1 April 2023 false No description of principal activity Taxfiler 2024.6.1 SC506000business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC5060002023-03-31 SC5060002023-04-012024-03-31 SC506000business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 SC506000business:FilletedAccounts2023-04-012024-03-31 SC5060002024-03-31 SC506000business:Director12023-04-012024-03-31 SC506000business:RegisteredOffice2023-04-012024-03-31 SC5060002023-03-31 SC506000core:WithinOneYear2024-03-31 SC506000core:WithinOneYear2023-03-31 SC506000core:AfterOneYear2024-03-31 SC506000core:AfterOneYear2023-03-31 SC506000core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC506000core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC506000core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 SC506000core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 SC506000core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC506000core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC506000core:PreviouslyStatedAmount2024-03-31 SC506000core:PreviouslyStatedAmount2023-03-31 SC506000business:SmallEntities2023-04-012024-03-31 SC506000countries:Scotland2023-04-012024-03-31 SC506000core:LandBuildings2023-04-012024-03-31 SC506000core:LandBuildings2023-03-31 SC506000core:LandBuildings2024-03-31 SC50600012023-04-012024-03-31 SC5060002022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC506000 (Scotland)
STANDARD INVESTMENTS LIMITED Unaudited accounts for the year ended 31 March 2024
STANDARD INVESTMENTS LIMITED Unaudited accounts Contents
Page
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STANDARD INVESTMENTS LIMITED Company Information for the year ended 31 March 2024
Director
R Citrin
Company Number
SC506000 (Scotland)
Registered Office
C/O ACCURACY ACCOUNTING HAMILTON ACCIES NEW DOUGLAS PARK, CADZOW AVENUE HAMILTON ML3 6HP SCOTLAND
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STANDARD INVESTMENTS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,300,000 
731,981 
Current assets
Debtors
218,278 
487,731 
Cash at bank and in hand
728 
931 
219,006 
488,662 
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 
Capital and reserves
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
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STANDARD INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 1 April 2023
768,019 
Revaluations
531,981 
At 31 March 2024
1,300,000 
Depreciation
At 1 April 2023
36,038 
Charge for the year
18,019 
Surplus on revaluation
(54,057)
At 31 March 2024
- 
Net book value
At 31 March 2024
1,300,000 
At 31 March 2023
731,981 
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STANDARD INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
48,000 
Other debtors
218,278 
439,731 
218,278 
487,731 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
43,200 
Trade creditors
- 
26,750 
Taxes and social security
8,239 
- 
Accruals
- 
6,750 
8,239 
76,700 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
505,418 
409,658 
Other creditors
- 
183,174 
505,418 
592,832 
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).
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