Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Crinan Dunbar 04/06/2007 30 August 2024 no description of principal activity SC067456 2023-12-31 SC067456 bus:Director1 2023-12-31 SC067456 2022-12-31 SC067456 core:CurrentFinancialInstruments 2023-12-31 SC067456 core:CurrentFinancialInstruments 2022-12-31 SC067456 core:ShareCapital 2023-12-31 SC067456 core:ShareCapital 2022-12-31 SC067456 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC067456 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC067456 core:LandBuildings 2022-12-31 SC067456 core:LandBuildings 2023-12-31 SC067456 bus:OrdinaryShareClass1 2023-12-31 SC067456 2023-01-01 2023-12-31 SC067456 bus:FilletedAccounts 2023-01-01 2023-12-31 SC067456 bus:SmallEntities 2023-01-01 2023-12-31 SC067456 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC067456 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC067456 bus:Director1 2023-01-01 2023-12-31 SC067456 2022-01-01 2022-12-31 SC067456 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC067456 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC067456 (Scotland)

PITGAVENY TRADING COMPANY LIMITED

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

PITGAVENY TRADING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

PITGAVENY TRADING COMPANY LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023
PITGAVENY TRADING COMPANY LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 65,979 65,979
65,979 65,979
Current assets
Debtors 4 59,492 1,492
Cash at bank and in hand 1,515 47,722
61,007 49,214
Creditors: amounts falling due within one year 5 ( 5,794) ( 5,820)
Net current assets 55,213 43,394
Total assets less current liabilities 121,192 109,373
Net assets 121,192 109,373
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 121,092 109,273
Total shareholders' funds 121,192 109,373

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 Pitgaveny Trading Company Limited (registered number: SC067456) were approved and authorised for issue by the Director on 30 August 2024. They were signed on its behalf by:

Crinan Dunbar
Director
PITGAVENY TRADING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
PITGAVENY TRADING COMPANY 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

Pitgaveny Trading Company 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 Pitgaveny Farm Office, Pitgaveny, Elgin, IV30 5PQ, Scotland, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received for goods provided in the normal course of business.

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.

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 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:

Land and buildings not depreciated
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 Profit and Loss Account as described below.

Cash and cash equivalents

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

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

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 January 2023 65,979 65,979
At 31 December 2023 65,979 65,979
Accumulated depreciation
At 01 January 2023 0 0
At 31 December 2023 0 0
Net book value
At 31 December 2023 65,979 65,979
At 31 December 2022 65,979 65,979

4. Debtors

2023 2022
£ £
Other debtors 59,492 1,492

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 2,772 2,771
Other creditors 3,022 3,049
5,794 5,820

6. Called-up share capital

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

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amounts due from key management personnel 58,000 0

This balance is unsecured, interest free and has no fixed terms of repayment.