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REGISTERED NUMBER: SC582615 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Stonehaven Paddleboarding Ltd

Stonehaven Paddleboarding Ltd (Registered number: SC582615)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Stonehaven Paddleboarding Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: D Jacobs





REGISTERED OFFICE: 7 Robert Street
Stonehaven
Aberdeenshire
AB39 2DN





REGISTERED NUMBER: SC582615 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Report of the Director
for the Year Ended 30 November 2024

The director presents his report with the financial statements of the company for the year ended 30 November 2024.

DIRECTOR
D Jacobs held office during the whole of the period from 1 December 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Jacobs - Director


28 March 2025

Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Income Statement
for the Year Ended 30 November 2024

30.11.24 30.11.23
Notes £    £   

TURNOVER 74,866 70,759

Cost of sales 16,191 16,953
GROSS PROFIT 58,675 53,806

Administrative expenses 36,189 34,735
OPERATING PROFIT and
PROFIT BEFORE TAXATION 22,486 19,071

Tax on profit 4,629 3,980
PROFIT FOR THE FINANCIAL YEAR 17,857 15,091

Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,750 5,625

CURRENT ASSETS
Cash at bank 5,381 3,750

CREDITORS
Amounts falling due within one year 6 5,229 4,555
NET CURRENT ASSETS/(LIABILITIES) 152 (805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,902

4,820

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,900 4,818
SHAREHOLDERS' FUNDS 3,902 4,820

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





D Jacobs - Director


Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Stonehaven Paddleboarding 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.

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, 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.

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.11.24 30.11.23
£    £   
Depreciation - owned assets 1,875 1,875

Stonehaven Paddleboarding Ltd (Registered number: SC582615)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 23,243
DEPRECIATION
At 1 December 2023 17,618
Charge for year 1,875
At 30 November 2024 19,493
NET BOOK VALUE
At 30 November 2024 3,750
At 30 November 2023 5,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 4,629 3,980
Other creditors 600 575
5,229 4,555