Company registration number SC681954 (Scotland)
STONE PROPERTY (SCOTLAND) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
STONE PROPERTY (SCOTLAND) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
STONE PROPERTY (SCOTLAND) LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
535
-
0
Investment property
5
835,000
741,911
835,535
741,911
Current assets
Cash at bank and in hand
8,136
2,913
Creditors: amounts falling due within one year
6
(88,469)
(206,901)
Net current liabilities
(80,333)
(203,988)
Total assets less current liabilities
755,202
537,923
Creditors: amounts falling due after more than one year
7
(608,940)
(493,065)
Provisions for liabilities
(17,364)
-
Net assets
128,898
44,858
Capital and reserves
Called up share capital
100
100
Revaluation reserve
8
74,025
-
0
Profit and loss reserves
54,773
44,758
Total equity
128,898
44,858
STONE PROPERTY (SCOTLAND) LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

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

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

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 2 April 2026 and are signed on its behalf by:
Mr B M Livingstone
Director
Company registration number SC681954 (Scotland)
STONE PROPERTY (SCOTLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Stone Property (Scotland) Ltd is a private company limited by shares incorporated in Scotland. The registered office is 6th Floor, Gordon Chambers, 90 Mitchell Street, Glasgow, Lanarkshire, Scotland, G1 3NQ.

1.1
Basis of preparation

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Revenue
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

STONE PROPERTY (SCOTLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
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.

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.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
2
2
STONE PROPERTY (SCOTLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
4
Tangible fixed assets
Computers
£
Cost
At 1 December 2024
284
Additions
799
At 30 November 2025
1,083
Depreciation and impairment
At 1 December 2024
284
Depreciation charged in the year
264
At 30 November 2025
548
Carrying amount
At 30 November 2025
535
At 30 November 2024
-
0
5
Investment property
2025
£
Fair value
At 1 December 2024
741,911
Additions
1,700
Revaluations
91,389
At 30 November 2025
835,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
2,394
4,332
Other creditors
86,075
202,569
88,469
206,901
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
608,940
493,065
STONE PROPERTY (SCOTLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
8
Revaluation reserve
2025
2024
£
£
At the beginning of the year
-
0
-
0
Other movements
74,025
-
At the end of the year
74,025
-
2025-11-30 2024-12-01 false false false CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr B M Livingstone Ms S M Livingstone SC681954 2024-12-01 2025-11-30 SC681954 2025-11-30 SC681954 2024-11-30 SC681954 core:ComputerEquipment 2025-11-30 SC681954 core:ComputerEquipment 2024-11-30 SC681954 core:CurrentFinancialInstruments 2025-11-30 SC681954 core:CurrentFinancialInstruments 2024-11-30 SC681954 core:Non-currentFinancialInstruments 2025-11-30 SC681954 core:Non-currentFinancialInstruments 2024-11-30 SC681954 core:ShareCapital 2025-11-30 SC681954 core:ShareCapital 2024-11-30 SC681954 core:RevaluationReserve 2025-11-30 SC681954 core:RevaluationReserve 2024-11-30 SC681954 core:RetainedEarningsAccumulatedLosses 2025-11-30 SC681954 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC681954 core:RevaluationReserve 2024-11-30 SC681954 core:RevaluationReserve 2023-11-30 SC681954 bus:Director1 2024-12-01 2025-11-30 SC681954 core:ComputerEquipment 2024-12-01 2025-11-30 SC681954 2023-12-01 2024-11-30 SC681954 core:ComputerEquipment 2024-11-30 SC681954 2024-11-30 SC681954 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC681954 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 SC681954 bus:FRS102 2024-12-01 2025-11-30 SC681954 bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 SC681954 bus:Director2 2024-12-01 2025-11-30 SC681954 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP