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REGISTERED NUMBER: SC157506 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Hermitage Investments Limited

Hermitage Investments Limited (Registered number: SC157506)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hermitage Investments Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: S G Brown





SECRETARY: S G Brown





REGISTERED OFFICE: 12A Hope Street
St Andrews
Fife
KY16 9BX





REGISTERED NUMBER: SC157506 (Scotland)





ACCOUNTANTS: Lyon & Co.
75 East Main Street
Broxburn
EH52 5EE

Hermitage Investments Limited (Registered number: SC157506)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 767,410 723,220

CURRENT ASSETS
Debtors 5 27,445 27,445

CREDITORS
Amounts falling due within one year 6 56,059 52,059
NET CURRENT LIABILITIES (28,614 ) (24,614 )
TOTAL ASSETS LESS CURRENT LIABILITIES 738,796 698,606

CAPITAL AND RESERVES
Called up share capital 230 230
Revaluation reserve 7 732,562 688,372
Retained earnings 6,004 10,004
SHAREHOLDERS' FUNDS 738,796 698,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 24 November 2023 and were signed by:





S G Brown - Director


Hermitage Investments Limited (Registered number: SC157506)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Hermitage Investments 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 May 2022 723,220
Revaluations 44,190
At 30 April 2023 767,410
NET BOOK VALUE
At 30 April 2023 767,410
At 30 April 2022 723,220

Cost or valuation at 30 April 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2018 161,531
Valuation in 2019 19,718
Valuation in 2020 20,579
Valuation in 2021 18,393
Valuation in 2022 77,159
Valuation in 2023 44,190
Cost 425,840
767,410

Hermitage Investments Limited (Registered number: SC157506)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Rosie Investments Limited
Registered office: Registered in the UK
Nature of business: Property Investment
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 767,410 723,220
Profit for the year 44,190 32,564

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed by group undertakings 27,445 27,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other creditors 56,059 52,059

7. RESERVES
Revaluation
reserve
£   
At 1 May 2022 688,372
Revaluation of investments 44,190

At 30 April 2023 732,562