Company Registration No. SC598987 (Scotland)
Steen Property Developments Ltd
Unaudited accounts
for the year ended 30 November 2023
Steen Property Developments Ltd
Unaudited accounts
Contents
Steen Property Developments Ltd
Company Information
for the year ended 30 November 2023
Director
Charleen Davidson
Company Number
SC598987 (Scotland)
Registered Office
17 Thomson Road
Peterhead
Aberdeenshire
AB42 3FJ
Scotland UK
Accountants
Peter Hall Finance & Accounting Solutions
of Tillicoultry
Clackmannanshire
FK13 6DR
Steen Property Developments Ltd
Statement of financial position
as at 30 November 2023
Investment property
468,499
468,499
Cash at bank and in hand
675
530
Net current assets
675
530
Total assets less current liabilities
469,174
469,402
Creditors: amounts falling due after more than one year
(489,783)
(473,622)
Net liabilities
(20,609)
(4,220)
Called up share capital
100
100
Capital contribution reserve
43,344
43,343
Profit and loss account
(64,053)
(47,663)
Shareholders' funds
(20,609)
(4,220)
For the year ending 30 November 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 her 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 12 June 2024 and were signed on its behalf by
Charleen Davidson
Director
Company Registration No. SC598987
Steen Property Developments Ltd
Notes to the Accounts
for the year ended 30 November 2023
Steen Property Developments Ltd is a private company, limited by shares, registered in Scotland, registration number SC598987. The registered office is 17 Thomson Road, Peterhead, Aberdeenshire, AB42 3FJ, Scotland UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Buildings and land are included at cost.
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% deminimus straight line basis
Investments is a loan to a company related by Directorship that is now in voluntary liquidation.
4
Tangible fixed assets
Plant & machinery
At 30 November 2023
96,118
At 30 November 2023
96,118
Buildings are valued at cost.
Fair value at 1 December 2022
468,499
At 30 November 2023
468,499
Steen Property Developments Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
387,736
386,104
Other creditors
19,675
8,645
Loans from directors
82,372
78,873
Loans are for rental properties.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).