Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true20falsetruecontinued to be that of the provision of management services to the energy and power sectors. SC240966 2023-01-01 2023-12-31 SC240966 2023-12-31 SC240966 2021-10-01 2022-12-31 SC240966 2022-12-31 SC240966 c:Director3 2023-01-01 2023-12-31 SC240966 d:CurrentFinancialInstruments 2023-12-31 SC240966 d:CurrentFinancialInstruments 2022-12-31 SC240966 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC240966 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC240966 d:ShareCapital 2023-12-31 SC240966 d:ShareCapital 2022-12-31 SC240966 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC240966 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC240966 c:FRS102 2023-01-01 2023-12-31 SC240966 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC240966 c:FullAccounts 2023-01-01 2023-12-31 SC240966 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: SC240966













Stag Energy Development Co. Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Stag Energy Development Co. Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
 4 
49,283
150,187

Cash at bank and in hand
  
706,628
451,128

  
755,911
601,315

Creditors: amounts falling due within one year
 5 
(20,186)
(56,889)

Net current assets
  
 
 
735,725
 
 
544,426

Total assets less current liabilities
  
735,725
544,426

  

Net assets
  
735,725
544,426


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
735,625
544,326

Shareholders' funds
  
735,725
544,426


1

 
Stag Energy Development Co. Limited

    
Balance sheet (continued)
At 31 December 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2024.




S J Pickup
Director

Company registered number: SC240966
The notes on pages 3 to 4 form part of these financial statements. 

2

 
Stag Energy Development Co. Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

Stag Energy Development Co. Limited is a private company limited by shares incorporated in Scotland. The registered office is Second Floor, 112 George Street, Edinburgh, Scotland, EH2 4LH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.


3

 
Stag Energy Development Co. Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

4.


Debtors

2023
2022
£
£


Trade debtors
-
75,908

Amounts owed by group undertakings
22,691
28,058

Other debtors
9,256
-

Prepayments and accrued income
17,336
46,221

49,283
150,187



5.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
3,667
2,481

Corporation tax
11,259
14,250

Other taxation and social security
-
15,014

Other creditors
642
-

Accruals and deferred income
4,618
25,144

20,186
56,889



6.


Controlling party

This company is a subsidiary of Carlton Power Limited by virtue of it holding all share capital.
The ultimate controlling entity is Carlton Energy Limited.
The registered office of Carlton Energy Limited is 26 Ellerbeck Court, Stokesly, Middlesbrough, England, TS9 5PT.

 
4