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REGISTERED NUMBER: SC368728 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Stewart Hastie Asset Management Limited

Stewart Hastie Asset Management Limited (Registered number: SC368728)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Stewart Hastie Asset Management Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: D M Hastie





REGISTERED OFFICE: 17 Elmbank Street
Glasgow
G2 4PB





REGISTERED NUMBER: SC368728 (Scotland)





ACCOUNTANTS: Montroig Consultants Limited
16 Hutchison Drive
Bearsden
Glasgow
Lanarkshire
G61 2LQ

Stewart Hastie Asset Management Limited (Registered number: SC368728)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,443 4,510
Investments 5 100,000 100,000
104,443 104,510

CURRENT ASSETS
Debtors 6 65,308 126,424
Cash at bank 184,900 147,005
250,208 273,429
CREDITORS
Amounts falling due within one year 7 33,447 49,627
NET CURRENT ASSETS 216,761 223,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,204

328,312

CREDITORS
Amounts falling due after more than one
year

8

16,667

26,667
NET ASSETS 304,537 301,645

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 304,437 301,545
304,537 301,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Stewart Hastie Asset Management Limited (Registered number: SC368728)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2024 and were signed by:





D M Hastie - Director


Stewart Hastie Asset Management Limited (Registered number: SC368728)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Stewart Hastie Asset Management 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Stewart Hastie Asset Management Limited (Registered number: SC368728)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 21,936
Additions 1,043
At 30 November 2023 22,979
DEPRECIATION
At 1 December 2022 17,426
Charge for year 1,110
At 30 November 2023 18,536
NET BOOK VALUE
At 30 November 2023 4,443
At 30 November 2022 4,510

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 100,000
NET BOOK VALUE
At 30 November 2023 100,000
At 30 November 2022 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 8,237 6,013
Directors' current accounts 57,071 120,411
65,308 126,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Taxation and social security 1,123 14,795
Other creditors 22,324 24,832
33,447 49,627

Stewart Hastie Asset Management Limited (Registered number: SC368728)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 9) 16,667 26,667

9. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,667 26,667

10. RELATED PARTY DISCLOSURES

At 30 November 2023 the Director's Loan Account had a debit balance of £57,071 (2022: debit balance £120,412). This debit balance was repaid to the company in August 2024.

Stewart Hastie Asset Management Limited

Report of the Accountants to the Director of
Stewart Hastie Asset Management Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Montroig Consultants Limited
16 Hutchison Drive
Bearsden
Glasgow
Lanarkshire
G61 2LQ


26 August 2024