4 Christmas Steps Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11046791 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

4 Christmas Steps Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A J Hope

M Li

REGISTERED OFFICE:

Hope Chapel House

Hope Chapel Hill

Clifton

Bristol

BS8 4ND

REGISTERED NUMBER:

11046791 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

96

128

Investment property

5

600,000

600,096

600,128

CURRENT ASSETS

Debtors

6

397

271

Cash at bank

7

32,428

16,041

32,825

16,312

CREDITORS

Amounts falling due within one year

8

176,921

167,875

NET CURRENT LIABILITIES

(144,096

)

(151,563

)

TOTAL ASSETS LESS CURRENT LIABILITIES

456,000

448,565

CREDITORS

Amounts falling due after more than one year

9

(211,000

)

(214,000

)

PROVISIONS FOR LIABILITIES

(47,525

)

(47,531

)

NET ASSETS

197,475

187,034

CAPITAL AND RESERVES

Called up share capital

11

2

Fair value reserve

12

145,259

-

Retained earnings

12

52,214

187,032

SHAREHOLDERS' FUNDS

197,475

187,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2026 and were signed on its behalf by:

M A J Hope - Director

1.	STATUTORY INFORMATION

4 Christmas Steps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Turnover

Turnover represents rental income receivable from the letting of the company's investment property during the year. Rental income is recognised on a straight-line basis over the period of the tenancy agreements and is stated exclusive of value added tax.

All turnover arose from property rental activities within the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is initially recognised at cost and subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss.

Financial instruments

The company applies Section 11 "Basic Financial Instruments". Financial assets and liabilities are recognised at transaction price and subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position and are satisfied that it will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2025

and 31st March 2026

354

DEPRECIATION

At 1st April 2025

226

Charge for year

32

At 31st March 2026

258

NET BOOK VALUE

At 31st March 2026

96

At 31st March 2025

128

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

and 31st March 2026

600,000

NET BOOK VALUE

At 31st March 2026

600,000

At 31st March 2025

600,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2024

192,784

Cost

407,216

600,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

407,216

Investment properties were valued on an open market basis on 31st March 2026 by the directors of the company .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Prepayments

397

271

7.	CASH AT BANK

31.3.26

31.3.25

£

Bank account no. 1

1,847

15,940

Bank account no. 2

30,481

-

Bank account no. 3

100

101

32,428

16,041

Cash and cash equivalents comprise cash at bank and in hand and short-term deposits with an original maturity of three months or less.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

4,000

Tax

2,455

525

Security deposit held

6,000

-

Directors' current accounts

157,649

157,926

Deferred income

5,615

4,371

Accrued expenses

1,202

1,053

176,921

167,875

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans - 1-2 years

4,000

Bank loans - 2-5 years

207,000

210,000

211,000

214,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

215,000

218,000

The bank loan is secured against the investment properties held by the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

2

Ordinary

£2

2

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1st April 2025

187,032

-

187,032

Profit for the year

10,441

Assets revalued in period

(145,259

)

145,259

-

At 31st March 2026

52,214

145,259

197,473

13.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the balance sheet date.

14.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had no capital or other financial commitments.

15.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Director’s loan account: At the year end, the company owed £157,649 to the directors (2025: £157,926). The balance is unsecured, interest-free and repayable on demand.

16.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure or adjustment to the financial statements.