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Registration number: 03829590

STE&M Developments Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Pages for filing with Registrar

STE&M Developments Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

STE&M Developments Ltd

Company Information

Directors | T T Bamford J M Gee

Registered office | 2 Fernbank Road Bristol BS6 6PZ

Registered number | 03829590

Accountant | Corrigan Accountants Limited 1st Floor 25 King Street Bristol BS1 4PB

STE&M Developments Ltd

(Registration number: 03829590)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 6,309 | 6,438
Investment property | 6 | 830,000 | 790,000
|  | 836,309 | 796,438
Current assets |  |  |
Debtors | 7 | - | 1,927
Cash at bank and in hand |  | 134 | 4,120
|  | 134 | 6,047
Creditors: Amounts falling due within one year | 8 | (54,117) | (52,997)
Net current liabilities |  | (53,983) | (46,950)
Total assets less current liabilities |  | 782,326 | 749,488
Provisions for liabilities |  | (75,500) | (70,500)
Net assets |  | 706,826 | 678,988
Capital and reserves |  |  |
Called up share capital |  | 4 | 4
Other reserves |  | 346,413 | 306,413
Profit and loss account |  | 360,409 | 372,571
Total equity |  | 706,826 | 678,988

STE&M Developments Ltd

(Registration number: 03829590)
Balance Sheet as at 31 August 2025

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

Directors' 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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:

T T Bamford Director |  |

STE&M Developments Ltd

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

1 | Statutory information

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

The address of its registered office is:
2 Fernbank Road
Bristol
BS6 6PZ
England

2 | Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in compliance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover represents rents receivable under operating leases on an accruals basis.

Tax

The tax credit for the period comprises deferred 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 credit 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.

STE&M Developments Ltd

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

Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Plant and machinery | 15% reducing balance
Furniture and fittings | 15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Trade creditors

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3 | Staff numbers

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

STE&M Developments Ltd

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

4 | Taxation

Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Revaluation of investment property | 75,500
| 75,500

2024 | Liability £
Revaluation of investment property | 70,500
| 70,500

STE&M Developments Ltd

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

5 | Tangible fixed assets

| Furniture, fittings and equipment £ | Other property, plant and equipment £ | Total £
Cost
At 1 September 2024 | 22,361 | 17,064 | 39,425
Additions | - | 897 | 897
At 31 August 2025 | 22,361 | 17,961 | 40,322
Depreciation
At 1 September 2024 | 20,177 | 12,810 | 32,987
Charge for the year | 328 | 698 | 1,026
At 31 August 2025 | 20,505 | 13,508 | 34,013
Carrying amount
At 31 August 2025 | 1,856 | 4,453 | 6,309
At 31 August 2024 | 2,184 | 4,254 | 6,438

6 | Investment properties

| 2025 £
At 1 September | 790,000
Fair value adjustments | 40,000
At 31 August | 830,000

Investment property is carried at fair value, determined by the directors with reference to the condition and location of the property, as well as current, observable market prices. There has been no valuation of investment property by an independent valuer.

STE&M Developments Ltd

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

7 | Debtors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Directors' loan accounts | 10 | - | 1,927
|  | - | 1,927

8 | Creditors

| Note | 2025 £ | 2024 £
Corporation tax |  | - | 49,597
Other creditors |  | - | 600
Accruals and deferred income |  | 3,525 | 2,800
Directors' loan accounts | 10 | 50,592 | -
|  | 54,117 | 52,997

The directors' loan accounts are unsecured, interest free and repayable on demand.

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 4 | 4 | 4 | 4

STE&M Developments Ltd

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

10 | Related party transactions

Transactions with directors

2025 | At 1 September 2024 £ | Advances to director £ | Repayments by director £ | At 31 August 2025 £
Director | (279) | 5,000 | (31,122) | (26,401)
Director | 2,206 | 887 | (27,284) | (24,191)

| At 1 September 2023 | Advances to director | Repayments by director | At 31 August 2024
2024 | £ | £ | £ | £
Director | (78,355) | 84,333 | (6,257) | (279)
Director | (45,694) | 51,900 | (4,000) | 2,206