1 April 2023 false No description of principal activity Taxfiler 2024.6.1 SC690672business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC6906722023-03-31 SC6906722023-04-012024-03-31 SC690672business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 SC690672business:FilletedAccounts2023-04-012024-03-31 SC6906722024-03-31 SC690672business:Director12023-04-012024-03-31 SC690672business:RegisteredOffice2023-04-012024-03-31 SC6906722023-03-31 SC690672core:WithinOneYear2024-03-31 SC690672core:WithinOneYear2023-03-31 SC690672core:AfterOneYear2024-03-31 SC690672core:AfterOneYear2023-03-31 SC690672core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC690672core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC690672core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 SC690672core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 SC690672core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC690672core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC690672core:PreviouslyStatedAmount2024-03-31 SC690672core:PreviouslyStatedAmount2023-03-31 SC690672business:SmallEntities2023-04-012024-03-31 SC690672countries:Scotland2023-04-012024-03-31 SC690672core:LandBuildings2023-04-012024-03-31 SC690672core:PlantMachinery2023-04-012024-03-31 SC690672core:LandBuildings2023-03-31 SC690672core:FurnitureFittings2023-03-31 SC690672core:LandBuildings2024-03-31 SC690672core:FurnitureFittings2024-03-31 SC6906722022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC690672 (Scotland)
Stanford Commercial Glasgow Limited Unaudited accounts for the year ended 31 March 2024
Stanford Commercial Glasgow Limited Unaudited accounts Contents
Page
- 2 -
Stanford Commercial Glasgow Limited Company Information for the year ended 31 March 2024
Director
Mr Richard Citrin
Company Number
SC690672 (Scotland)
Registered Office
C/O ACCURACY ACCOUNTING HAMILTON ACCIES NEW DOUGLAS PARK, CADZOW AVENUE HAMILTON ML3 0FT SCOTLAND
- 3 -
Stanford Commercial Glasgow Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
964,797 
964,797 
Current assets
Debtors
40,503 
- 
Cash at bank and in hand
891 
2,072 
41,394 
2,072 
Creditors: amounts falling due within one year
(42,318)
(22,114)
Net current liabilities
(924)
(20,042)
Total assets less current liabilities
963,873 
944,755 
Creditors: amounts falling due after more than one year
(730,109)
(698,696)
Net assets
233,764 
246,059 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
262,975 
262,975 
Profit and loss account
(29,212)
(16,917)
Shareholders' funds
233,764 
246,059 
For the year ending 31 March 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 7 February 2025 and were signed on its behalf by
Mr Richard Citrin Director Company Registration No. SC690672
- 4 -
Stanford Commercial Glasgow Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Stanford Commercial Glasgow Limited is a private company, limited by shares, registered in Scotland, registration number SC690672. The registered office is C/O ACCURACY ACCOUNTING HAMILTON ACCIES , NEW DOUGLAS PARK, CADZOW AVENUE, HAMILTON, ML3 0FT, SCOTLAND.
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
Depreciated over 50 years straight line method
Plant & machinery
Depreciated over 4 years straight line method
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
950,000 
52,123 
1,002,123 
At 31 March 2024
950,000 
52,123 
1,002,123 
Depreciation
At 1 April 2023
19,000 
18,326 
37,326 
At 31 March 2024
19,000 
18,326 
37,326 
Net book value
At 31 March 2024
931,000 
33,797 
964,797 
At 31 March 2023
931,000 
33,797 
964,797 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,503 
- 
- 5 -
Stanford Commercial Glasgow Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,391 
- 
Trade creditors
28,813 
2,114 
Taxes and social security
2,114 
- 
Accruals
- 
20,000 
42,318 
22,114 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
558,272 
552,160 
Other creditors
171,837 
146,536 
730,109 
698,696 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -