Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC284145 Mr John Learmonth Dr Jessie Learmonth Mrs Alison Tilly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC284145 2022-10-31 SC284145 2023-10-31 SC284145 2022-11-01 2023-10-31 SC284145 frs-core:Non-currentFinancialInstruments 2023-10-31 SC284145 frs-core:ShareCapital 2023-10-31 SC284145 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC284145 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC284145 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 SC284145 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC284145 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC284145 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC284145 frs-core:OtherProvisionsContingentLiabilities 2022-11-01 2023-10-31 SC284145 frs-core:OtherProvisionsContingentLiabilities 2022-10-31 SC284145 frs-bus:Director1 2022-11-01 2023-10-31 SC284145 frs-bus:Director2 2022-11-01 2023-10-31 SC284145 frs-bus:Director3 2022-11-01 2023-10-31 SC284145 frs-countries:Scotland 2022-11-01 2023-10-31 SC284145 2021-10-31 SC284145 2022-10-31 SC284145 2021-11-01 2022-10-31 SC284145 frs-core:Non-currentFinancialInstruments 2022-10-31 SC284145 frs-core:ShareCapital 2022-10-31 SC284145 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC284145
Strathmore Developments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: SC284145
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 1,171,647 1,150,572
Debtors 4 67,500 47,737
Cash at bank and in hand 235,895 308,030
1,475,042 1,506,339
Creditors: Amounts Falling Due Within One Year (30,349 ) (37,541 )
NET CURRENT ASSETS (LIABILITIES) 1,444,693 1,468,798
TOTAL ASSETS LESS CURRENT LIABILITIES 1,444,693 1,468,798
Creditors: Amounts Falling Due After More Than One Year (1,468,674 ) (1,440,286 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 5 - (50,000 )
NET LIABILITIES (23,981 ) (21,488 )
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account (24,981 ) (22,488 )
SHAREHOLDERS' FUNDS (23,981) (21,488)
Page 1
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For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John Learmonth
Director
Dr Jessie Learmonth
Director
Mrs Alison Tilly
Director
30 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Strathmore Developments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC284145 . The registered office is The Poplars, Westmuir Road, Westmuir, Kirriemuir, Angus, DD8 5LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost basis, as modified by the revaluaton of certain financial assets and liabilities and investment properties measured at fair value through profit or loss, and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the year end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is expenses immediately, with a corresponding provision for an onerous contract being recognised.
Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue.
The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
2.3. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
...CONTINUED
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2.3. Financial Instruments - continued
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objectice evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments, regardless of significance and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.4. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be reuired to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
2.5. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due after more than one year
Trade debtors 44,738 44,738
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5. Provisions for Liabilities
Other Provisions Total
£ £
As at 1 November 2022 50,000 50,000
Utilised (50,000 ) (50,000)
The provision of £50,000 in relation to the developer contribution for council works was paid to Angus Council during the year. This was Strathmore Development Limited's share of costs relating to access to the housing development. 
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Going Concern
The company's abridged statement of financial position shows a deficiency of assets. The main creditors of the company are the directors. The directors' loan balances total £1,447,007 and are classified as long term loans. These loan accounts will not be repaid until the profitability of the company allows this and as such the directors continue to support the company with this aim in mind.
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