Registration number:
Stanton Investments (Scotland) Limited
for the Year Ended 31 August 2024
Stanton Investments (Scotland) Limited
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Stanton Investments (Scotland) Limited
(Registration number: SC574715)
Statement of Financial Position as at 31 August 2024
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2023 |
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Fixed assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Retained earnings |
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Shareholders' funds |
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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:
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The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Stanton Investments (Scotland) Limited
(Registration number: SC574715)
Statement of Financial Position as at 31 August 2024
Approved and authorised by the
Director
Stanton Investments (Scotland) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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General information |
The Company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
Scotland
The principal place of business is:
3 Old Hawkhill
Dundee
Tayside
DD1 5EU
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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
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
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Staff numbers |
The average number of persons employed by the Company (including Directors) during the year, was
Stanton Investments (Scotland) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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Investment properties |
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2024 |
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At 1 September 2023 |
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Additions |
- |
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Disposals |
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At 31 August 2024 |
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The directors are of the opinion that the fair value of the investment property is reflected in these accounts.
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 September 2023 |
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Revaluation |
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At 31 August 2024 |
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Provision |
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Carrying amount |
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At 31 August 2024 |
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At 31 August 2023 |
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Debtors |
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Current |
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2024 |
2023 |
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Amounts owed by related parties |
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Prepayments |
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Other debtors |
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Stanton Investments (Scotland) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
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Revaluation reserve |
Total |
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Surplus/deficit on revaluation of other assets |
( |
( |
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The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:
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Revaluation reserve |
Total |
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Surplus/deficit on revaluation of other assets |
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2024 |
2023 |
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£ |
£ |
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Profit & loss account - distributable |
2,798,329 |
2,431,840 |
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Fair value on investment property - undistributable |
685,000 |
685,000 |
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Deferred tax on investment property - undistributable |
(416,849) |
(524,032) |
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3,066,480 |
2,592,808 |
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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.
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Investments |
Stanton Investments (Scotland) Ltd owns 100% shareholding in Century 21 (Homes) Ltd, 50% shareholding in Westport Ltd and 50% shareholding in Importa Ltd.