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REGISTERED NUMBER: SC239326 (Scotland)











































Stewart Park Limited

Unaudited Financial Statements

for the Year Ended 30th November 2024






Stewart Park Limited (Registered number: SC239326)






Contents of the Financial Statements
for the year ended 30th November 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Stewart Park Limited

Company Information
for the year ended 30th November 2024







Directors: D L Park
Mrs J Park





Secretary: Mrs J Park





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Business address: 2 Main Street
Heiton
Kelso
Roxburghshire
TD5 8JR





Registered number: SC239326 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Stewart Park Limited (Registered number: SC239326)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 49,415 59,646
49,415 59,646

Current assets
Stocks 800 1,200
Debtors 6 39,205 23,152
Cash at bank 40,659 29,160
80,664 53,512
Creditors
Amounts falling due within one year 7 212,073 209,067
Net current liabilities (131,409 ) (155,555 )
Total assets less current liabilities (81,994 ) (95,909 )

Capital and reserves
Called up share capital 100 100
Retained earnings (82,094 ) (96,009 )
Shareholders' funds (81,994 ) (95,909 )

Stewart Park Limited (Registered number: SC239326)

Balance Sheet - continued
30th November 2024


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

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

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2025 and were signed on its behalf by:





D L Park - Director


Stewart Park Limited (Registered number: SC239326)

Notes to the Financial Statements
for the year ended 30th November 2024

1. Statutory information

Stewart Park Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been fully amortised over the useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 10% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Stewart Park Limited (Registered number: SC239326)

Notes to the Financial Statements - continued
for the year ended 30th November 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The company has a deficit on the balance sheet and relies on the support of its directors and shareholders, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the financial statements have been prepared on the going concern basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 3 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st December 2023
and 30th November 2024 30,800
Amortisation
At 1st December 2023
and 30th November 2024 30,800
Net book value
At 30th November 2024 -
At 30th November 2023 -

Stewart Park Limited (Registered number: SC239326)

Notes to the Financial Statements - continued
for the year ended 30th November 2024

5. Tangible fixed assets
Motor
Equipment vehicles Totals
£    £    £   
Cost
At 1st December 2023 1,848 97,426 99,274
Additions - 13,995 13,995
Disposals - (18,500 ) (18,500 )
At 30th November 2024 1,848 92,921 94,769
Depreciation
At 1st December 2023 1,641 37,987 39,628
Charge for year 103 13,717 13,820
Eliminated on disposal - (8,094 ) (8,094 )
At 30th November 2024 1,744 43,610 45,354
Net book value
At 30th November 2024 104 49,311 49,415
At 30th November 2023 207 59,439 59,646

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 36,841 21,530
Other debtors 2,364 1,622
39,205 23,152

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,726 6,382
Taxation and social security 16,973 8,661
Other creditors 193,374 194,024
212,073 209,067