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Registration number: SC574715

Stanton Investments (Scotland) Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Stanton Investments (Scotland) Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Stanton Investments (Scotland) Limited

(Registration number: SC574715)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

685,000

685,000

Investments

5

1,521,000

2,073,060

 

2,206,000

2,758,060

Current assets

 

Debtors

6

2,759,210

2,418,753

Cash at bank and in hand

 

30,694

2,111

 

2,789,904

2,420,864

Creditors: Amounts falling due within one year

7

(3,634)

(1,084)

Net current assets

 

2,786,270

2,419,780

Total assets less current liabilities

 

4,992,270

5,177,840

Provisions for liabilities

(416,849)

(524,031)

Net assets

 

4,575,421

4,653,809

Capital and reserves

 

Called up share capital

1

1

Revaluation reserve

8

1,508,940

2,061,000

Retained earnings

8

3,066,480

2,592,808

Shareholders' funds

 

4,575,421

4,653,809

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

 

Stanton Investments (Scotland) Limited

(Registration number: SC574715)
Statement of Financial Position as at 31 August 2024

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:
 




 

Mrs R J Hutcheson
Director

 

Stanton Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
3 Old Hawkhill
Dundee
Tayside
DD1 5EU

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Stanton Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2023 - 1).

 

Stanton Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Investment properties

2024
£

At 1 September 2023

685,000

Additions

-

Disposals

-

At 31 August 2024

685,000


The directors are of the opinion that the fair value of the investment property is reflected in these accounts.

5

Investments

2024
£

2023
£

Investments in subsidiaries

1,521,000

2,073,060

Subsidiaries

£

Cost or valuation

At 1 September 2023

2,073,060

Revaluation

(552,060)

At 31 August 2024

1,521,000

Provision

Carrying amount

At 31 August 2024

1,521,000

At 31 August 2023

2,073,060

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

2,511,885

2,264,083

Prepayments

 

112

111

Other debtors

 

247,213

154,559

   

2,759,210

2,418,753

 

Stanton Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,100

-

Accruals and deferred income

1,534

1,084

3,634

1,084

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(552,060)

(552,060)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

2,061,000

2,061,000

2024

2023

£

£

Profit & loss account - distributable

2,798,329

2,431,840

Fair value on investment property - undistributable

685,000

685,000

Deferred tax on investment property - undistributable

(416,849)

(524,032)

3,066,480

2,592,808

9

Related party transactions

Stanton Investments (Scotland) Ltd own 100% shareholding in Century 21 (Homes) Ltd, 50% shareholding in Westport Ltd and 49% shareholding in Importa Ltd.

10

Investments

Stanton Investments (Scotland) Ltd owns 100% shareholding in Century 21 (Homes) Ltd, 50% shareholding in Westport Ltd and 50% shareholding in Importa Ltd.