Silverfin false false 31/12/2023 01/01/2023 31/12/2023 R Ballantyne 01/03/2022 G Mckenzie 29/08/2017 S Webster 28/02/2022 18 July 2024 The principal activities of the Company during the financial year continued to be that of real estate and asset management services. SC574833 2023-12-31 SC574833 bus:Director1 2023-12-31 SC574833 bus:Director2 2023-12-31 SC574833 bus:Director3 2023-12-31 SC574833 2022-12-31 SC574833 core:CurrentFinancialInstruments 2023-12-31 SC574833 core:CurrentFinancialInstruments 2022-12-31 SC574833 core:Non-currentFinancialInstruments 2023-12-31 SC574833 core:Non-currentFinancialInstruments 2022-12-31 SC574833 core:ShareCapital 2023-12-31 SC574833 core:ShareCapital 2022-12-31 SC574833 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC574833 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC574833 core:CostValuation 2022-12-31 SC574833 core:CostValuation 2023-12-31 SC574833 bus:OrdinaryShareClass1 2023-12-31 SC574833 2023-01-01 2023-12-31 SC574833 bus:FilletedAccounts 2023-01-01 2023-12-31 SC574833 bus:SmallEntities 2023-01-01 2023-12-31 SC574833 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC574833 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC574833 bus:Director1 2023-01-01 2023-12-31 SC574833 bus:Director2 2023-01-01 2023-12-31 SC574833 bus:Director3 2023-01-01 2023-12-31 SC574833 2022-01-01 2022-12-31 SC574833 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC574833 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC574833 (Scotland)

BALLANTYNES LETTINGS LIMITED

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

BALLANTYNES LETTINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

BALLANTYNES LETTINGS LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023
BALLANTYNES LETTINGS LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 572,163 572,163
572,163 572,163
Creditors: amounts falling due within one year 4 ( 333,886) ( 333,886)
Net current liabilities (333,886) (333,886)
Total assets less current liabilities 238,277 238,277
Creditors: amounts falling due after more than one year 5 ( 160,000) ( 160,000)
Net assets 78,277 78,277
Capital and reserves
Called-up share capital 6 20 20
Profit and loss account 78,257 78,257
Total shareholder's funds 78,277 78,277

For the financial year ending 31 December 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 Ballantynes Lettings Limited (registered number: SC574833) were approved and authorised for issue by the Board of Directors on 18 July 2024. They were signed on its behalf by:

R Ballantyne
Director
BALLANTYNES LETTINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
BALLANTYNES LETTINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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

Ballantynes Lettings 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 30 Stafford Street, Edinburgh, EH3 7BD, 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established.

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.

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 liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price. 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.

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. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 572,163
At 31 December 2023 572,163
Carrying value at 31 December 2023 572,163
Carrying value at 31 December 2022 572,163

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 199,595 199,595
Amounts owed to associates 131,591 132,671
Other creditors 2,700 1,620
333,886 333,886

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other loans 160,000 160,000

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
20 Ordinary shares of £ 1.00 each 20 20

7. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Ballantynes Property Group Limited (124,980) (124,980)

The amounts are unsecured, interest-free and repayable on demand.

Transactions with entities in which the entity itself has a participating interest

2023 2022
£ £
Ballantynes Ream Limited (74,615) (74,615)
Ballantynes Scotland Limited (131,171) (132,251)

The amounts are unsecured, interest-free and repayable on demand.

8. Ultimate controlling party

Parent Company:

Ballantynes Property Group Limited
30 Stafford Street, Edinburgh, United Kingdom, EH3 7BD