Company Registration No. SC157531 (Scotland)
Stephen-Johnston Limited
Unaudited accounts
for the year ended 30 April 2024
Stephen-Johnston Limited
Unaudited accounts
Contents
Stephen-Johnston Limited
Company Information
for the year ended 30 April 2024
Company Number
SC157531 (Scotland)
Registered Office
68 Barnton Avenue
Edinburgh
EH4 6JL
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Stephen-Johnston Limited
Statement of financial position
as at 30 April 2024
Tangible assets
1,497
1,959
Investment property
1,100,000
1,100,000
Cash at bank and in hand
4,195
7,253
Creditors: amounts falling due within one year
(22,641)
(14,817)
Net current assets
29,494
20,797
Total assets less current liabilities
1,160,241
1,152,006
Creditors: amounts falling due after more than one year
(567,428)
(564,952)
Provisions for liabilities
Deferred tax
(56,822)
(56,822)
Net assets
535,991
530,232
Called up share capital
150,002
150,002
Profit and loss account
385,531
379,772
Shareholders' funds
535,991
530,232
For the year ending 30 April 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 28 January 2025 and were signed on its behalf by
Michael Stephen
Director
Company Registration No. SC157531
Stephen-Johnston Limited
Notes to the Accounts
for the year ended 30 April 2024
Stephen-Johnston Limited is a private company, limited by shares, registered in Scotland, registration number SC157531. The registered office is 68 Barnton Avenue, Edinburgh, EH4 6JL.
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:
Fixtures & fittings
25% reducing balance
Investment property is included at fair market value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The profit and loss reserves include non-distributable reserves of £381,389 (2022 - £381,389) in respect of unrealised gains on investment property.
Stephen-Johnston Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 May 2023
1,100,000
At 30 April 2024
1,100,000
The investment property was revalued by the director on the basis of a review of market prices for similar properties in the local area.
6
Investments
Subsidiary undertakings
Valuation at 1 May 2023
29,250
Valuation at 30 April 2024
29,250
Amounts falling due within one year
Trade debtors
31,674
29,990
Accrued income and prepayments
990
990
Other debtors
15,276
(2,619)
Stephen-Johnston Limited
Notes to the Accounts
for the year ended 30 April 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,205
6,244
Trade creditors
3,398
3,347
Taxes and social security
364
364
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
567,428
564,952
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The director's loan was fully repaid within nine months of the end of the financial year.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).