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Unaudited Financial Statements for the Year Ended 31 October 2024

for

Hamiltons (Stirling) Limited

Hamiltons (Stirling) Limited (Registered number: SC159393)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hamiltons (Stirling) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr S D Hamilton
Mr G S Hamilton





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC159393 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Hamiltons (Stirling) Limited (Registered number: SC159393)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,774 32,466
Investment property 5 500,000 500,000
521,774 532,466

CURRENT ASSETS
Debtors 6 4,294 4,194
Cash at bank 56,885 30,255
61,179 34,449
CREDITORS
Amounts falling due within one year 7 41,319 31,708
NET CURRENT ASSETS 19,860 2,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,634

535,207

CREDITORS
Amounts falling due after more than one year 8 - 3,760
NET ASSETS 541,634 531,447

CAPITAL AND RESERVES
Called up share capital 9 300,000 300,000
Revaluation reserve 10 111,503 111,503
Retained earnings 130,131 119,944
SHAREHOLDERS' FUNDS 541,634 531,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hamiltons (Stirling) Limited (Registered number: SC159393)

Balance Sheet - continued
31 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





Mr S D Hamilton - Director


Hamiltons (Stirling) Limited (Registered number: SC159393)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Hamiltons (Stirling) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hamiltons (Stirling) Limited (Registered number: SC159393)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 101,046
DEPRECIATION
At 1 November 2023 68,580
Charge for year 10,692
At 31 October 2024 79,272
NET BOOK VALUE
At 31 October 2024 21,774
At 31 October 2023 32,466

Hamiltons (Stirling) Limited (Registered number: SC159393)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 34,120
DEPRECIATION
At 1 November 2023 19,726
Charge for year 3,598
At 31 October 2024 23,324
NET BOOK VALUE
At 31 October 2024 10,796
At 31 October 2023 14,394

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 500,000
NET BOOK VALUE
At 31 October 2024 500,000
At 31 October 2023 500,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2003 100,000
Valuation in 2004 50,000
Valuation in 2005 15,000
Valuation in 2023 (53,497 )
Cost 388,497
500,000

Hamiltons (Stirling) Limited (Registered number: SC159393)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 388,497 388,497

Investment properties were valued on an open market basis on 30 March 2023 by Falconer Property Consultants .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 4,294 4,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 3,320 5,280
Taxation and social security 7,654 7,438
Other creditors 30,345 18,990
41,319 31,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts - 3,760

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
300,000 Ordinary £1 300,000 300,000

10. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 111,503