STUART TITLES LIMITED
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Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
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Company registration number SC082535
Date
Approval date of the accounts by the board 12/09/2024
Date
Date of signing on the audit/accountants report 12/09/2024
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Marjorie Clifton
Or, name of secretary
Name of director signing balance sheet Marjorie Clifton
Address of registered office:
Address line 1 Capital Letters Property Management
Address line 2 Springfield House
City or town Laurelhill Business Park
County or region Stirling 
Postcode FK7 9JQ
Name of senior statutory auditor
Name of auditors/accountants Shreeve Hallam Jones
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 1st Floor
Address line 2 3 Sharrow Lane
City or town Sheffield
County or region
Postcode S11 8AE
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 1 1
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
SC082535
STUART TITLES LIMITED
Filleted Accounts
31 March 2024
STUART TITLES LIMITED
Registered number: SC082535
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 265,970 265,970
Current assets
Stocks (5) (5)
Debtors 4 2,109 209
Cash at bank and in hand 8,054 15,648
10,158 15,852
Creditors: amounts falling due within one year 5 (188,014) (188,117)
Net current liabilities (177,856) (172,265)
Total assets less current liabilities 88,114 93,705
Creditors: amounts falling due after more than one year 6 (72,780) (85,995)
Net assets 15,334 7,710
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 7 23,815 23,815
Profit and loss account (9,481) (17,105)
Shareholders' funds 15,334 7,710
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Marjorie Clifton
Director
Approved by the board on 12 September 2024
STUART TITLES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 264,503 8,442 272,945
At 31 March 2024 264,503 8,442 272,945
Depreciation
At 1 April 2023 - 6,975 6,975
At 31 March 2024 - 6,975 6,975
Net book value
At 31 March 2024 264,503 1,467 265,970
At 31 March 2023 264,503 1,467 265,970
4 Debtors 2024 2023
£ £
Trade debtors 1,900 -
Other debtors 209 209
2,109 209
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,779 3,882
Other creditors 184,235 184,235
188,014 188,117
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 72,780 85,995
7 Revaluation reserve 2024 2023
£ £
At 1 April 2023 23,815 23,815
At 31 March 2024 23,815 23,815
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Marjorie Clifton
Loan 1 236,346 - (54,000) 182,346
236,346 - (54,000) 182,346
9 Other information
STUART TITLES LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
Capital Letters Property Management
Springfield House
Laurelhill Business Park
Stirling 
FK7 9JQ
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