Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mr A Henderson 13/10/2011 Mr W Henderson 13/10/2011 26 July 2024 The principal activity of the company during the financial year continued to be the letting of owned residential properties. SC409310 2023-10-31 SC409310 bus:Director1 2023-10-31 SC409310 bus:Director2 2023-10-31 SC409310 2022-10-31 SC409310 core:CurrentFinancialInstruments 2023-10-31 SC409310 core:CurrentFinancialInstruments 2022-10-31 SC409310 core:ShareCapital 2023-10-31 SC409310 core:ShareCapital 2022-10-31 SC409310 core:RevaluationReserve 2023-10-31 SC409310 core:RevaluationReserve 2022-10-31 SC409310 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC409310 core:RetainedEarningsAccumulatedLosses 2022-10-31 SC409310 bus:OrdinaryShareClass1 2023-10-31 SC409310 2022-11-01 2023-10-31 SC409310 bus:FilletedAccounts 2022-11-01 2023-10-31 SC409310 bus:SmallEntities 2022-11-01 2023-10-31 SC409310 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 SC409310 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC409310 bus:Director1 2022-11-01 2023-10-31 SC409310 bus:Director2 2022-11-01 2023-10-31 SC409310 2021-11-01 2022-10-31 SC409310 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 SC409310 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC409310 (Scotland)

BALDERNOCK PROPERTIES LIMITED

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

BALDERNOCK PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023

Contents

BALDERNOCK PROPERTIES LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2023
BALDERNOCK PROPERTIES LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 1,700,000 1,700,000
1,700,000 1,700,000
Current assets
Debtors 4 1,781 3,629
Cash at bank and in hand 5 41,706 96,687
43,487 100,316
Creditors: amounts falling due within one year 6 ( 1,636,574) ( 1,731,692)
Net current liabilities (1,593,087) (1,631,376)
Total assets less current liabilities 106,913 68,624
Net assets 106,913 68,624
Capital and reserves
Called-up share capital 7 2 2
Revaluation reserve 216,473 216,473
Profit and loss account ( 109,562 ) ( 147,851 )
Total shareholders' funds 106,913 68,624

For the financial year ending 31 October 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 Baldernock Properties Limited (registered number: SC409310) were approved and authorised for issue by the Board of Directors on 26 July 2024. They were signed on its behalf by:

Mr W Henderson
Director
BALDERNOCK PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
BALDERNOCK PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 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

Baldernock Properties 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 Kettlehill Farm Craigmaddie Road, Baldernock, Milngavie, G62 6HA, 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 services provided in the normal course of business.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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 bank balances, are measured at transaction price including transaction costs.

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

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.

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 2 2

3. Investment property

Investment property
£
Valuation
As at 01 November 2022 1,700,000
As at 31 October 2023 1,700,000

Investment properties was valued on an open market basis on 31 October 2023 by the directors of the company.

4. Debtors

2023 2022
£ £
Trade debtors 0 2,100
Other debtors 1,781 1,529
1,781 3,629

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 41,706 96,687

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 8,923 9,141
Other creditors 1,627,651 1,722,551
1,636,574 1,731,692

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts due to key management personnel 1,450,799 1,545,799

These loans are unsecured, interest free and have no fixed repayment date

Other related party transactions

2023 2022
£ £
Amounts owed to other related parties 169,756 169,756

These loans are unsecured, interest free and have no fixed repayment date.