REGISTERED NUMBER: SC526311 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

Stuart Murphy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M S Murphy

REGISTERED OFFICE:

6

Hill Street

Edinburgh

Edinburgh

EH2 3JZ

REGISTERED NUMBER:

SC526311 (Scotland)

ACCOUNTANTS:

Bracey's Accountants (Stevenage) Limited

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

FIXED ASSETS

Tangible assets

5

333

-

Investment property

6

2,057,532

2,057,532

2,057,865

2,057,532

CURRENT ASSETS

Debtors

7

29,034

24,617

Cash at bank

105,479

105,180

134,513

129,797

CREDITORS

Amounts falling due within one year

8

111,837

99,970

NET CURRENT ASSETS

22,676

29,827

TOTAL ASSETS LESS CURRENT LIABILITIES

2,080,541

2,087,359

CREDITORS

Amounts falling due after more than one year

9

(1,339,910

)

(1,391,918

)

PROVISIONS FOR LIABILITIES

(78,101

)

(78,101

)

NET ASSETS

662,530

617,340

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

11

292,635

292,635

Retained earnings

369,894

324,704

662,530

617,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2026 and were signed by:

M S Murphy - Director

1.	STATUTORY INFORMATION

Stuart Murphy Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Asset class

Depreciation method & rate

Computer equipment

Reducing balance 25%

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by either an external valuer or the director. In determining the value, observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset are used. Changes in fair value are recognised in profit or loss. Investment properties are valued by an independent valuer during the process of remortgaging or selling any of the properties concerned.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

432

At 30 April 2026

432

DEPRECIATION

Charge for year

99

At 30 April 2026

99

NET BOOK VALUE

At 30 April 2026

333

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

and 30 April 2026

2,057,532

NET BOOK VALUE

At 30 April 2026

2,057,532

At 30 April 2025

2,057,532

Fair value at 30 April 2026 is represented by:

£

Valuation in 2023

261,726

Valuation in 2024

49,776

Valuation in 2025

49,776

Cost

1,696,254

2,057,532

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

17,911

15,632

Other debtors

11,123

8,985

29,034

24,617

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

42,944

43,447

Trade creditors

16,318

1,203

Taxation and social security

11,209

15,610

Other creditors

41,366

39,710

111,837

99,970

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

431,910

483,918

Other creditors

908,000

908,000

1,339,910

1,391,918

Amounts falling due in more than five years:

Repayable by instalments

Barclays Loan 5 Years 3 Hill S

122,256

140,088

Barclays Loan 5 Years 6 Hill S

16,861

41,682

RBS Loan 18/04/2023 5 years

82,583

91,938

221,700

273,708

10.	SECURED DEBTS

Loans and borrowings due under one year and due over year one are secured by way of a fixed and floating charges on the investment properties concerned in favour of the mortgage providers.

Included in loans and borrowings due over one year is £908,000 (2025: £980,000) owed to Castle Street Developments Limited. The loan is due for repayment on demand and is provided interest free. is Castle Street Developments Limited is related due to their common directorships.

11.

RESERVES

Fair

value

reserve

£

At 1 May 2025

and 30 April 2026

292,635

12.	RELATED PARTY DISCLOSURES

Transactions with the director

2026

At 1 May 2025

Advances to director

Repayments

At 30 April 2026

£

£

£

£

Mr MS Murphy

(13,173

)

993

-

(12,180

)

2025

At 1 May 2024

At 30 April 2025

£

£

£

£

Mr MS Murphy

(2,144

)

-

(11,029

)

(13,173

)

This loan has been provided interest free and is repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Castle Street Development Company Limited, by virtue of their majority shareholding.

14.	SHARE CAPITAL

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Share of £1 each

1

1

1

1