| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2025 |
| for |
| Stuart Murphy Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings | 324,704 | 284,080 |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 May 2024 |
| Revaluations | 49,776 |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| 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 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Other creditors |
| 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 |
| Fair value reserve | 40,318 |
| At 30 April 2025 |
| 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 |