Company Registration No. SC506000 (Scotland)
STANDARD INVESTMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2024
STANDARD INVESTMENTS LIMITED
Unaudited accounts
Contents
STANDARD INVESTMENTS LIMITED
Company Information
for the year ended 31 March 2024
Company Number
SC506000 (Scotland)
Registered Office
C/O ACCURACY ACCOUNTING HAMILTON ACCIES
NEW DOUGLAS PARK, CADZOW AVENUE
HAMILTON
ML3 6HP
SCOTLAND
STANDARD INVESTMENTS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
1,300,000
731,981
Cash at bank and in hand
728
931
Creditors: amounts falling due within one year
(8,239)
(76,700)
Net current assets
210,767
411,962
Total assets less current liabilities
1,510,767
1,143,943
Creditors: amounts falling due after more than one year
(505,418)
(592,832)
Net assets
1,005,349
551,111
Called up share capital
1
1
Revaluation reserve
1,150,082
564,044
Profit and loss account
(144,734)
(12,934)
Shareholders' funds
1,005,349
551,111
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 January 2025 and were signed on its behalf by
R Citrin
Director
Company Registration No. SC506000
STANDARD INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
STANDARD INVESTMENTS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC506000. The registered office is C/O ACCURACY ACCOUNTING HAMILTON ACCIES , NEW DOUGLAS PARK, CADZOW AVENUE, HAMILTON, ML3 6HP, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Depreciated over 50 years straight line method
4
Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
At 31 March 2024
1,300,000
Charge for the year
18,019
Surplus on revaluation
(54,057)
At 31 March 2024
1,300,000
STANDARD INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Other debtors
218,278
439,731
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
43,200
Taxes and social security
8,239
-
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
505,418
409,658
8
Post balance sheet events
In May 2024 the Directors instructed a valuation which was carried out by DM Hall Chartered Surveyors. The directors have revalued the property to £1.3M per the report produced.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).