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REGISTERED NUMBER: SC750813 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 NOVEMBER 2022 TO 15 MAY 2024

FOR

STANDARD REAL ESTATE (CAPITAL) LTD

STANDARD REAL ESTATE (CAPITAL) LTD (REGISTERED NUMBER: SC750813)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 18 November 2022 to 15 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

STANDARD REAL ESTATE (CAPITAL) LTD

COMPANY INFORMATION
for the Period 18 November 2022 to 15 May 2024







DIRECTORS: H H Munro
S Campbell





REGISTERED OFFICE: 16 Royal Terrace
Glasgow
G3 7NY





REGISTERED NUMBER: SC750813 (Scotland)





ACCOUNTANTS: Davidson & Workman
16 Royal Terrace
Glasgow
G3 7NY

STANDARD REAL ESTATE (CAPITAL) LTD (REGISTERED NUMBER: SC750813)

ABRIDGED BALANCE SHEET
15 May 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 13,938
Investment property 5 4,600,000
4,613,938

CURRENT ASSETS
Debtors 896,196
Cash at bank and in hand 560
896,756
CREDITORS
Amounts falling due within one year 1,974,919
NET CURRENT LIABILITIES (1,078,163 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,535,775

CREDITORS
Amounts falling due after more than one year 6 948,087
NET ASSETS 2,587,688

CAPITAL AND RESERVES
Called up share capital 7 100
Fair value reserve 8 2,176,122
Retained earnings 8 411,466
SHAREHOLDERS' FUNDS 2,587,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 15 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 15 May 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.

STANDARD REAL ESTATE (CAPITAL) LTD (REGISTERED NUMBER: SC750813)

ABRIDGED BALANCE SHEET - continued
15 May 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 15 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 January 2025 and were signed on its behalf by:





H H Munro - Director


STANDARD REAL ESTATE (CAPITAL) LTD (REGISTERED NUMBER: SC750813)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 18 November 2022 to 15 May 2024

1. STATUTORY INFORMATION

Standard Real Estate (Capital) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.

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.

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 period 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 period 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.

STANDARD REAL ESTATE (CAPITAL) LTD (REGISTERED NUMBER: SC750813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 18 November 2022 to 15 May 2024

2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash generating unit) is estimated to be less than it's carrying amount, the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation surplus.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 13,938
At 15 May 2024 13,938
NET BOOK VALUE
At 15 May 2024 13,938

STANDARD REAL ESTATE (CAPITAL) LTD (REGISTERED NUMBER: SC750813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 18 November 2022 to 15 May 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,423,878
Revaluations 2,176,122
At 15 May 2024 4,600,000
NET BOOK VALUE
At 15 May 2024 4,600,000

Fair value at 15 May 2024 is represented by:
£   
Valuation in 2023 906,626
Valuation in 2024 1,269,496
Cost 2,423,878
4,600,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
£   
Repayable by instalments
Bank loans more 5 yr by instal 948,087

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary Shares 1 100

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

Profit for the period 411,466 411,466
Revaluation in year - 2,176,122 2,176,122
At 15 May 2024 411,466 2,176,122 2,587,588

STANDARD REAL ESTATE (CAPITAL) LTD (REGISTERED NUMBER: SC750813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 18 November 2022 to 15 May 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 15 May 2024:

£   
H H Munro
Balance outstanding at start of period -
Amounts advanced 25,000
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 25,000

H H Munro
Balance outstanding at start of period -
Amounts advanced 25,000
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 25,000

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STANDARD REAL ESTATE (CAPITAL) 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 Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Standard Real Estate (Capital) Ltd for the period ended 15 May 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Standard Real Estate (Capital) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Standard Real Estate (Capital) Ltd and state those matters that we have agreed to state to the Board of Directors of Standard Real Estate (Capital) Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Standard Real Estate (Capital) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Standard Real Estate (Capital) Ltd. You consider that Standard Real Estate (Capital) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Standard Real Estate (Capital) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Davidson & Workman
16 Royal Terrace
Glasgow
G3 7NY


20 January 2025