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Registered Number: SC689495
Scotland

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 28 February 2023

for

STEMM PROPERTY LTD.

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 149,696  71,674 
Current assets 3,285  5,128 
Creditors: amount falling due within one year (46,023) (25,458)
Net current assets (42,738) (20,330)
Total assets less current liabilities 106,958  51,344 
Creditors: amount falling due after more than one year (104,448) (52,748)
Net assets 2,510  (1,404)
 
Capital and reserves 2,510  (1,404)
 
  1. For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Steven Thomas Ward
Director

Date approved: 01 November 2023
1
Statutory Information
STEMM PROPERTY LTD. is a private limited company, limited by shares, domiciled in Scotland, registration number SC689495, registration address 20 Bellflower Gardens, Glasgow, United Kingdom, G53 7XD.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Freehold property   Total
  £   £
At 01 March 2022 71,674    71,674 
Additions 78,022    78,022 
Disposals  
At 28 February 2023 149,696    149,696 
Depreciation
At 01 March 2022  
Charge for year  
On disposals  
At 28 February 2023  
Net book values
Closing balance as at 28 February 2023 149,696    149,696 
Opening balance as at 01 March 2022 71,674    71,674 

3.

Average number of employees

Average number of employees during the year was 2  (2022: 2).
2