1 September 2022 false No description of principal activity Taxfiler 2024.1 SC639239business:PrivateLimitedCompanyLtd2022-09-012023-08-31 SC6392392022-08-31 SC6392392022-09-012023-08-31 SC639239business:AuditExemptWithAccountantsReport2022-09-012023-08-31 SC639239business:FilletedAccounts2022-09-012023-08-31 SC6392392023-08-31 SC639239business:Director12022-09-012023-08-31 SC639239business:RegisteredOffice2022-09-012023-08-31 SC6392392022-08-31 SC639239core:WithinOneYear2023-08-31 SC639239core:WithinOneYear2022-08-31 SC639239core:AfterOneYear2023-08-31 SC639239core:AfterOneYear2022-08-31 SC639239core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC639239core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 SC639239core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC639239core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 SC639239core:PreviouslyStatedAmount2023-08-31 SC639239core:PreviouslyStatedAmount2022-08-31 SC639239business:SmallEntities2022-09-012023-08-31 SC639239countries:Scotland2022-09-012023-08-31 SC639239core:AdditionsToInvestments2023-08-31 SC639239core:RevaluationInvestmentPropertyDeferredTax2023-08-31 SC639239core:RevaluationInvestmentPropertyDeferredTax2022-08-31 SC6392392021-08-31 SC6392392021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC639239 (Scotland)
Stork Property Ltd Unaudited accounts for the year ended 31 August 2023
Stork Property Ltd Unaudited accounts Contents
Page
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Stork Property Ltd Company Information for the year ended 31 August 2023
Director
Brett Clark
Company Number
SC639239 (Scotland)
Registered Office
92 Rosemount Place Aberdeen AB25 2XN
Accountants
FBD Consultancy, Accounts & Tax Ltd Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ
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Stork Property Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
453,000 
344,000 
Investments
1 
- 
453,001 
344,000 
Current assets
Debtors
57,262 
500 
Cash at bank and in hand
16,526 
3,285 
73,788 
3,785 
Creditors: amounts falling due within one year
(233,361)
(139,841)
Net current liabilities
(159,573)
(136,056)
Total assets less current liabilities
293,428 
207,944 
Creditors: amounts falling due after more than one year
(305,209)
(241,795)
Provisions for liabilities
Deferred tax
(11,038)
(8,398)
Net liabilities
(22,819)
(42,249)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(22,919)
(42,349)
Shareholders' funds
(22,819)
(42,249)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2024 and were signed on its behalf by
Brett Clark Director Company Registration No. SC639239
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Stork Property Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Stork Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC639239. The registered office is 92 Rosemount Place, Aberdeen, AB25 2XN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 September 2022
344,000 
Additions
95,104 
Net gain from fair value adjustments
13,896 
At 31 August 2023
453,000 
5
Investments
Other investments 
£ 
Valuation at 1 September 2022
- 
Additions
1 
Valuation at 31 August 2023
1 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
57,262 
500 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
286 
Other creditors
229,041 
135,531 
Loans from directors
4,024 
4,024 
Accruals
296 
- 
233,361 
139,841 
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Stork Property Ltd Notes to the Accounts for the year ended 31 August 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
305,209 
241,795 
9
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of investment property
11,038 
8,398 
2023 
2022 
£ 
£ 
Provision at start of year
8,398 
- 
Charged to the profit and loss account
2,640 
8,398 
Provision at end of year
11,038 
8,398 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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