Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr D Dewsbury 24/02/2022 Mrs K Fairlie 04/09/2020 Mr S Mclaughlin 24/02/2022 16 October 2023 The principal activity of the Company during the financial period was that of a holding company. SC673260 2023-03-31 SC673260 bus:Director1 2023-03-31 SC673260 bus:Director2 2023-03-31 SC673260 bus:Director3 2023-03-31 SC673260 2022-03-31 SC673260 core:CurrentFinancialInstruments 2023-03-31 SC673260 core:CurrentFinancialInstruments 2022-03-31 SC673260 core:ShareCapital 2023-03-31 SC673260 core:ShareCapital 2022-03-31 SC673260 core:SharePremium 2023-03-31 SC673260 core:SharePremium 2022-03-31 SC673260 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC673260 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC673260 bus:OrdinaryShareClass1 2023-03-31 SC673260 bus:OrdinaryShareClass2 2023-03-31 SC673260 2022-04-01 2023-03-31 SC673260 bus:FullAccounts 2022-04-01 2023-03-31 SC673260 bus:SmallEntities 2022-04-01 2023-03-31 SC673260 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC673260 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC673260 bus:Director1 2022-04-01 2023-03-31 SC673260 bus:Director2 2022-04-01 2023-03-31 SC673260 bus:Director3 2022-04-01 2023-03-31 SC673260 2021-04-01 2022-03-31 SC673260 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC673260 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 SC673260 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC673260 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC673260 (Scotland)

ANDREW FAIRLIE HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

ANDREW FAIRLIE HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

ANDREW FAIRLIE HOLDINGS LTD

BALANCE SHEET

AS AT 31 MARCH 2023
ANDREW FAIRLIE HOLDINGS LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 658,065 658,065
658,065 658,065
Current assets
Debtors 4 13,802 71,302
Cash at bank and in hand 5 4,600 0
18,402 71,302
Creditors: amounts falling due within one year 6 ( 1,800) ( 51,799)
Net current assets 16,602 19,503
Total assets less current liabilities 674,667 677,568
Net assets 674,667 677,568
Capital and reserves
Called-up share capital 7 1,000 1,000
Share premium account 331,067 331,067
Profit and loss account 342,600 345,501
Total shareholders' funds 674,667 677,568

For the financial year ending 31 March 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 Andrew Fairlie Holdings Ltd (registered number: SC673260) were approved and authorised for issue by the Director on 16 October 2023. They were signed on its behalf by:

Mrs K Fairlie
Director
ANDREW FAIRLIE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
ANDREW FAIRLIE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 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

Andrew Fairlie Holdings Ltd (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 Gleneagles Hotel, Auchterarder, Perthshire, PH3 1NF, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 658,065 658,065

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 13,802 71,302

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 4,600 0

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 1,800 51,799

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
640 A ordinary shares of £ 1.00 each 640 640
360 B ordinary shares of £ 1.00 each 360 360
1,000 1,000