Company Registration No. SC746945 (Scotland)
STONE ACRE CORSTORPHINE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
James Hair Group Limited
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
STONE ACRE CORSTORPHINE LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
806,304
-
Debtors
3
4,126
100
Cash at bank and in hand
57,828
-
0
868,258
100
Creditors: amounts falling due within one year
4
(871,254)
-
0
Net current (liabilities)/assets
(2,996)
100
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(3,096)
-
0
Total equity
(2,996)
100

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 December 2025
Mr A D F Craig
Director
Company Registration No. SC746945
STONE ACRE CORSTORPHINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Stone Acre Corstorphine Limited is a private company limited by shares incorporated in Scotland. The registered office is 59 Bonnygate, CUPAR, Fife, UK, KY15 4BY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Stocks

Stocks and work in progress including short term contracts are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost comprises direct expenditure and an appropriate proportion of fixed and variable overheads.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

1.5
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

STONE ACRE CORSTORPHINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
4,126
100
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
23,322
-
0
Amounts due to group undertakings
736,232
-
0
Directors current accounts
110,000
-
Accruals and deferred income
1,700
-
0
871,254
-
5
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
2025-04-30 2024-05-01 false false false 28 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A Craig SC746945 2024-05-01 2025-04-30 SC746945 2025-04-30 SC746945 2024-04-30 SC746945 core:CurrentFinancialInstruments 2025-04-30 SC746945 core:CurrentFinancialInstruments 2024-04-30 SC746945 core:ShareCapital 2025-04-30 SC746945 core:ShareCapital 2024-04-30 SC746945 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC746945 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC746945 core:ShareCapitalOrdinaryShareClass1 2025-04-30 SC746945 core:ShareCapitalOrdinaryShareClass1 2024-04-30 SC746945 bus:Director1 2024-05-01 2025-04-30 SC746945 2023-11-01 2024-04-30 SC746945 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC746945 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC746945 bus:FRS102 2024-05-01 2025-04-30 SC746945 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC746945 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP