Silverfin false false 30/01/2024 31/01/2023 30/01/2024 Mrs J A Taylor 19/06/1999 Mr N A Taylor 19/06/1999 15 October 2024 The principal activity of the Company during the financial year continued to be that of property rental. SC093032 2024-01-30 SC093032 bus:Director1 2024-01-30 SC093032 bus:Director2 2024-01-30 SC093032 2023-01-30 SC093032 core:CurrentFinancialInstruments 2024-01-30 SC093032 core:CurrentFinancialInstruments 2023-01-30 SC093032 core:ShareCapital 2024-01-30 SC093032 core:ShareCapital 2023-01-30 SC093032 core:RevaluationReserve 2024-01-30 SC093032 core:RevaluationReserve 2023-01-30 SC093032 core:RetainedEarningsAccumulatedLosses 2024-01-30 SC093032 core:RetainedEarningsAccumulatedLosses 2023-01-30 SC093032 core:OtherPropertyPlantEquipment 2023-01-30 SC093032 core:OtherPropertyPlantEquipment 2024-01-30 SC093032 bus:OrdinaryShareClass1 2024-01-30 SC093032 2023-01-31 2024-01-30 SC093032 bus:FilletedAccounts 2023-01-31 2024-01-30 SC093032 bus:SmallEntities 2023-01-31 2024-01-30 SC093032 bus:AuditExemptWithAccountantsReport 2023-01-31 2024-01-30 SC093032 bus:PrivateLimitedCompanyLtd 2023-01-31 2024-01-30 SC093032 bus:Director1 2023-01-31 2024-01-30 SC093032 bus:Director2 2023-01-31 2024-01-30 SC093032 core:OtherPropertyPlantEquipment 2023-01-31 2024-01-30 SC093032 2022-01-31 2023-01-30 SC093032 bus:OrdinaryShareClass1 2023-01-31 2024-01-30 SC093032 bus:OrdinaryShareClass1 2022-01-31 2023-01-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC093032 (Scotland)

SANUS MOOR LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JANUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

SANUS MOOR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JANUARY 2024

Contents

SANUS MOOR LIMITED

BALANCE SHEET

AS AT 30 JANUARY 2024
SANUS MOOR LIMITED

BALANCE SHEET (continued)

AS AT 30 JANUARY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,110 330
Investment property 4 226,437 224,477
227,547 224,807
Current assets
Debtors 5 4,853 14,073
Cash at bank and in hand 19,489 29,726
24,342 43,799
Creditors: amounts falling due within one year 6 ( 4,878) ( 11,061)
Net current assets 19,464 32,738
Total assets less current liabilities 247,011 257,545
Net assets 247,011 257,545
Capital and reserves
Called-up share capital 7 5,000 5,000
Revaluation reserve 108,455 108,455
Profit and loss account 133,556 144,090
Total shareholders' funds 247,011 257,545

For the financial year ending 30 January 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 Sanus Moor Limited (registered number: SC093032) were approved and authorised for issue by the Board of Directors on 15 October 2024. They were signed on its behalf by:

Mrs J A Taylor
Director
SANUS MOOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JANUARY 2024
SANUS MOOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JANUARY 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

Sanus Moor 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 C/O Johnston Carmichael Bishop's Court, 29 Albyn Place, Aberdeen, AB10 1YL, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 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.

Turnover

Turnover represents rental income receivable on investment properties.

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 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:

Plant and machinery etc. 25 % reducing balance

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.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and bank in hand are basic financial assets and include cash in hand and deposits held at call with banks.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

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 at transaction price.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 31 January 2023 1,432 1,432
Additions 920 920
At 30 January 2024 2,352 2,352
Accumulated depreciation
At 31 January 2023 1,102 1,102
Charge for the financial year 140 140
At 30 January 2024 1,242 1,242
Net book value
At 30 January 2024 1,110 1,110
At 30 January 2023 330 330

4. Investment property

Investment property
£
Valuation
As at 31 January 2023 224,477
Additions 1,960
As at 30 January 2024 226,437

Valuation

The directors valued the investment properties at £226,437 (2023 - £224.477) on fair value at 30 January 2024.

5. Debtors

2024 2023
£ £
Corporation tax 3,327 3,327
Other debtors 1,526 10,746
4,853 14,073

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 4,878 11,061

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
5,000 Ordinary shares of £ 1.00 each 5,000 5,000

8. Related party transactions

Transactions with the entity's directors

Advances

As at 31 January 2023, the company was owed £9,391 by the directors. During the accounting year, £9,180 has been repaid and a further £1,000 advanced. As at 30 January 2024, the balance owed by the directors was £1,211. The balance is unsecured and has no fixed terms of repayment.