Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr D Dewsbury 24/02/2022 Mrs K Fairlie 04/09/2020 Mr S Mclaughlin 24/02/2022 Kate Jane Fairlie 17 October 2024 The principal activity of the Company during the financial period was that of a holding company. SC673260 2024-03-31 SC673260 bus:Director1 2024-03-31 SC673260 bus:Director2 2024-03-31 SC673260 bus:Director3 2024-03-31 SC673260 2023-03-31 SC673260 core:CurrentFinancialInstruments 2024-03-31 SC673260 core:CurrentFinancialInstruments 2023-03-31 SC673260 core:ShareCapital 2024-03-31 SC673260 core:ShareCapital 2023-03-31 SC673260 core:SharePremium 2024-03-31 SC673260 core:SharePremium 2023-03-31 SC673260 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC673260 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC673260 core:CostValuation 2023-03-31 SC673260 core:CostValuation 2024-03-31 SC673260 bus:OrdinaryShareClass1 2024-03-31 SC673260 bus:OrdinaryShareClass2 2024-03-31 SC673260 2023-04-01 2024-03-31 SC673260 bus:FilletedAccounts 2023-04-01 2024-03-31 SC673260 bus:SmallEntities 2023-04-01 2024-03-31 SC673260 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC673260 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC673260 bus:Director1 2023-04-01 2024-03-31 SC673260 bus:Director2 2023-04-01 2024-03-31 SC673260 bus:Director3 2023-04-01 2024-03-31 SC673260 bus:Director4 2023-04-01 2024-03-31 SC673260 2022-04-01 2023-03-31 SC673260 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC673260 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC673260 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 SC673260 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC673260 (Scotland)

ANDREW FAIRLIE HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

ANDREW FAIRLIE HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

ANDREW FAIRLIE HOLDINGS LTD

BALANCE SHEET

AS AT 31 MARCH 2024
ANDREW FAIRLIE HOLDINGS LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 658,065 658,065
658,065 658,065
Current assets
Debtors 4 8,298 13,802
Cash at bank and in hand 5 8,304 4,600
16,602 18,402
Creditors: amounts falling due within one year 6 0 ( 1,800)
Net current assets 16,602 16,602
Total assets less current liabilities 674,667 674,667
Net assets 674,667 674,667
Capital and reserves
Called-up share capital 7 1,000 1,000
Share premium account 331,067 331,067
Profit and loss account 342,600 342,600
Total shareholders' funds 674,667 674,667

For the financial year ending 31 March 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 Andrew Fairlie Holdings Ltd (registered number: SC673260) were approved and authorised for issue by the Board of Directors on 17 October 2024. They were signed on its behalf by:

Kate Jane Fairlie
Director
ANDREW FAIRLIE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
ANDREW FAIRLIE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 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

Andrew Fairlie Holdings Ltd (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 Gleneagles Hotel, Auchterarder, Perthshire, PH3 1NF, 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 £.

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.

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.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established.

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.

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.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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.

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

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 658,065
At 31 March 2024 658,065
Carrying value at 31 March 2024 658,065
Carrying value at 31 March 2023 658,065

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 8,298 13,802

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 8,304 4,600

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 0 1,800

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
640 A ordinary shares of £ 1.00 each 640 640
360 B ordinary shares of £ 1.00 each 360 360
1,000 1,000