STIRLING LAND LIMITED

STIRLING LAND LIMITED

STIRLING LAND LIMITED - Company Information

Print Friendly Version

STIRLING LAND LIMITED

Company Registration Number:
11511241 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2021

Period of accounts

Start date: 01 November 2020

End date: 31 October 2021

STIRLING LAND LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2021

Balance sheet
Notes

STIRLING LAND LIMITED

Balance sheet

As at 31 October 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 23,000,000 23,000,000
Investments: 4 2 2
Total fixed assets: 23,000,002 23,000,002
Current assets
Stocks: 0 0
Debtors: 5 614,306 863,202
Cash at bank and in hand: 1,400,585 1,327,969
Total current assets: 2,014,891 2,191,171
Creditors: amounts falling due within one year: 6 (2,015,600) (2,011,786)
Net current assets (liabilities): (709) 179,385
Total assets less current liabilities: 22,999,293 23,179,387
Creditors: amounts falling due after more than one year: 7 (11,583,015) (11,681,414)
Total net assets (liabilities): 11,416,278 11,497,973
Capital and reserves
Called up share capital: 900 900
Share premium account: 11,846,722 11,846,722
Profit and loss account: (431,344) (349,649)
Shareholders funds: 11,416,278 11,497,973

The notes form part of these financial statements

STIRLING LAND LIMITED

Balance sheet statements

For the year ending 31 October 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 June 2022
and signed on behalf of the board by:

Name: AM Ward
Status: Director

The notes form part of these financial statements

STIRLING LAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from thethe rental of commercial property and from the rendering of services.

Valuation and information policy

Investment properties are carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Other accounting policies

DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.ProvisionsProvisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

STIRLING LAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

STIRLING LAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

3. Tangible Assets

Total
Cost £
At 01 November 2020 23,000,000
At 31 October 2021 23,000,000
Depreciation
At 01 November 2020 0
At 31 October 2021 0
Net book value
At 31 October 2021 23,000,000
At 31 October 2020 23,000,000

STIRLING LAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

4. Fixed investments

Cost at November 2020 £2Cost at November 2021 £2

STIRLING LAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

5. Debtors

2021 2020
££
Debtors due after more than one year: 221,703 232,500

STIRLING LAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

6. Creditors: amounts falling due within one year note

Creditors due within one year are :Trade creditors £4,162 (2020 £24,222) Taxation and social security £8,087 (2020 £14,234) Other creditors £1,973,352 (2020 £2,754,744)

STIRLING LAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

7. Creditors: amounts falling due after more than one year note

Creditors amounts due after one year are:Bank loans £ 10,900,000 (2020 £10,900,000)Other creditors £683,013 (2020 £781,413)

STIRLING LAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

8. Related party transactions

Name of the related party:
Relationship:
Companies under common control
Description of the Transaction: Included in creditors due within one year is £1,749,967 owed to companies under common control. The amounts are loaned on an interest free and repayable on demand basis.
£
Balance at 01 November 2020 1,749,967
Balance at 31 October 2021 1,749,967
Name of the related party:
Relationship:
Companies under common control
Description of the Transaction: Included in creditors due within one year is £1,749,967 owed to companies under common control. The amounts are loaned on an interest free and repayable on demand basis.
£
Balance at 01 November 2020 1,749,967
Balance at 31 October 2021 1,749,967
Name of the related party:
Relationship:
Companies under common control
Description of the Transaction: Included in creditors due within one year is £1,749,967 owed to companies under common control. The amounts are loaned on an interest free and repayable on demand basis.
£
Balance at 01 November 2020 1,749,967
Balance at 31 October 2021 1,749,967