Silverfin false false 05/04/2024 06/04/2023 05/04/2024 A D Savile 17/09/2012 The Hon J H H J Savile 17/09/2012 The Earl Of Mexborough 15 October 2024 no description of principal activity SC053367 2024-04-05 SC053367 bus:Director1 2024-04-05 SC053367 bus:Director2 2024-04-05 SC053367 2023-04-05 SC053367 core:CurrentFinancialInstruments 2024-04-05 SC053367 core:CurrentFinancialInstruments 2023-04-05 SC053367 core:ShareCapital 2024-04-05 SC053367 core:ShareCapital 2023-04-05 SC053367 core:RetainedEarningsAccumulatedLosses 2024-04-05 SC053367 core:RetainedEarningsAccumulatedLosses 2023-04-05 SC053367 core:LandBuildings 2023-04-05 SC053367 core:OtherPropertyPlantEquipment 2023-04-05 SC053367 core:LandBuildings 2024-04-05 SC053367 core:OtherPropertyPlantEquipment 2024-04-05 SC053367 core:CostValuation 2023-04-05 SC053367 core:CostValuation 2024-04-05 SC053367 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-04-05 SC053367 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-05 SC053367 2022-04-05 SC053367 2023-04-06 2024-04-05 SC053367 bus:FilletedAccounts 2023-04-06 2024-04-05 SC053367 bus:SmallEntities 2023-04-06 2024-04-05 SC053367 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 SC053367 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 SC053367 bus:Director1 2023-04-06 2024-04-05 SC053367 bus:Director2 2023-04-06 2024-04-05 SC053367 bus:Director3 2023-04-06 2024-04-05 SC053367 core:LandBuildings core:BottomRangeValue 2023-04-06 2024-04-05 SC053367 core:LandBuildings core:TopRangeValue 2023-04-06 2024-04-05 SC053367 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-04-06 2024-04-05 SC053367 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-04-06 2024-04-05 SC053367 2022-04-06 2023-04-05 SC053367 core:LandBuildings 2023-04-06 2024-04-05 SC053367 core:OtherPropertyPlantEquipment 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Company No: SC053367 (Scotland)

METHLEY ESTATES (HOLDINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 05 April 2024
Pages for filing with the registrar

METHLEY ESTATES (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 05 April 2024

Contents

METHLEY ESTATES (HOLDINGS) LIMITED

COMPANY INFORMATION

For the financial year ended 05 April 2024
METHLEY ESTATES (HOLDINGS) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 05 April 2024
DIRECTORS A D Savile
The Hon J H H J Savile
The Earl Of Mexborough
REGISTERED OFFICE 4th Floor
115 George Street
Edinburgh
EH2 4JN
United Kingdom
COMPANY NUMBER SC053367 (Scotland)
METHLEY ESTATES (HOLDINGS) LIMITED

BALANCE SHEET

As at 05 April 2024
METHLEY ESTATES (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 05 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,817,037 1,807,387
Investments 4 3,676 3,676
1,820,713 1,811,063
Current assets
Debtors 5 75,394 66,300
Cash at bank and in hand 186,606 185,867
262,000 252,167
Creditors: amounts falling due within one year 6 ( 44,668) ( 72,207)
Net current assets 217,332 179,960
Total assets less current liabilities 2,038,045 1,991,023
Net assets 2,038,045 1,991,023
Capital and reserves
Called-up share capital 1,160,000 1,160,000
Profit and loss account 878,045 831,023
Total shareholder's funds 2,038,045 1,991,023

For the financial year ending 05 April 2024 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 Methley Estates (Holdings) Limited (registered number: SC053367) were approved and authorised for issue by the Board of Directors on 15 October 2024. They were signed on its behalf by:

The Hon J H H J Savile
Director
METHLEY ESTATES (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
METHLEY ESTATES (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
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

Methley Estates (Holdings) 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 4th Floor, 115 George Street, Edinburgh, EH2 4JN, 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 financial statements have been prepared on a going concern basis as the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future.

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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and is shown net of value added tax.

Income from the sale of Christmas trees is recognised in the period in which the goods are delivered.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives.

Land and buildings 0 - 10 years straight line
Plant and machinery etc. 5 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments in subsidiary undertakings are recorded at cost less provision for any impairments. Other investments are measured at fair value when it can be reliably estimated, otherwise they are measured at cost less impairment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Other operating income

Other operating income comprises subsidies, rental income and other sundry income, net of VAT. Rental income is recognised on an accruals basis. Income from subsidies is recognised once all conditions for eligibility have been met.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year. 1 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 06 April 2023 2,009,628 23,867 2,033,495
Additions 5,052 10,000 15,052
At 05 April 2024 2,014,680 33,867 2,048,547
Accumulated depreciation
At 06 April 2023 205,513 20,595 226,108
Charge for the financial year 4,452 950 5,402
At 05 April 2024 209,965 21,545 231,510
Net book value
At 05 April 2024 1,804,715 12,322 1,817,037
At 05 April 2023 1,804,115 3,272 1,807,387

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 06 April 2023 1,000
At 05 April 2024 1,000
Carrying value at 05 April 2024 1,000
Carrying value at 05 April 2023 1,000

Other investments Total
£ £
Cost or valuation before impairment
At 06 April 2023 2,676 2,676
At 05 April 2024 2,676 2,676
Carrying value at 05 April 2024 2,676 2,676
Carrying value at 05 April 2023 2,676 2,676

5. Debtors

2024 2023
£ £
Trade debtors 28,500 29,615
Amounts owed by related parties 13,053 8,853
Deferred tax asset 19,958 10,594
Other debtors 13,883 17,238
75,394 66,300

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 17,052 32,745
Other creditors 27,616 39,462
44,668 72,207

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 10,594 0
Credited to the Profit and Loss Account 9,364 10,594
At the end of financial year 19,958 10,594

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 20,271 40,913