REGISTERED NUMBER: 07434685 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

STEEPGRASS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Clark

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

NG24 1AX

REGISTERED NUMBER:

07434685 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

48,446

46,740

CURRENT ASSETS

Debtors

5

45,039

27,938

Cash at bank

20,488

61,217

65,527

89,155

CREDITORS

Amounts falling due within one year

6

104,713

106,661

NET CURRENT LIABILITIES

(39,186

)

(17,506

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,260

29,234

PROVISIONS FOR LIABILITIES

7

9,205

11,685

NET ASSETS

55

17,549

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

54

17,548

SHAREHOLDERS' FUNDS

55

17,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2026 and were signed by:

C Clark - Director

1.	STATUTORY INFORMATION

Steepgrass Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st December 2024

143,366

58,587

201,953

Additions

11,281

956

12,237

At 30th November 2025

154,647

59,543

214,190

DEPRECIATION

At 1st December 2024

113,746

41,467

155,213

Charge for year

6,980

3,551

10,531

At 30th November 2025

120,726

45,018

165,744

NET BOOK VALUE

At 30th November 2025

33,921

14,525

48,446

At 30th November 2024

29,620

17,120

46,740

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

28,595

11,319

Other debtors

70

-

Accrued income

12,019

15,666

Prepayments

4,355

953

45,039

27,938

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade creditors

4,560

21,612

Tax

7,092

11,298

Social security and other taxes

189

79

VAT

5,756

7,084

Other creditors

62,023

44,492

Directors' current accounts

20,809

316

Accrued expenses

4,284

21,780

104,713

106,661

7.	PROVISIONS FOR LIABILITIES

30/11/25

30/11/24

£

£

Deferred tax

9,205

11,685

Deferred

tax

£

Balance at 1st December 2024

11,685

Accelerated capital allowances

(2,480

)

Balance at 30th November 2025

9,205

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/25

30/11/24

value:

£

£

1

Ordinary

£1

1

1