Stewart Hastie Asset Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC368728 (Scotland)

STEWART HASTIE ASSET MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D M Hastie

REGISTERED OFFICE:

17 Elmbank Street

Glasgow

G2 4PB

REGISTERED NUMBER:

SC368728 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

1,940

4,376

CURRENT ASSETS

Debtors

5

20,240

16,310

Cash at bank

94,519

100,147

114,759

116,457

CREDITORS

Amounts falling due within one year

6

63,089

55,455

NET CURRENT ASSETS

51,670

61,002

TOTAL ASSETS LESS CURRENT LIABILITIES

53,610

65,378

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,510

65,278

SHAREHOLDERS' FUNDS

53,610

65,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2020 and were signed by:

D M Hastie - Director

1.	STATUTORY INFORMATION

Stewart Hastie Asset Management 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.	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 represents services provided in the year, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 20% on cost

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it

relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Pension costs and other post-retirement benefits

The company makes contributions to the employee's and director's pension schemes. Contributions payable are

charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

15,218

Additions

1,360

Disposals

(1,000

)

At 30 November 2019

15,578

DEPRECIATION

At 1 December 2018

10,842

Charge for year

3,796

Eliminated on disposal

(1,000

)

At 30 November 2019

13,638

NET BOOK VALUE

At 30 November 2019

1,940

At 30 November 2018

4,376

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

20,240

16,310

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

-

2,160

Director's loan account

31,042

2,540

Taxation and social security

18,578

29,956

Other creditors

13,469

20,799

63,089

55,455

7.	RELATED PARTY DISCLOSURES