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Company Registration No. SC157531 (Scotland)
Stephen-Johnston Limited Unaudited accounts for the year ended 30 April 2025
Stephen-Johnston Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Stephen-Johnston Limited Company Information for the year ended 30 April 2025
Director
Michael Stephen
Company Number
SC157531 (Scotland)
Registered Office
68 Barnton Avenue Edinburgh EH4 6JL
Accountants
Rosebery Accountants & Business Advisors 23 Melville Street Edinburgh EH3 7PE
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Stephen-Johnston Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,060
1,497
Investment property
5
1,100,000
1,100,000
Investments
6
29,250
29,250
1,131,310
1,130,747
Current assets
Debtors
7
48,131
47,992
Cash at bank and in hand
1,153
4,457
49,284
52,449
Creditors: amounts falling due within one year
8
(18,426)
(22,955)
Net current assets
30,858
29,494
Total assets less current liabilities
1,162,168
1,160,241
Creditors: amounts falling due after more than one year
9
(571,685)
(574,058)
Provisions for liabilities
Deferred tax
(56,822)
(56,822)
Net assets
533,661
529,361
Capital and reserves
Called up share capital
150,002
150,002
Share premium
458
458
Profit and loss account
383,201
378,901
Shareholders' funds
533,661
529,361
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 January 2026 and were signed on its behalf by
Michael Stephen Director Company Registration No. SC157531
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Stephen-Johnston Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Stephen-Johnston Limited is a private company, limited by shares, registered in Scotland, registration number SC157531. The registered office is 68 Barnton Avenue, Edinburgh, EH4 6JL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil
Fixtures & fittings
25% reducing balance
Investment property
Investment property is included at fair market value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. A prior period error relating to the initial recognition of the mortgage loan balance has been corrected by restating the comparative figures. The correction has no effect on the current year’s profit. The profit and loss reserves include non-distributable reserves of £377,589 (2024 - £377,589) in respect of unrealised gains on investment property.
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Stephen-Johnston Limited Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 May 2024
12,347
Additions
1,249
At 30 April 2025
13,596
Depreciation
At 1 May 2024
10,850
Charge for the year
686
At 30 April 2025
11,536
Net book value
At 30 April 2025
2,060
At 30 April 2024
1,497
5
Investment property
2025
£
Fair value at 1 May 2024
1,100,000
At 30 April 2025
1,100,000
The investment property was revalued by the director on the basis of a review of market prices for similar properties in the local area.
6
Investments
Subsidiary undertakings
£
Valuation at 1 May 2024
29,250
Valuation at 30 April 2025
29,250
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
39,765
31,674
Accrued income and prepayments
990
990
Other debtors
7,376
15,328
48,131
47,992
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Stephen-Johnston Limited Notes to the Accounts for the year ended 30 April 2025
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
12,712
15,519
VAT
1,020
2,057
Trade creditors
2,714
3,398
Taxes and social security
364
364
Other creditors
35
36
Accruals
1,581
1,581
18,426
22,955
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
571,685
574,058
During the year it came to light that interest and early repayment charges on the bank loan had not been included correctly in previous years. The previous year's figures have been restated to correct the position. The net effect was to reduce reserves brought forward by £6,630.
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Michael Stephen
6,137
-
-
6,137
6,137
-
-
6,137
The director's loan was fully repaid within nine months of the end of the financial year.
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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