IRIS Accounts Production v23.3.1.45 SC151099 Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 0 0 false true false false true false 295683 263683 32000 295683 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1510992022-02-28SC1510992023-02-28SC1510992022-03-012023-02-28SC1510992021-02-28SC1510992021-03-012022-02-28SC1510992022-02-28SC151099ns16:Scotland2022-03-012023-02-28SC151099ns15:PoundSterling2022-03-012023-02-28SC151099ns11:Director12022-03-012023-02-28SC151099ns11:Director22022-03-012023-02-28SC151099ns11:PrivateLimitedCompanyLtd2022-03-012023-02-28SC151099ns11:SmallEntities2022-03-012023-02-28SC151099ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC151099ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC151099ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC151099ns11:FullAccounts2022-03-012023-02-28SC15109942ns11:Director22022-02-28SC15109942ns11:Director22021-02-28SC15109942ns11:Director22021-03-012022-02-28SC15109942ns11:Director22022-02-28SC151099ns11:CompanySecretary12022-03-012023-02-28SC151099ns11:RegisteredOffice2022-03-012023-02-28SC151099ns6:CurrentFinancialInstruments2023-02-28SC151099ns6:CurrentFinancialInstruments2022-02-28SC151099ns6:ShareCapital2023-02-28SC151099ns6:ShareCapital2022-02-28SC151099ns6:RetainedEarningsAccumulatedLosses2023-02-28SC151099ns6:RetainedEarningsAccumulatedLosses2022-02-28SC151099ns6:PlantMachinery2022-03-012023-02-28SC151099ns6:PlantMachinery2022-02-28SC151099ns6:PlantMachinery2023-02-28SC151099ns6:PlantMachinery2022-02-28SC151099ns6:CostValuation2022-02-28SC151099ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28SC151099ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28SC151099ns6:RetainedEarningsAccumulatedLosses2022-02-28SC151099ns6:RetainedEarningsAccumulatedLosses2022-03-012023-02-28SC151099ns11:Director112022-02-28SC151099ns11:Director112021-02-28SC151099ns11:Director112022-03-012023-02-28SC151099ns11:Director112021-03-012022-02-28SC151099ns11:Director112023-02-28SC151099ns11:Director112022-02-28
REGISTERED NUMBER: SC151099 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SANDYHILLS DEVELOPMENTS (BANFF) LIMITED

SANDYHILLS DEVELOPMENTS (BANFF) LIMITED (REGISTERED NUMBER: SC151099)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SANDYHILLS DEVELOPMENTS (BANFF) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr G D Wilson
Mrs A L Wilson





SECRETARY: Mrs A L Wilson





REGISTERED OFFICE: Turtory
Bridge of Marnoch
Huntly
Aberdeenshire
AB54 7UJ





REGISTERED NUMBER: SC151099 (Scotland)





ACCOUNTANTS: Bain Henry Reid
51-53 High Street
Turriff
AB53 4EJ

SANDYHILLS DEVELOPMENTS (BANFF) LIMITED (REGISTERED NUMBER: SC151099)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 686,795 751,615
Investments 5 500 500
687,295 752,115

CURRENT ASSETS
Debtors 6 1,430,558 138,451
Cash at bank 2,651,541 3,704,068
4,082,099 3,842,519
CREDITORS
Amounts falling due within one year 7 408,004 606,281
NET CURRENT ASSETS 3,674,095 3,236,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,361,390

3,988,353

PROVISIONS FOR LIABILITIES 153,068 107,679
NET ASSETS 4,208,322 3,880,674

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 4,207,322 3,879,674
SHAREHOLDERS' FUNDS 4,208,322 3,880,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SANDYHILLS DEVELOPMENTS (BANFF) LIMITED (REGISTERED NUMBER: SC151099)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:




Mr G D Wilson - Director



Mrs A L Wilson - Director


SANDYHILLS DEVELOPMENTS (BANFF) LIMITED (REGISTERED NUMBER: SC151099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Sandyhills Developments (Banff) 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 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.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SANDYHILLS DEVELOPMENTS (BANFF) LIMITED (REGISTERED NUMBER: SC151099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 1,290,618
DEPRECIATION
At 1 March 2022 539,003
Charge for year 64,820
At 28 February 2023 603,823
NET BOOK VALUE
At 28 February 2023 686,795
At 28 February 2022 751,615

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 500
NET BOOK VALUE
At 28 February 2023 500
At 28 February 2022 500

Included in investments is a holding of 500 shares in Brooklea Developments which represents 50% of the issued share capital of that company. The net assets of that company per the accounts at 30 September 2021 were £2,407,873 (2020: £2,584,030).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 101,149 24,736
GD Wilson Ltd loan 1,230,336 -
Prepayments and accrued income 99,073 113,715
1,430,558 138,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,640 94,168
Taxation 81,453 67,217
VAT 17,570 7,917
GD Wilson Ltd - 129,296
Directors' loan accounts 303,365 295,683
Accruals and deferred income 2,976 12,000
408,004 606,281

SANDYHILLS DEVELOPMENTS (BANFF) LIMITED (REGISTERED NUMBER: SC151099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. RESERVES
Retained
earnings
£   

At 1 March 2022 3,879,674
Profit for the year 327,648
At 28 February 2023 4,207,322

9. DIRECTOR'S LOAN

The following advances and credits from directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr G D Wilson and Mrs A L Wilson
Balance outstanding at start of year 295,683 263,683
Amounts advanced - 32,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 295,683

The loan is interest free and there are no fixed terms of repayment.

10. RELATED PARTY DISCLOSURES

The company has a loan from G D Wilson Limited. The balance due at the year ended amounted to £124,374 (2021 owed to the company £71,850).

The directors of the company are also directors and controlling shareholders of G D Wilson Limited.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors and and their children who own 100% of the company's issued share capital.