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REGISTERED NUMBER: SC174491 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sint Ltd

Sint Ltd (Registered number: SC174491)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sint Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D McBride
R J Moore





SECRETARY: D McBride





REGISTERED OFFICE: 2 Nicolson Street
Edinburgh
EH8 9DH





REGISTERED NUMBER: SC174491 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Sint Ltd (Registered number: SC174491)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 750,000 720,000

CURRENT ASSETS
Debtors 5 1,234 772
Cash at bank 66,956 47,180
68,190 47,952
CREDITORS
Amounts falling due within one year 6 123,843 123,343
NET CURRENT LIABILITIES (55,653 ) (75,391 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,347

644,609

PROVISIONS FOR LIABILITIES 54,218 47,390
NET ASSETS 640,129 597,219

CAPITAL AND RESERVES
Called up share capital 6 6
Other reserves 216,874 -
Retained earnings 423,249 597,213
SHAREHOLDERS' FUNDS 640,129 597,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Sint Ltd (Registered number: SC174491)

Balance Sheet - continued
31 December 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 29 July 2024 and were signed on its behalf by:





R J Moore - Director


Sint Ltd (Registered number: SC174491)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sint Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Improvements to property - Not provided

Investment property is valued at fair value. Revaluations are undertaken each year, either professionally or by director assessment of market value based on expertise in the industry.

Revaluation amounts are recognised through the profit and loss account, with an equivalent amount transferred from retained earnings to other reserves (a non-distributable reserve).

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

Sint Ltd (Registered number: SC174491)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 530,441 189,559 720,000
Revaluations 30,000 - 30,000
At 31 December 2023 560,441 189,559 750,000
NET BOOK VALUE
At 31 December 2023 560,441 189,559 750,000
At 31 December 2022 530,441 189,559 720,000

No indicators of impairment were noted in the year.

The properties were valued on 18 June 2024 by DM Hall. The directors believe this valuation is reflective of the values at the balance sheet date, with no material changes made between these dates,

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,234 772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 10,569 10,071
Other creditors 113,274 113,272
123,843 123,343

7. SECURED DEBTS

The Royal Bank of Scotland hold standard securities over the properties within the company.