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REGISTERED NUMBER: SC408719 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Curle Stewart Limited

Curle Stewart Limited (Registered number: SC408719)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Curle Stewart Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: P Curle
Mrs E Curle
Mrs M L Breen
B G Finlayson
Ms L M McArthur





REGISTERED OFFICE: 189 St. Vincent Street
Glasgow
G2 5QD





REGISTERED NUMBER: SC408719 (Scotland)





ACCOUNTANTS: McDougall Johnstone
280a St Vincent Street
Glasgow
G2 5RL

Curle Stewart Limited (Registered number: SC408719)

Abridged Balance Sheet
31 December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 478,343 475,304
Investment property 6 604,924 387,360
1,083,267 862,664

CURRENT ASSETS
Stocks 75,300 69,400
Debtors 254,095 453,823
Cash at bank and in hand 990,122 527,471
1,319,517 1,050,694
CREDITORS
Amounts falling due within one year (1,916,450 ) (1,346,288 )
NET CURRENT LIABILITIES (596,933 ) (295,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,334

567,070

CREDITORS
Amounts falling due after more than one year (43,006 ) (73,738 )

PROVISIONS FOR LIABILITIES (39,287 ) (43,328 )
NET ASSETS 404,041 450,004

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 403,941 449,904
404,041 450,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Curle Stewart Limited (Registered number: SC408719)

Abridged Balance Sheet - continued
31 December 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2023 and were signed on its behalf by:





P Curle - Director


Curle Stewart Limited (Registered number: SC408719)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Curle Stewart Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Work in progress
Work in progress is stated at the lower of cost and net realisable value, and relates to recoverable time on clients affairs that have not been billed at the year end.

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.

Curle Stewart Limited (Registered number: SC408719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2021 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 60,000
Disposals (60,000 )
At 31 December 2022 -
AMORTISATION
At 1 January 2022 60,000
Eliminated on disposal (60,000 )
At 31 December 2022 -
NET BOOK VALUE

At 31 December 2022 -
At 31 December 2021 -

Curle Stewart Limited (Registered number: SC408719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 815,819
Additions 119,607
At 31 December 2022 935,426
DEPRECIATION
At 1 January 2022 340,515
Charge for year 116,568
At 31 December 2022 457,083
NET BOOK VALUE
At 31 December 2022 478,343
At 31 December 2021 475,304

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2022
and 31 December 2022 165,004
DEPRECIATION
At 1 January 2022 65,565
Charge for year 24,750
At 31 December 2022 90,315
NET BOOK VALUE
At 31 December 2022 74,689
At 31 December 2021 99,439

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 387,360
Additions 217,564
At 31 December 2022 604,924
NET BOOK VALUE
At 31 December 2022 604,924
At 31 December 2021 387,360

Curle Stewart Limited (Registered number: SC408719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. RELATED PARTY DISCLOSURES

Rent of £84,481 (2021: £75,395) has been charged to Curle Stewart Limited by Curle Properties of which P Curle and E Curle are also directors and shareholders of the company.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.