Silverfin false false 31/12/2023 01/01/2023 31/12/2023 R Ballantyne 20/01/2015 J Manclark 20/07/2020 R Milne 03/12/2021 19 September 2024 The principal activity of the Company during the financial year was that of property development. SC495471 2023-12-31 SC495471 bus:Director1 2023-12-31 SC495471 bus:Director2 2023-12-31 SC495471 bus:Director3 2023-12-31 SC495471 2022-12-31 SC495471 core:CurrentFinancialInstruments 2023-12-31 SC495471 core:CurrentFinancialInstruments 2022-12-31 SC495471 core:ShareCapital 2023-12-31 SC495471 core:ShareCapital 2022-12-31 SC495471 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC495471 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC495471 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-12-31 SC495471 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-12-31 SC495471 bus:OrdinaryShareClass1 2023-12-31 SC495471 2023-01-01 2023-12-31 SC495471 bus:FilletedAccounts 2023-01-01 2023-12-31 SC495471 bus:SmallEntities 2023-01-01 2023-12-31 SC495471 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC495471 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC495471 bus:Director1 2023-01-01 2023-12-31 SC495471 bus:Director2 2023-01-01 2023-12-31 SC495471 bus:Director3 2023-01-01 2023-12-31 SC495471 2022-01-01 2022-12-31 SC495471 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 SC495471 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC495471 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC495471 (Scotland)

MB EDINBURGH INVESTMENTS LIMITED

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

MB EDINBURGH INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

MB EDINBURGH INVESTMENTS LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023
MB EDINBURGH INVESTMENTS LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
2023 2022
£ £
Current assets
Stocks 560,534 560,534
Debtors 3 2,749 2,230
Cash at bank and in hand 50,697 58,230
613,980 620,994
Creditors: amounts falling due within one year 4 ( 370,804) ( 379,283)
Net current assets 243,176 241,711
Total assets less current liabilities 243,176 241,711
Net assets 243,176 241,711
Capital and reserves
Called-up share capital 5 400 400
Profit and loss account 242,776 241,311
Total shareholders' funds 243,176 241,711

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 MB Edinburgh Investments Limited (registered number: SC495471) were approved and authorised for issue by the Board of Directors on 19 September 2024. They were signed on its behalf by:

R Ballantyne
Director
MB EDINBURGH INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
MB EDINBURGH INVESTMENTS 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

MB Edinburgh Investments 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, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable in the provision of property development. 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.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

In the Director's judgement the method of valuing stock, held for resale, is appropriate based on their knowledge of the current market.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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 cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. Trade creditors are recognised initially at transaction price.

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. Debtors

2023 2022
£ £
Prepayments 2,479 2,230
Other debtors 270 0
2,749 2,230

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 6,961 514
Amounts owed to related parties 323,489 323,490
Amounts owed to directors 35,870 36,000
Accruals 4,140 3,449
Taxation and social security 344 15,830
370,804 379,283

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

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
400 Ordinary shares of £ 1.00 each 400 400

6. Related party transactions

Other related party transactions

2023 2022
£ £
Amounts owed to a related company through shareholding 206 206
Amounts owed to a related company through directorship 323,283 323,283
Amounts owed to key management personnel 35,870 36,000

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