Silverfin false false 31/12/2023 01/01/2023 31/12/2023 James Spencer Matthews 20/12/2007 19 September 2024 The principal activity of the company during the period was operating a private hire estate. SC335564 2023-12-31 SC335564 bus:Director1 2023-12-31 SC335564 2022-12-31 SC335564 core:CurrentFinancialInstruments 2023-12-31 SC335564 core:CurrentFinancialInstruments 2022-12-31 SC335564 core:ShareCapital 2023-12-31 SC335564 core:ShareCapital 2022-12-31 SC335564 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC335564 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC335564 core:LeaseholdImprovements 2022-12-31 SC335564 core:PlantMachinery 2022-12-31 SC335564 core:Vehicles 2022-12-31 SC335564 core:FurnitureFittings 2022-12-31 SC335564 core:LeaseholdImprovements 2023-12-31 SC335564 core:PlantMachinery 2023-12-31 SC335564 core:Vehicles 2023-12-31 SC335564 core:FurnitureFittings 2023-12-31 SC335564 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 SC335564 core:ImmediateParent core:CurrentFinancialInstruments 2022-12-31 SC335564 2023-01-01 2023-12-31 SC335564 bus:FilletedAccounts 2023-01-01 2023-12-31 SC335564 bus:SmallEntities 2023-01-01 2023-12-31 SC335564 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC335564 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC335564 bus:Director1 2023-01-01 2023-12-31 SC335564 core:LeaseholdImprovements core:TopRangeValue 2023-01-01 2023-12-31 SC335564 core:PlantMachinery core:TopRangeValue 2023-01-01 2023-12-31 SC335564 core:Vehicles core:TopRangeValue 2023-01-01 2023-12-31 SC335564 core:FurnitureFittings core:TopRangeValue 2023-01-01 2023-12-31 SC335564 2022-01-01 2022-12-31 SC335564 core:LeaseholdImprovements 2023-01-01 2023-12-31 SC335564 core:PlantMachinery 2023-01-01 2023-12-31 SC335564 core:Vehicles 2023-01-01 2023-12-31 SC335564 core:FurnitureFittings 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: SC335564 (Scotland)

BEAUFORT GLEN AFFRIC LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

BEAUFORT GLEN AFFRIC LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

BEAUFORT GLEN AFFRIC LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
BEAUFORT GLEN AFFRIC LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR James Spencer Matthews
SECRETARY Neil Stephen Mcguinness
REGISTERED OFFICE Affric Lodge
Cannich
Beauly
IV4 7NB
Scotland
United Kingdom
COMPANY NUMBER SC335564 (Scotland)
CHARTERED ACCOUNTANTS Dixon Wilson
22 Chancery Lane
London
WC2A 1LS
BEAUFORT GLEN AFFRIC LIMITED

BALANCE SHEET

As at 31 December 2023
BEAUFORT GLEN AFFRIC LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,335,555 3,674,579
3,335,555 3,674,579
Current assets
Debtors 4 172,338 86,049
Cash at bank and in hand 307,225 70,139
479,563 156,188
Creditors: amounts falling due within one year 5 ( 12,142,780) ( 11,434,248)
Net current liabilities (11,663,217) (11,278,060)
Total assets less current liabilities (8,327,662) (7,603,481)
Net liabilities ( 8,327,662) ( 7,603,481)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 8,327,762 ) ( 7,603,581 )
Total shareholder's deficit ( 8,327,662) ( 7,603,481)

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.

Director's responsibilities:

The financial statements of Beaufort Glen Affric Limited (registered number: SC335564) were approved and authorised for issue by the Director on 19 September 2024. They were signed on its behalf by:

James Spencer Matthews
Director
BEAUFORT GLEN AFFRIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
BEAUFORT GLEN AFFRIC 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

Beaufort Glen Affric 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 Affric Lodge, Cannich, Beauly, IV4 7NB, Scotland, 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £8,327,662. The Company is supported through loans from the Parent Company. The director is confident that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met 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 represents the amounts derived from the provision of accommodation and other sporting estate services. Turnover is recognised when the services are provided. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. Turnover is stated net of VAT.

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:

Leasehold improvements 15 years straight line
Plant and machinery 4 years straight line
Vehicles 4 years straight line
Fixtures and fittings 4 years straight line
Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year 7 7

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 January 2023 5,412,232 352,801 512,106 472,922 6,750,061
Additions 66,522 5,800 9,581 10,702 92,605
Disposals 0 ( 4,092) 0 0 ( 4,092)
At 31 December 2023 5,478,754 354,509 521,687 483,624 6,838,574
Accumulated depreciation
At 01 January 2023 1,933,253 304,432 396,737 441,060 3,075,482
Charge for the financial year 349,825 11,240 45,626 20,846 427,537
At 31 December 2023 2,283,078 315,672 442,363 461,906 3,503,019
Net book value
At 31 December 2023 3,195,676 38,837 79,324 21,718 3,335,555
At 31 December 2022 3,478,979 48,369 115,369 31,862 3,674,579

4. Debtors

2023 2022
£ £
Trade debtors 172,338 37,991
Accrued income 0 23,278
VAT recoverable 0 24,780
172,338 86,049

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 55,404 71,906
Amounts owed to Parent undertakings (note 6) 11,583,177 11,186,823
Amounts owed to director (note 6) 168,011 19,741
Accruals and deferred income 313,599 155,750
Other taxation and social security 7,785 0
Other creditors 14,804 28
12,142,780 11,434,248

6. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Loans received from parent entity 11,583,177 11,186,823
Rent charged by parent entity 160,000 160,000

Amounts due to the parent entity are interest free, unsecured and payable on demand. Balances with the parent entity were formerly interest bearing, becoming interest free in 2022 with interest of £1,672,743 released.

Transactions with the entity's director

2023 2022
£ £
Loans received from the director 168,011 19,741

Amounts due to the director are interest free, unsecured and payable on demand.

7. Transition to FRS102

The company previously prepared accounts under FRS105. No adjustments were required on transition to FRS102. Deferred tax assets have not been recognised due to uncertainty over the timing and extent to which they will be relieved.

8. Ultimate controlling party

Parent Company:

Beaufort Entreprise SA
Oliaji Trade Centre, Victoria, Mahe, Seychelles