Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activitytruefalse2024-01-01false77trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC438764 2024-01-01 2024-12-31 SC438764 2023-01-01 2023-12-31 SC438764 2024-12-31 SC438764 2023-12-31 SC438764 c:CompanySecretary1 2024-01-01 2024-12-31 SC438764 c:Director1 2024-01-01 2024-12-31 SC438764 c:Director2 2024-01-01 2024-12-31 SC438764 c:Director3 2024-01-01 2024-12-31 SC438764 c:Director4 2024-01-01 2024-12-31 SC438764 c:Director5 2024-01-01 2024-12-31 SC438764 c:Director6 2024-01-01 2024-12-31 SC438764 c:Director7 2024-01-01 2024-12-31 SC438764 c:RegisteredOffice 2024-01-01 2024-12-31 SC438764 d:PlantMachinery 2024-01-01 2024-12-31 SC438764 d:PlantMachinery 2024-12-31 SC438764 d:PlantMachinery 2023-12-31 SC438764 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC438764 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 SC438764 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 SC438764 d:CurrentFinancialInstruments 2024-12-31 SC438764 d:CurrentFinancialInstruments 2023-12-31 SC438764 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC438764 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC438764 d:ShareCapital 2024-12-31 SC438764 d:ShareCapital 2023-12-31 SC438764 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC438764 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC438764 c:OrdinaryShareClass1 2024-01-01 2024-12-31 SC438764 c:OrdinaryShareClass1 2024-12-31 SC438764 c:OrdinaryShareClass1 2023-12-31 SC438764 c:FRS102 2024-01-01 2024-12-31 SC438764 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC438764 c:FullAccounts 2024-01-01 2024-12-31 SC438764 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC438764 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 SC438764 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC438764










STANEYHILL QUARRY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
STANEYHILL QUARRY LIMITED
 

COMPANY INFORMATION


DIRECTORS
G B Anderson 
A M Anderson 
B G Anderson 
Mrs D M Anderson 
Mrs D T Anderson 
Mrs V Anderson 
N A Anderson 




COMPANY SECRETARY
A M Anderson



REGISTERED NUMBER
SC438764



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
STANEYHILL QUARRY LIMITED
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STANEYHILL QUARRY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Staneyhill Quarry Limited for the year ended 31 December 2024 which comprise  the Statement of financial position 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 the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of directors of Staneyhill Quarry Limited, as a body, in accordance with the terms of our engagement letter dated 26 February 2024Our work has been undertaken solely to prepare for your approval the financial statements of Staneyhill Quarry Limited and state those matters that we have agreed to state to the Board of directors of Staneyhill Quarry Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Staneyhill Quarry Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Staneyhill Quarry Limited 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 Staneyhill Quarry Limited. You consider that Staneyhill Quarry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Staneyhill Quarry Limited. 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.

  



EQ Accountants Limited
 
Chartered Accountants
  
14 City Quay
Dundee
DD1 3JA
16 April 2025
Page 1

 
STANEYHILL QUARRY LIMITED
REGISTERED NUMBER: SC438764

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
28,932
33,753

Tangible assets
 5 
18,230
20,834

Investments
  
100
50

Investment property
  
534,650
534,650

  
581,912
589,287

Current assets
  

Debtors: amounts falling due within one year
 6 
170,725
113,453

Cash at bank and in hand
  
257,077
235,515

  
427,802
348,968

Creditors: amounts falling due within one year
 7 
(49,759)
(67,841)

Net current assets
  
 
 
378,043
 
 
281,127

Total assets less current liabilities
  
959,955
870,414

Provisions for liabilities
  

Deferred tax
  
(27,784)
(28,278)

  
 
 
(27,784)
 
 
(28,278)

Net assets
  
932,171
842,136


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
932,071
842,036

  
932,171
842,136


Page 2

 
STANEYHILL QUARRY LIMITED
REGISTERED NUMBER: SC438764

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2025.




B G Anderson
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
STANEYHILL QUARRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Staneyhill Quarry Limited is a limited company incorporated in Scotland. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ. The principle place of business is Seafield House, Lerwick, Scotland, ZE1 0RN.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.3

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
STANEYHILL QUARRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
13%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

  
2.6

TURNOVER

Turnover arises from the rent of land and buildings and quarry royalties. 


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 5

 
STANEYHILL QUARRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


INTANGIBLE ASSETS




Other assets

£



Cost


At 1 January 2024
48,216



At 31 December 2024

48,216



Amortisation


At 1 January 2024
14,463


Charge for the year on owned assets
4,821



At 31 December 2024

19,284



Net book value



At 31 December 2024
28,932



At 31 December 2023
33,753




5.


TANGIBLE FIXED ASSETS





Plant and machinery

£



Cost or valuation


At 1 January 2024
26,204



At 31 December 2024

26,204



Depreciation


At 1 January 2024
5,370


Charge for the year on owned assets
2,604



At 31 December 2024

7,974



Net book value



At 31 December 2024
18,230



At 31 December 2023
20,834

Page 6

 
STANEYHILL QUARRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
42,518
61,129

Amounts owed by joint ventures and associated undertakings
122,911
47,911

Other debtors
5,296
4,413

170,725
113,453



7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
414
7,931

Accruals and deferred income
5,680
2,080

Other taxation and social security
43,665
57,830

49,759
67,841



8.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 7