REGISTERED NUMBER: SC475712 (Scotland)

Financial Statements for the Year Ended 31 March 2026

for

STL DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Learmonth

L S Xu

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC475712 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

101,395

102,837

CURRENT ASSETS

Stocks

32,375

37,460

Debtors

5

20,000

45,401

Cash at bank

315,604

273,375

367,979

356,236

CREDITORS

Amounts falling due within one year

6

32,335

49,439

NET CURRENT ASSETS

335,644

306,797

TOTAL ASSETS LESS CURRENT LIABILITIES

437,039

409,634

PROVISIONS FOR LIABILITIES

660

1,052

NET ASSETS

436,379

408,582

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

436,375

408,578

SHAREHOLDERS' FUNDS

436,379

408,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

S Learmonth - Director

1.	STATUTORY INFORMATION

STL Developments Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

25% on cost

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

Work in progress

Work in Progress reflects expenditure related to property development not complete at the period end, thus is included at cost. Work in Progress also includes consultancy work not yet invoiced at the year end, profit is therefore recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2025

98,500

6,504

6,373

111,377

Additions

-

-

2,632

2,632

Disposals

-

-

(6,373

)

(6,373

)

At 31 March 2026

98,500

6,504

2,632

107,636

DEPRECIATION

At 1 April 2025

-

5,057

3,483

8,540

Charge for year

-

526

658

1,184

Eliminated on disposal

-

-

(3,483

)

(3,483

)

At 31 March 2026

-

5,583

658

6,241

NET BOOK VALUE

At 31 March 2026

98,500

921

1,974

101,395

At 31 March 2025

98,500

1,447

2,890

102,837

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

20,000

45,401

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

30,890

47,939

Other creditors

1,445

1,500

32,335

49,439

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,662 were paid to the directors .

The company was under the control of S Learmonth throughout the current and previous year.

During the year the director repaid the company net amounts totalling £25,401. As at 31 March 2026 included within other debtors is a balance due to the company of £0 (2025 - £25,401).