ACCOUNTS - Final Accounts preparation

Registered number: SC240966

Stag Energy Development Co. Limited

Financial statements

Information for filing with the registrar

31 December 2024


Stag Energy Development Co. Limited

Balance sheet

At 31 December 2024

		2024		2023
Note		£		£


Current assets
Debtors	4	308,365		49,283
Cash at bank and in hand		429,082		706,628
		737,447		755,911
Creditors: amounts falling due within one year	5	(24,791)		(20,186)
Net current assets			712,656		735,725
Total assets less current liabilities			712,656		735,725

Net assets			712,656		735,725

Capital and reserves
Called up share capital	100	100
Profit and loss account	712,556	735,625
Shareholders' funds	712,656	735,725


Stag Energy Development Co. Limited

Balance sheet (continued)

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 comprehensive income 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 26 September 2025.

S J Pickup

Director

Company registered number: SC240966
The notes on pages 3 to 4 form part of these financial statements.


Stag Energy Development Co. Limited

Notes to the financial statements

Year ended 31 December 2024

1.	General information

Stag Energy Development Co. Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in Scotland. The registered office is Second Floor, 112 George Street, Edinburgh, Scotland, EH2 4LH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

2.2

Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Employees
	The company has no employees other than the directors, who did not receive any remuneration.


Stag Energy Development Co. Limited

Notes to the financial statements

Year ended 31 December 2024

Debtors

					2024	2023
					£	£


Trade debtors	150,000	-
Amounts owed by group undertakings	142,312	22,691
Other debtors	-	9,256
Prepayments and accrued income	16,053	17,336
	308,365	49,283

5.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,209	3,667
Corporation tax	622	11,259
Other taxation and social security	20,150	-
Other creditors	-	642
Accruals and deferred income	2,810	4,618
	24,791	20,186

6.	Controlling party

This company is a subsidiary of Carlton Power Limited by virtue of it holding all share capital.
The ultimate controlling entity is Carlton Energy Limited.
The registered office of Carlton Energy Limited is 26 Ellerbeck Court, Stokesly, Middlesbrough, England, TS9 5PT.