Silverfin false 28/02/2023 01/03/2022 28/02/2023 Lesley Matheson 03/04/2020 Andrew James Matheson 03/04/2020 10 October 2023 The principal activity of the Company during the financial year was that of a property investment company. SC655078 2023-02-28 SC655078 bus:Director1 2023-02-28 SC655078 bus:Director2 2023-02-28 SC655078 2022-02-28 SC655078 core:CurrentFinancialInstruments 2023-02-28 SC655078 core:CurrentFinancialInstruments 2022-02-28 SC655078 core:ShareCapital 2023-02-28 SC655078 core:ShareCapital 2022-02-28 SC655078 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC655078 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC655078 bus:OrdinaryShareClass1 2023-02-28 SC655078 2022-03-01 2023-02-28 SC655078 bus:FullAccounts 2022-03-01 2023-02-28 SC655078 bus:SmallEntities 2022-03-01 2023-02-28 SC655078 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC655078 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC655078 bus:Director1 2022-03-01 2023-02-28 SC655078 bus:Director2 2022-03-01 2023-02-28 SC655078 2021-03-01 2022-02-28 SC655078 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 SC655078 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC655078 (Scotland)

JASMINE (ABERDEEN) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH THE REGISTRAR

JASMINE (ABERDEEN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023

Contents

JASMINE (ABERDEEN) LIMITED

BALANCE SHEET

AS AT 28 FEBRUARY 2023
JASMINE (ABERDEEN) LIMITED

BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 146,800 146,800
146,800 146,800
Current assets
Cash at bank and in hand 4 11,238 4,254
11,238 4,254
Creditors: amounts falling due within one year 5 ( 148,020) ( 147,786)
Net current liabilities (136,782) (143,532)
Total assets less current liabilities 10,018 3,268
Net assets 10,018 3,268
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 9,918 3,168
Total shareholders' funds 10,018 3,268

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Jasmine (Aberdeen) Limited (registered number: SC655078) were approved and authorised for issue by the Director on 10 October 2023. They were signed on its behalf by:

Andrew James Matheson
Director
Lesley Matheson
Director
JASMINE (ABERDEEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023
JASMINE (ABERDEEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jasmine (Aberdeen) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 28 Albyn Place, Aberdeen, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 March 2022 146,800
As at 28 February 2023 146,800

Valuation

The directors have considered the value of the investment property to be reflective of market value.

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 11,238 4,254

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 1,583 ( 185)
Other creditors 146,437 147,971
148,020 147,786

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts due to directors (144,227) (144,171)

The above loan is interest free and has no fixed terms of repayment in place.