taxation and social security
4,242
Other creditors
347,077
351,319
6
Creditors: amounts falling due after more than one year
2025
£
Other creditors
238,800
STEADFAST (GREAT NORTHERN) GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 6 -
7
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
40
40
Ordinary A shares of £1 each
10
10
Ordinary B shares of £1 each
10
10
Ordinary C shares of £1 each
10
10
Ordinary D shares of £1 each
10
10
80
80

The ordinary shares carry rights of one vote per share and rights to distribution of capital in the event of a sale or a winding up. The ordinary A, B, C and D shares carry no voting rights and no right to distribution of capital in the event of a sale or a winding up. The shares rank pari passu in respect of dividends.

All shares have been issued and fully paid.

8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
G Mortimer
-
-
175,000
(165,563)
9,437
-
175,000
(165,563)
9,437
2025-10-31 2024-06-24 false false false 24 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity R W Brown S D Greenwood G Mortimer M H Stevenson 15798933 2024-06-24 2025-10-31 15798933 2025-10-31 15798933 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 15798933 core:Non-currentFinancialInstruments core:AfterOneYear 2025-10-31 15798933 core:CurrentFinancialInstruments 2025-10-31 15798933 core:ShareCapital 2025-10-31 15798933 core:RetainedEarningsAccumulatedLosses 2025-10-31 15798933 core:ShareCapitalOrdinaryShareClass1 2025-10-31 15798933 core:ShareCapitalOrdinaryShareClass2 2025-10-31 15798933 core:ShareCapitalOrdinaryShareClass3 2025-10-31 15798933 core:ShareCapitalOrdinaryShareClass4 2025-10-31 15798933 core:ShareCapitalOrdinaryShareClass5 2025-10-31 15798933 core:ShareCapitalOrdinaryShares 2025-10-31 15798933 bus:Director4 2024-06-24 2025-10-31 15798933 core:Non-currentFinancialInstruments 2025-10-31 15798933 bus:OrdinaryShareClass1 2024-06-24 2025-10-31 15798933 bus:OrdinaryShareClass2 2024-06-24 2025-10-31 15798933 bus:OrdinaryShareClass3 2024-06-24 2025-10-31 15798933 bus:OrdinaryShareClass4 2024-06-24 2025-10-31 15798933 bus:OrdinaryShareClass5 2024-06-24 2025-10-31 15798933 bus:OrdinaryShareClass1 2025-10-31 15798933 bus:OrdinaryShareClass2 2025-10-31 15798933 bus:OrdinaryShareClass3 2025-10-31 15798933 bus:OrdinaryShareClass4 2025-10-31 15798933 bus:OrdinaryShareClass5 2025-10-31 15798933 bus:AllOrdinaryShares 2025-10-31 15798933 bus:PrivateLimitedCompanyLtd 2024-06-24 2025-10-31 15798933 bus:SmallCompaniesRegimeForAccounts 2024-06-24 2025-10-31 15798933 bus:FRS102 2024-06-24 2025-10-31 15798933 bus:AuditExemptWithAccountantsReport 2024-06-24 2025-10-31 15798933 bus:Director1 2024-06-24 2025-10-31 15798933 bus:Director2 2024-06-24 2025-10-31 15798933 bus:Director3 2024-06-24 2025-10-31 15798933 bus:FullAccounts 2024-06-24 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP