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REGISTERED NUMBER: SC327674 (Scotland)















Unaudited Financial Statements for the Year Ended 30th July 2024

for

Stotfield Limited

Stotfield Limited (Registered number: SC327674)

Contents of the Financial Statements
for the Year Ended 30th July 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Stotfield Limited

Company Information
for the Year Ended 30th July 2024







DIRECTOR: Mr R D Clark





REGISTERED OFFICE: Rockhaven
Stotfield Road
Lossiemouth
IV31 6QR





REGISTERED NUMBER: SC327674 (Scotland)





ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE

Stotfield Limited

Report of the Accountants to the Director of
Stotfield Limited


The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th July 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


17th July 2025

Stotfield Limited (Registered number: SC327674)

Balance Sheet
30th July 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 113
Investment property 5 137,276 510,114
137,276 510,227

CURRENT ASSETS
Debtors 6 23,573 450
Cash at bank 15,465 54,934
39,038 55,384
CREDITORS
Amounts falling due within one year 7 213,105 292,871
NET CURRENT LIABILITIES (174,067 ) (237,487 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,791 ) 272,740

CREDITORS
Amounts falling due after more than one year 8 - (294,000 )

PROVISIONS FOR LIABILITIES 10 - (28 )
NET LIABILITIES (36,791 ) (21,288 )

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings (76,791 ) (61,288 )
SHAREHOLDERS' FUNDS (36,791 ) (21,288 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Stotfield Limited (Registered number: SC327674)

Balance Sheet - continued
30th July 2024


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 director and authorised for issue on 17th July 2025 and were signed by:





Mr R D Clark - Director


Stotfield Limited (Registered number: SC327674)

Notes to the Financial Statements
for the Year Ended 30th July 2024


1. STATUTORY INFORMATION

Stotfield 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 recognised at the fair value of the consideration received for rental income of properties in Moray and the North of Scotland provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

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 - NIL).

Stotfield Limited (Registered number: SC327674)

Notes to the Financial Statements - continued
for the Year Ended 30th July 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 31st July 2023 360
Disposals (360 )
At 30th July 2024 -
Depreciation
At 31st July 2023 247
Eliminated on disposal (247 )
At 30th July 2024 -
Net book value
At 30th July 2024 -
At 30th July 2023 113

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 31st July 2023 510,114
Disposals (372,838 )
At 30th July 2024 137,276
Net book value
At 30th July 2024 137,276
At 30th July 2023 510,114

The director considers the current carrying value of the property to accurately reflect the open market value as at 30 July 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 23,223 -
Prepayments and accrued income 350 450
23,573 450

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other creditors 194,501 276,777
Directors' loan accounts 13,685 13,085
Accruals and deferred income 4,919 3,009
213,105 292,871

Stotfield Limited (Registered number: SC327674)

Notes to the Financial Statements - continued
for the Year Ended 30th July 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans more 5 yrs non-inst - 294,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 294,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank loans - 294,000

The bank loans £nil (2023- £294,000) were due for repayment in 2032 and were not not be repaid by instalment. Both loans have been repaid in the current year.

10. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax - 28

Deferred
tax
£   
Balance at 31st July 2023 28
Balance at 30th July 2024 28

11. RELATED PARTY DISCLOSURES

Included in Other debtors is an amount due from related parties £23,223 (2023: £nil). Included in Other creditors is an amount due to related parties £194,501 (2023: £276,777). The loans are interest free and have no fixed terms of repayment.




12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R D Clark.