IRIS Accounts Production v25.1.4.42 SC565246 Board of Directors 1.6.23 31.5.24 31.5.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5652462023-05-31SC5652462024-05-31SC5652462023-06-012024-05-31SC5652462022-05-31SC5652462022-06-012023-05-31SC5652462023-05-31SC565246ns15:Scotland2023-06-012024-05-31SC565246ns14:PoundSterling2023-06-012024-05-31SC565246ns10:Director12023-06-012024-05-31SC565246ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC565246ns10:SmallEntities2023-06-012024-05-31SC565246ns10:AuditExemptWithAccountantsReport2023-06-012024-05-31SC565246ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC565246ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC565246ns10:FullAccounts2023-06-012024-05-31SC565246ns10:Director22023-06-012024-05-31SC565246ns10:RegisteredOffice2023-06-012024-05-31SC565246ns5:CurrentFinancialInstruments2024-05-31SC565246ns5:CurrentFinancialInstruments2023-05-31SC565246ns5:ShareCapital2024-05-31SC565246ns5:ShareCapital2023-05-31SC565246ns5:RetainedEarningsAccumulatedLosses2024-05-31SC565246ns5:RetainedEarningsAccumulatedLosses2023-05-31SC565246ns5:PlantMachinery2023-06-012024-05-31SC565246ns5:PlantMachinery2023-05-31SC565246ns5:PlantMachinery2024-05-31SC565246ns5:PlantMachinery2023-05-31SC565246ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31SC565246ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31SC565246ns10:Director222023-05-31SC565246ns10:Director222022-05-31SC565246ns10:Director222023-06-012024-05-31SC565246ns10:Director222022-06-012023-05-31SC565246ns10:Director222024-05-31SC565246ns10:Director222023-05-31SC5652461ns10:Director12023-05-31SC5652461ns10:Director12022-05-31SC5652461ns10:Director12023-06-012024-05-31SC5652461ns10:Director12022-06-012023-05-31SC5652461ns10:Director12024-05-31SC5652461ns10:Director12023-05-31
REGISTERED NUMBER: SC565246 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STEINER PROPERTY LIMITED

STEINER PROPERTY LIMITED (REGISTERED NUMBER: SC565246)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

STEINER PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Pearse John Flynn
Simon Ian Mullen





REGISTERED OFFICE: c/o DM McNaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW





REGISTERED NUMBER: SC565246 (Scotland)





ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW

STEINER PROPERTY LIMITED (REGISTERED NUMBER: SC565246)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 750 937

CURRENT ASSETS
Stocks 5 492,125 2,880,166
Debtors 6 1,305,450 136,758
Cash at bank and in hand 334,771 155,493
2,132,346 3,172,417
CREDITORS
Amounts falling due within one year 7 832,433 2,772,675
NET CURRENT ASSETS 1,299,913 399,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,300,663

400,679

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,300,563 400,579
SHAREHOLDERS' FUNDS 1,300,663 400,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:




Simon Ian Mullen - Director


STEINER PROPERTY LIMITED (REGISTERED NUMBER: SC565246)

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


1. STATUTORY INFORMATION

Steiner Property 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, 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.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

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 NIL (2023 - 1 ).

STEINER PROPERTY LIMITED (REGISTERED NUMBER: SC565246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 2,859
DEPRECIATION
At 1 June 2023 1,922
Charge for year 187
At 31 May 2024 2,109
NET BOOK VALUE
At 31 May 2024 750
At 31 May 2023 937

5. STOCKS
2024 2023
£    £   

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,305,450 136,758

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 47,389 36,653
Taxation and social security 300,044 100,663
Other creditors 485,000 2,635,359
832,433 2,772,675

STEINER PROPERTY LIMITED (REGISTERED NUMBER: SC565246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Pearse John Flynn
Balance outstanding at start of year - -
Amounts advanced 774,985 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 774,985 -

Simon Ian Mullen
Balance outstanding at start of year - -
Amounts advanced 427,500 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 427,500 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Pearse John Flynn.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STEINER PROPERTY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steiner Property Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet 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 ICAS, we 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 Steiner Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Steiner Property Limited and state those matters that we have agreed to state to the Board of Directors of Steiner Property Limited, as a body, in this report in accordance with the requirements of ICAS 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 the company and its Board of Directors, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Steiner Property 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.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


13 June 2025