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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
Page
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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
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Steen Property Developments Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
373 
Investment property
468,499 
468,499 
468,499 
468,872 
Current assets
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)
Capital and reserves
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
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Steen Property Developments Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
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
Investments is a loan to a company related by Directorship that is now in voluntary liquidation.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
96,118 
At 30 November 2023
96,118 
Depreciation
At 1 December 2022
95,745 
Charge for the year
373 
At 30 November 2023
96,118 
Net book value
At 30 November 2023
- 
At 30 November 2022
373 
Buildings are valued at cost.
5
Investment property
2023 
£ 
Fair value at 1 December 2022
468,499 
At 30 November 2023
468,499 
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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 
489,783 
473,622 
Loans are for rental properties.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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