Silverfin false 28/02/2023 01/03/2022 28/02/2023 S M Di Ciacca 18/11/2009 C Di Ciacca 18/11/2009 S A M Di Ciacca Tana 18/11/2009 28 November 2023 The principal activity of the Company continued to be that of private investment. SC368750 2023-02-28 SC368750 bus:Director1 2023-02-28 SC368750 bus:Director2 2023-02-28 SC368750 bus:Director3 2023-02-28 SC368750 2022-02-28 SC368750 core:CurrentFinancialInstruments 2023-02-28 SC368750 core:CurrentFinancialInstruments 2022-02-28 SC368750 core:ShareCapital 2023-02-28 SC368750 core:ShareCapital 2022-02-28 SC368750 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC368750 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC368750 core:OtherPropertyPlantEquipment 2022-02-28 SC368750 core:OtherPropertyPlantEquipment 2023-02-28 SC368750 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-02-28 SC368750 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-02-28 SC368750 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-02-28 SC368750 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-02-28 SC368750 core:ListedExchangeTraded core:WithinOneYear 2023-02-28 SC368750 core:ListedExchangeTraded core:WithinOneYear 2022-02-28 SC368750 bus:OrdinaryShareClass1 2023-02-28 SC368750 bus:OrdinaryShareClass2 2023-02-28 SC368750 bus:OrdinaryShareClass3 2023-02-28 SC368750 2022-03-01 2023-02-28 SC368750 bus:FullAccounts 2022-03-01 2023-02-28 SC368750 bus:SmallEntities 2022-03-01 2023-02-28 SC368750 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC368750 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC368750 bus:Director1 2022-03-01 2023-02-28 SC368750 bus:Director2 2022-03-01 2023-02-28 SC368750 bus:Director3 2022-03-01 2023-02-28 SC368750 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 SC368750 2021-03-01 2022-02-28 SC368750 core:Subsidiary1 2022-03-01 2023-02-28 SC368750 core:Subsidiary1 1 2022-03-01 2023-02-28 SC368750 core:Subsidiary1 1 2021-03-01 2022-02-28 SC368750 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 SC368750 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 SC368750 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 SC368750 bus:OrdinaryShareClass2 2021-03-01 2022-02-28 SC368750 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 SC368750 bus:OrdinaryShareClass3 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: SC368750 (Scotland)

BLAIRSTON ENTERPRISES LIMITED

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

BLAIRSTON ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023

Contents

BLAIRSTON ENTERPRISES LIMITED

BALANCE SHEET

AS AT 28 FEBRUARY 2023
BLAIRSTON ENTERPRISES LIMITED

BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 198 264
Investments 4 959,559 959,559
959,757 959,823
Current assets
Debtors 5 2,146,812 2,226,862
Investments 6 452,533 447,015
Cash at bank and in hand 182,335 21,186
2,781,680 2,695,063
Creditors: amounts falling due within one year 7 ( 1,384,014) ( 1,292,867)
Net current assets 1,397,666 1,402,196
Total assets less current liabilities 2,357,423 2,362,019
Net assets 2,357,423 2,362,019
Capital and reserves
Called-up share capital 8 228 228
Profit and loss account 2,357,195 2,361,791
Total shareholders' funds 2,357,423 2,362,019

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 Blairston Enterprises Limited (registered number: SC368750) were approved and authorised for issue by the Director on 28 November 2023. They were signed on its behalf by:

S M Di Ciacca
Director
BLAIRSTON ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023
BLAIRSTON ENTERPRISES 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

Blairston Enterprises 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 45 Blairston Avenue, Bothwell, Glasgow, G71 8SA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises revenue recognised by the company in respect of the business of private investment.

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.

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:

Plant and machinery etc. 25 % reducing balance

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.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2022 1,239 1,239
At 28 February 2023 1,239 1,239
Accumulated depreciation
At 01 March 2022 975 975
Charge for the financial year 66 66
At 28 February 2023 1,041 1,041
Net book value
At 28 February 2023 198 198
At 28 February 2022 264 264

4. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 901,744 901,744
Other investments and loans 57,815 57,815
959,559 959,559

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
28.02.2023
Ownership
28.02.2022
Blairston Investments Limited Scotland Property Letting Ordinary 100.00% 100.00%

5. Debtors

2023 2022
£ £
Amounts owed by own subsidiaries 920,339 1,000,389
Amounts owed by related parties 975,795 975,795
Other debtors 250,678 250,678
2,146,812 2,226,862

6. Current asset investments

2023 2022
£ £
Listed investments – at fair value 452,533 447,015

7. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 1,384,014 1,292,867

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,826 C ordinary shares of £ 0.01 each 28 28
10,000 B ordinary shares of £ 0.01 each 100 100
10,000 A ordinary shares of £ 0.01 each 100 100
228 228

9. Related party transactions

Other related party transactions

2023 2022
£ £
Other related parties 2,117,112 2,197,162
Key Management personnel 1,378,446 1,288,546