1 May 2023 false No description of principal activity Taxfiler 2024.6 SC157531business:PrivateLimitedCompanyLtd2023-05-012024-04-30 SC1575312023-04-30 SC1575312023-05-012024-04-30 SC157531business:AuditExemptWithAccountantsReport2023-05-012024-04-30 SC157531business:FilletedAccounts2023-05-012024-04-30 SC1575312024-04-30 SC157531business:Director12023-05-012024-04-30 SC157531business:RegisteredOffice2023-05-012024-04-30 SC1575312023-04-30 SC157531core:WithinOneYear2024-04-30 SC157531core:WithinOneYear2023-04-30 SC157531core:AfterOneYear2024-04-30 SC157531core:AfterOneYear2023-04-30 SC157531core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 SC157531core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 SC157531core:SharePremiumcore:PreviouslyStatedAmount2024-04-30 SC157531core:SharePremiumcore:PreviouslyStatedAmount2023-04-30 SC157531core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 SC157531core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 SC157531core:PreviouslyStatedAmount2024-04-30 SC157531core:PreviouslyStatedAmount2023-04-30 SC157531business:SmallEntities2023-05-012024-04-30 SC157531countries:Scotland2023-05-012024-04-30 SC157531core:LandBuildings2023-05-012024-04-30 SC157531core:FurnitureFittings2023-05-012024-04-30 SC157531core:FurnitureFittings2023-04-30 SC157531core:FurnitureFittings2024-04-30 SC157531business:Director112023-04-30 SC157531business:Director112023-05-012024-04-30 SC157531business:Director112024-04-30 SC1575312022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. SC157531 (Scotland)
Stephen-Johnston Limited Unaudited accounts for the year ended 30 April 2024
Stephen-Johnston Limited Unaudited accounts Contents
Page
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Stephen-Johnston Limited Company Information for the year ended 30 April 2024
Director
Michael Stephen
Company Number
SC157531 (Scotland)
Registered Office
68 Barnton Avenue Edinburgh EH4 6JL
Accountants
Rosebery Accountants & Business Advisors 23 Melville Street Edinburgh EH3 7PE
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Stephen-Johnston Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,497 
1,959 
Investment property
1,100,000 
1,100,000 
Investments
29,250 
29,250 
1,130,747 
1,131,209 
Current assets
Debtors
47,940 
28,361 
Cash at bank and in hand
4,195 
7,253 
52,135 
35,614 
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 
Capital and reserves
Called up share capital
150,002 
150,002 
Share premium
458 
458 
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
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Stephen-Johnston Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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
Nil
Fixtures & fittings
25% reducing balance
Investment property
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.
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Stephen-Johnston Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
12,310 
Additions
37 
At 30 April 2024
12,347 
Depreciation
At 1 May 2023
10,351 
Charge for the year
499 
At 30 April 2024
10,850 
Net book value
At 30 April 2024
1,497 
At 30 April 2023
1,959 
5
Investment property
2024 
£ 
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 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,674 
29,990 
Accrued income and prepayments
990 
990 
Other debtors
15,276 
(2,619)
47,940 
28,361 
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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 
VAT
2,057 
3,180 
Trade creditors
3,398 
3,347 
Taxes and social security
364 
364 
Other creditors
36 
36 
Loans from directors
- 
65 
Accruals
1,581 
1,581 
22,641 
14,817 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
567,428 
564,952 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
(5,131)
10,509 
(759)
6,137 
(5,131)
10,509 
(759)
6,137 
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).
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