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REGISTERED NUMBER: SC526311 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

Stuart Murphy Limited

Stuart Murphy Limited (Registered number: SC526311)

Contents of the Financial Statements
for the Year Ended 30 April 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stuart Murphy Limited

Company Information
for the Year Ended 30 April 2025







DIRECTOR: M S Murphy





REGISTERED OFFICE: 5A St. Colme Street
Edinburgh
Edinburgh
EH3 6AA





REGISTERED NUMBER: SC526311 (Scotland)





ACCOUNTANTS: Bracey's Accountants (Stevenage) Limited
18-20 High Street
Stevenage
Hertfordshire
SG1 3EJ

Stuart Murphy Limited (Registered number: SC526311)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 5 2,057,532 2,007,756

CURRENT ASSETS
Debtors 6 24,617 23,058
Cash at bank 105,180 80,413
129,797 103,471
CREDITORS
Amounts falling due within one year 7 100,491 84,296
NET CURRENT ASSETS 29,306 19,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,086,838

2,026,931

CREDITORS
Amounts falling due after more than one year 8 (1,391,397 ) (1,431,348 )

PROVISIONS FOR LIABILITIES (78,101 ) (59,185 )
NET ASSETS 617,340 536,398

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 292,635 252,317
Retained earnings 324,704 284,080
617,340 536,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

Stuart Murphy Limited (Registered number: SC526311)

Balance Sheet - continued
30 April 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 August 2025 and were signed by:





M S Murphy - Director


Stuart Murphy Limited (Registered number: SC526311)

Notes to the Financial Statements
for the Year Ended 30 April 2025


1. STATUTORY INFORMATION

Stuart Murphy 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by either an external valuer or the director. In determining the value, observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset are used. Changes in fair value are recognised in profit or loss. Investment properties are valued by an independent valuer during the process of remortgaging or selling any of the properties concerned.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Stuart Murphy Limited (Registered number: SC526311)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2024 2,007,756
Revaluations 49,776
At 30 April 2025 2,057,532
NET BOOK VALUE
At 30 April 2025 2,057,532
At 30 April 2024 2,007,756

Fair value at 30 April 2025 is represented by:
£   
Valuation in 2023 261,726
Valuation in 2024 49,776
Valuation in 2025 49,776
Cost 1,696,254
2,057,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 24,617 23,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 43,447 41,437
Trade creditors 1,204 3,735
Taxation and social security 15,609 16,473
Other creditors 40,231 22,651
100,491 84,296

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 483,918 523,869
Other creditors 907,479 907,479
1,391,397 1,431,348

Stuart Murphy Limited (Registered number: SC526311)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Barclays Loan 5 Years 3 Hill S 140,088 158,974
Barclays Loan 5 Years 6 Hill S 41,682 67,175
RBS Loan 18/04/2023 5 years 91,938 94,610
273,708 320,759

9. SECURED DEBTS

Loans and borrowings due under one year and due over year one are secured by way of a fixed and floating charges on the investment properties concerned in favour of the mortgage providers.

Included in loans and borrowings due over one year is £908,000 (2024: £nil) owed to Castle Street Developments Limited. The loan is due for repayment on demand and is provided interest free. is Castle Street Developments Limited is related due to their common directorships.

10. RESERVES
Fair
value
reserve
£   
At 1 May 2024 252,317
Fair value reserve 40,318

At 30 April 2025 292,635

11. RELATED PARTY DISCLOSURES

Transactions with the director

2025

At 1 May2024
Advances
todirector
Repaymentsby
director

At 30 April2025
£    £    £    £   
Mr MS Murphy (2,144 ) - (11,029 ) (13,173 )

2024 At 1 May2023 nces todirector entsby director At 30 April2024
£    £    £    £   
Mr MS Murphy - 1,222 (3,366 ) (2,144 )


The loan is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is M S Murphy.

Stuart Murphy Limited (Registered number: SC526311)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


13. SHARE CAPITAL

Allotted, called up and fully paid shares
2025 2024
No. £    No. £   
Ordinary Share of £1 each 1 1 1 1