Steepleview Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI073363

Steepleview Properties Limited

Filleted Unaudited Financial Statements

28 August 2025

Steepleview Properties Limited

Statement of Financial Position

28 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6	41,407	2,861
Investments	7	3	3
		--------	-------
		41,410	2,864

Current assets

Debtors	8	225,184	278,975
Cash at bank and in hand		4,080	66,686
		---------	---------
		229,264	345,661

Creditors: amounts falling due within one year	9	46,133		104,683
		---------		---------
Net current assets			183,131	240,978
			---------	---------
Total assets less current liabilities			224,541	243,842

Creditors: amounts falling due after more than one year	10		–	8,292

Provisions

Taxation including deferred tax	10,352	201
	---------	---------
Net assets	214,189	235,349
	---------	---------

Capital and reserves

Called up share capital	11	3	3
Profit and loss account		214,186	235,346
		---------	---------
Shareholders funds		214,189	235,349
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 August 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Steepleview Properties Limited

Statement of Financial Position (continued)

28 August 2025

These financial statements were approved by the board of directors and authorised for issue on 30 April 2026 , and are signed on behalf of the board by:

Mr A Johnston
Director

Company registration number: NI073363

Steepleview Properties Limited

Notes to the Financial Statements

Year ended 28 August 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 2 Grove Road, Nutts Corner, Crumlin, County Antrim, BT29 4YY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% straight line
Office equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	80,000	80,000
	--------	--------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 29 August 2024	–	10,889	10,889
Additions	46,200	1,565	47,765
	--------	--------	--------
At 28 August 2025	46,200	12,454	58,654
	--------	--------	--------
Depreciation
At 29 August 2024	–	8,028	8,028
Charge for the year	7,700	1,519	9,219
	--------	--------	--------
At 28 August 2025	7,700	9,547	17,247
	--------	--------	--------
Carrying amount
At 28 August 2025	38,500	2,907	41,407
	--------	--------	--------
At 28 August 2024	–	2,861	2,861
	--------	--------	--------

7. Investments

	Other investments other than loans
	£
Cost
At 29 August 2024 and 28 August 2025	3
	----
Impairment
At 29 August 2024 and 28 August 2025	–
	----

Carrying amount
At 28 August 2025	3
	----
At 28 August 2024	3
	----

8. Debtors

	2025	2024
	£	£
Trade debtors	12,000	2,651
Amounts owed by group and related undertakings	135,209	127,109
Other debtors	77,975	149,215
	---------	---------
	225,184	278,975
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,293	9,969
Trade creditors	3,357	52
Amounts owed to group and related undertakings	2,345	6,510
Corporation tax	15,427	71,421
Social security and other taxes	12,609	13,586
Other creditors	4,102	3,145
	--------	---------
	46,133	104,683
	--------	---------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	8,292
	----	-------

11. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	3	3	3	3
	----	----	----	----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	3	3	3	3
	----	----	----	----

12. Director's advances, credits and guarantees

During the year the director repaid net loans to the company of £24,092 (2024: £23,840). At the balance sheet date £852 remained owing to the director from the company (2024: £23,240 owed to the company by the director).

13. Related party transactions

The company was under the control of Mr A Johnston throughout the current year and previous year. Mr Johnston is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.