Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.52024-01-01falseNo description of principal activity7truefalse SC624037 2024-01-01 2024-12-31 SC624037 2023-01-01 2023-12-31 SC624037 2024-12-31 SC624037 2023-12-31 SC624037 c:Director1 2024-01-01 2024-12-31 SC624037 c:Director2 2024-01-01 2024-12-31 SC624037 c:RegisteredOffice 2024-01-01 2024-12-31 SC624037 d:FurnitureFittings 2024-01-01 2024-12-31 SC624037 d:FurnitureFittings 2024-12-31 SC624037 d:FurnitureFittings 2023-12-31 SC624037 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC624037 d:OfficeEquipment 2024-01-01 2024-12-31 SC624037 d:OfficeEquipment 2024-12-31 SC624037 d:OfficeEquipment 2023-12-31 SC624037 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC624037 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC624037 d:Goodwill 2024-01-01 2024-12-31 SC624037 d:Goodwill 2024-12-31 SC624037 d:Goodwill 2023-12-31 SC624037 d:CurrentFinancialInstruments 2024-12-31 SC624037 d:CurrentFinancialInstruments 2023-12-31 SC624037 d:Non-currentFinancialInstruments 2024-12-31 SC624037 d:Non-currentFinancialInstruments 2023-12-31 SC624037 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC624037 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC624037 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 SC624037 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 SC624037 d:ShareCapital 2024-12-31 SC624037 d:ShareCapital 2023-12-31 SC624037 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC624037 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC624037 c:OrdinaryShareClass1 2024-01-01 2024-12-31 SC624037 c:OrdinaryShareClass1 2024-12-31 SC624037 c:OrdinaryShareClass1 2023-12-31 SC624037 c:FRS102 2024-01-01 2024-12-31 SC624037 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC624037 c:FullAccounts 2024-01-01 2024-12-31 SC624037 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC624037 6 2024-01-01 2024-12-31 SC624037 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 SC624037 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC624037










STAND PROPERTY LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
STAND PROPERTY LIMITED
 

COMPANY INFORMATION


Directors
Mr M P Fitzgerald 
Mr C O Nicol 




Registered number
SC624037



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
STAND PROPERTY LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 
STAND PROPERTY LIMITED
REGISTERED NUMBER: SC624037

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
214,067
250,464

Tangible assets
 5 
5,672
8,325

Investments
 6 
343,141
343,141

  
562,880
601,930

Current assets
  

Debtors: amounts falling due within one year
 7 
29,086
6,078

Cash at bank and in hand
  
276,951
233,619

  
306,037
239,697

Creditors: amounts falling due within one year
 8 
(476,588)
(341,631)

Net current liabilities
  
 
 
(170,551)
 
 
(101,934)

Total assets less current liabilities
  
392,329
499,996

Creditors: amounts falling due after more than one year
 9 
(204,707)
(329,647)

Provisions for liabilities
  

Deferred tax
  
(1,418)
(2,081)

  
 
 
(1,418)
 
 
(2,081)

Net assets
  
186,204
168,268


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
186,202
168,266

  
186,204
168,268


Page 1

 
STAND PROPERTY LIMITED
REGISTERED NUMBER: SC624037

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 11 April 2025.




Mr M P Fitzgerald
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
STAND PROPERTY LIMITED
 

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

1.


General information

Stand Property Limited is a private company, limited by shares, domiciled in Scotland with the registration number SC624037. The registered office is 14 City Quay, Dundee, DD1 3JA.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
STAND PROPERTY LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

 Amortisation is provided on the following bases:

Goodwill
-
10%
Straight-line

 
2.5

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, .

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight-line
Office equipment
-
20%
Straight-line

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.

Page 4

 
STAND PROPERTY LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 7).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
363,969



At 31 December 2024

363,969



Amortisation


At 1 January 2024
113,505


Charge for the year on owned assets
36,397



At 31 December 2024

149,902



Net book value



At 31 December 2024
214,067



At 31 December 2023
250,464



Page 5

 
STAND PROPERTY LIMITED
 

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

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
5,450
12,044
17,494


Additions
-
1,056
1,056



At 31 December 2024

5,450
13,100
18,550



Depreciation


At 1 January 2024
3,353
5,816
9,169


Charge for the year on owned assets
1,090
2,619
3,709



At 31 December 2024

4,443
8,435
12,878



Net book value



At 31 December 2024
1,007
4,665
5,672



At 31 December 2023
2,097
6,228
8,325


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
343,141



At 31 December 2024
343,141




Page 6

 
STAND PROPERTY LIMITED
 

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

7.


Debtors

2024
2023
£
£


Trade debtors
463
1,432

Amounts owed by group undertakings
27,875
-

Other debtors
-
3,975

Prepayments and accrued income
748
671

29,086
6,078



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
101,732
45,833

Trade creditors
222,778
131,616

Other taxation and social security
30,432
39,915

Other creditors
118,580
121,451

Accruals and deferred income
3,066
2,816

476,588
341,631


Amounts included in bank loans are secured by a floating charge over the assets of the company.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
204,707
329,647

204,707
329,647


Amounts included in bank loans are secured by a floating charge over the assets of the company.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



Page 7