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REGISTERED NUMBER: SC517786 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

STEWART TIMBER (HOLDINGS) LIMITED

STEWART TIMBER (HOLDINGS) LIMITED (REGISTERED NUMBER: SC517786)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

STEWART TIMBER (HOLDINGS) LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: I Stewart
K Maguire





REGISTERED OFFICE: 5B Mid Road
Cumbernauld
Glasgow
G67 2TT





REGISTERED NUMBER: SC517786 (Scotland)





ACCOUNTANTS: McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL

STEWART TIMBER (HOLDINGS) LIMITED (REGISTERED NUMBER: SC517786)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 120,000 120,000

CURRENT ASSETS
Cash at bank 413 495

CREDITORS
Amounts falling due within one year 5 11,507 9,161
NET CURRENT LIABILITIES (11,094 ) (8,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,906

111,334

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 108,806 111,234
SHAREHOLDERS' FUNDS 108,906 111,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





K Maguire - Director


STEWART TIMBER (HOLDINGS) LIMITED (REGISTERED NUMBER: SC517786)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Stewart Timber (Holdings) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment in subsidiaries.
Fixed asset investments represent an investment in a subsidiary company, Stewart Timber (2012) Limited. The company holds 100% of the issued share capital of that company.

The investment in Stewart Timber (2012) Limited is valued at cost and a review for impairment is carried out annually with any necessary adjustments reflected in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 120,000
NET BOOK VALUE
At 29 February 2024 120,000
At 28 February 2023 120,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed to group undertakings 9,251 7,145
Accrued expenses 2,256 2,016
11,507 9,161

STEWART TIMBER (HOLDINGS) LIMITED (REGISTERED NUMBER: SC517786)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
515 A ordinary shares £0.10 52 52
485 B ordinary shares £0.10 48 48
100 100

7. ULTIMATE CONTROLLING PARTY

Kenneth Maguire is a director and holds 46.5% of the share capital of the company, Iain Stewart is also a director and holds 5% of the company. Together they are therefore considered to be the ultimate controlling parties.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Stewart Timber (Holdings) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stewart Timber (Holdings) Limited for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Stewart Timber (Holdings) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stewart Timber (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of Stewart Timber (Holdings) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stewart Timber (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stewart Timber (Holdings) Limited. You consider that Stewart Timber (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stewart Timber (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL


17 July 2024