Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Stephen Bellany 01/05/2002 Ian Buchan 01/05/2002 James Duthie 01/05/2002 Allan Simpson 15/09/2015 19 September 2024 The principal activity of the Company continued to be that of quota rental. SC226210 2023-12-31 SC226210 bus:Director1 2023-12-31 SC226210 bus:Director2 2023-12-31 SC226210 bus:Director3 2023-12-31 SC226210 bus:Director4 2023-12-31 SC226210 2022-12-31 SC226210 core:CurrentFinancialInstruments 2023-12-31 SC226210 core:CurrentFinancialInstruments 2022-12-31 SC226210 core:Non-currentFinancialInstruments 2023-12-31 SC226210 core:Non-currentFinancialInstruments 2022-12-31 SC226210 core:ShareCapital 2023-12-31 SC226210 core:ShareCapital 2022-12-31 SC226210 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC226210 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC226210 core:OtherResidualIntangibleAssets 2022-12-31 SC226210 core:OtherResidualIntangibleAssets 2023-12-31 SC226210 bus:OrdinaryShareClass1 2023-12-31 SC226210 2023-01-01 2023-12-31 SC226210 bus:FilletedAccounts 2023-01-01 2023-12-31 SC226210 bus:SmallEntities 2023-01-01 2023-12-31 SC226210 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC226210 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC226210 bus:Director1 2023-01-01 2023-12-31 SC226210 bus:Director2 2023-01-01 2023-12-31 SC226210 bus:Director3 2023-01-01 2023-12-31 SC226210 bus:Director4 2023-01-01 2023-12-31 SC226210 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-01-01 2023-12-31 SC226210 2022-01-01 2022-12-31 SC226210 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 SC226210 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 SC226210 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC226210 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC226210 (Scotland)

EIJ DEVELOPMENTS LIMITED

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

EIJ DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

EIJ DEVELOPMENTS LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023
EIJ DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 1,572,895 2,033,046
1,572,895 2,033,046
Current assets
Debtors 4 526,964 467,666
Cash at bank and in hand 10,373 487,912
537,337 955,578
Creditors: amounts falling due within one year 5 ( 6,924) ( 6,751)
Net current assets 530,413 948,827
Total assets less current liabilities 2,103,308 2,981,873
Creditors: amounts falling due after more than one year 6 ( 738,400) ( 1,632,400)
Net assets 1,364,908 1,349,473
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 1,364,808 1,349,373
Total shareholders' funds 1,364,908 1,349,473

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 EIJ Developments Limited (registered number: SC226210) were approved and authorised for issue by the Board of Directors on 19 September 2024. They were signed on its behalf by:

Ian Buchan
Director
EIJ DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
EIJ DEVELOPMENTS 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

EIJ Developments 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 14 Carden Place, Aberdeen, AB10 1UR, United Kingdom.

The financial statements have been prepared under the historical cost convention 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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 25 years straight line
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 Statement of Income and Retained Earnings 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).

Financial 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include, deposits held at call with bank.

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.

Basic financial assets
Basic financial assets, which include bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, 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. If not, they are presented as non-current liabilities.

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 4 4

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2023 11,503,772 11,503,772
At 31 December 2023 11,503,772 11,503,772
Accumulated amortisation
At 01 January 2023 9,470,726 9,470,726
Charge for the financial year 460,151 460,151
At 31 December 2023 9,930,877 9,930,877
Net book value
At 31 December 2023 1,572,895 1,572,895
At 31 December 2022 2,033,046 2,033,046

4. Debtors

2023 2022
£ £
Other debtors 526,964 467,666

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 3,615 4,252
Other creditors 3,309 2,499
6,924 6,751

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

2023 2022
£ £
Other creditors 738,400 1,632,400

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Other long term loans 738,400 1,632,400