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REGISTERED NUMBER: SC584352 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Stronachlachar Development Ltd.

Stronachlachar Development Ltd. (Registered number: SC584352)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Stronachlachar Development Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I A Gillies
C Campbell





REGISTERED OFFICE: Unit 5, Suite 3 Lomond Business Park
Glenrothes
KY6 2PJ





REGISTERED NUMBER: SC584352 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Stronachlachar Development Ltd. (Registered number: SC584352)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 603,000 604,500

CURRENT ASSETS
Stocks 120,541 124,950
Debtors 5 35,885 24,607
Cash at bank 9,010 63,245
165,436 212,802
CREDITORS
Amounts falling due within one year 6 367,397 379,866
NET CURRENT LIABILITIES (201,961 ) (167,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,039

437,436

CREDITORS
Amounts falling due after more than one year 7 108,147 116,357
NET ASSETS 292,892 321,079

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Revaluation reserve 8 255,328 255,328
Retained earnings (112,436 ) (84,249 )
292,892 321,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Stronachlachar Development Ltd. (Registered number: SC584352)

Balance Sheet - continued
30 April 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 1 November 2024 and were signed on its behalf by:




I A Gillies - Director



C Campbell - Director


Stronachlachar Development Ltd. (Registered number: SC584352)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Stronachlachar Development Ltd. 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
In accordance with SSAP19, no depreciation is provided in respect of land and buildings. This treatment may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that the systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been separately identified or quantified.

Plant and machinery is depreciated at 25% on cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Stronachlachar Development Ltd. (Registered number: SC584352)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 600,000 6,000 606,000
DEPRECIATION
At 1 May 2023 - 1,500 1,500
Charge for year - 1,500 1,500
At 30 April 2024 - 3,000 3,000
NET BOOK VALUE
At 30 April 2024 600,000 3,000 603,000
At 30 April 2023 600,000 4,500 604,500

Included in cost or valuation of land and buildings is freehold land of £ 600,000 (2023 - £ 600,000 ) which is not depreciated.

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 600,000 6,000 606,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 35,885 24,607

Stronachlachar Development Ltd. (Registered number: SC584352)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 40,693 54,311
Taxation and social security 2,060 -
Other creditors 324,644 325,555
367,397 379,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 38,881 47,091
Other creditors 69,266 69,266
108,147 116,357

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 38,881 47,091

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 255,328

Stronachlachar Development Ltd.

Report of the Accountants to the Directors of
Stronachlachar Development Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


1 November 2024