Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Kenneth Alistair Mount 31 October 2024 The principal activity of the Company during the financial year was leasing of a public bar and the rental of flats. SC062479 2023-10-31 SC062479 2022-10-31 SC062479 core:CurrentFinancialInstruments 2023-10-31 SC062479 core:CurrentFinancialInstruments 2022-10-31 SC062479 core:ShareCapital 2023-10-31 SC062479 core:ShareCapital 2022-10-31 SC062479 core:RevaluationReserve 2023-10-31 SC062479 core:RevaluationReserve 2022-10-31 SC062479 core:CapitalRedemptionReserve 2023-10-31 SC062479 core:CapitalRedemptionReserve 2022-10-31 SC062479 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC062479 core:RetainedEarningsAccumulatedLosses 2022-10-31 SC062479 core:Goodwill 2022-10-31 SC062479 core:Goodwill 2023-10-31 SC062479 core:OtherPropertyPlantEquipment 2022-10-31 SC062479 core:OtherPropertyPlantEquipment 2023-10-31 SC062479 2021-10-31 SC062479 bus:OrdinaryShareClass1 2023-10-31 SC062479 2022-11-01 2023-10-31 SC062479 bus:FilletedAccounts 2022-11-01 2023-10-31 SC062479 bus:SmallEntities 2022-11-01 2023-10-31 SC062479 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 SC062479 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC062479 bus:Director1 2022-11-01 2023-10-31 SC062479 2021-11-01 2022-10-31 SC062479 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 SC062479 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC062479 (Scotland)

STOCKWELL MOUNT LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH THE REGISTRAR

STOCKWELL MOUNT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023

Contents

STOCKWELL MOUNT LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2023
STOCKWELL MOUNT LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 715,000 715,000
715,000 715,000
Current assets
Debtors 5 160 142
Cash at bank and in hand 6 109,680 100,908
109,840 101,050
Creditors: amounts falling due within one year 7 ( 35,356) ( 25,349)
Net current assets 74,484 75,701
Total assets less current liabilities 789,484 790,701
Provision for liabilities 8, 9 ( 7,564) ( 5,512)
Net assets 781,920 785,189
Capital and reserves
Called-up share capital 10 42,968 42,968
Revaluation reserve 258,605 258,605
Capital redemption reserve 57,082 57,082
Profit and loss account 423,265 426,534
Total shareholder's funds 781,920 785,189

For the financial 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.

Director's responsibilities:

The financial statements of Stockwell Mount Limited (registered number: SC062479) were approved and authorised for issue by the Director on 31 October 2024. They were signed on its behalf by:

Kenneth Alistair Mount
Director
STOCKWELL MOUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
STOCKWELL MOUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stockwell Mount Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Dalchreggan, Achintore Road, Fort William, PH33 6RQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2022 75,000 75,000
At 31 October 2023 75,000 75,000
Accumulated amortisation
At 01 November 2022 75,000 75,000
At 31 October 2023 75,000 75,000
Net book value
At 31 October 2023 0 0
At 31 October 2022 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2022 715,000 715,000
At 31 October 2023 715,000 715,000
Accumulated depreciation
At 01 November 2022 0 0
At 31 October 2023 0 0
Net book value
At 31 October 2023 715,000 715,000
At 31 October 2022 715,000 715,000

5. Debtors

2023 2022
£ £
Other debtors 160 142

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 109,680 100,908

7. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 10,479 4,211
Other creditors 24,877 21,138
35,356 25,349

8. Provision for liabilities

2023 2022
£ £
Deferred tax 7,564 5,512

9. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 5,512) ( 5,426)
Charged to the Profit and Loss Account ( 2,052) ( 86)
At the end of financial year ( 7,564) ( 5,512)

10. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
42,968 Ordinary shares of £ 1.00 each 42,968 42,968

11. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Directors Loan Account 17,332 17,152

This balance represents amounts owed to the director at 31 October 2023. These balances are interest free and have no fixed terms of repayment. No security has been provided on any balances.