Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Catherine Alice Brewster 27/09/2011 George Pattullo Brewster 12/11/1999 04 November 2024 The principal activity of the Company during the financial year was property letting. SC201298 2024-03-31 SC201298 bus:Director1 2024-03-31 SC201298 bus:Director2 2024-03-31 SC201298 2023-03-31 SC201298 core:CurrentFinancialInstruments 2024-03-31 SC201298 core:CurrentFinancialInstruments 2023-03-31 SC201298 core:ShareCapital 2024-03-31 SC201298 core:ShareCapital 2023-03-31 SC201298 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC201298 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC201298 bus:OrdinaryShareClass1 2024-03-31 SC201298 2023-04-01 2024-03-31 SC201298 bus:FilletedAccounts 2023-04-01 2024-03-31 SC201298 bus:SmallEntities 2023-04-01 2024-03-31 SC201298 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC201298 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC201298 bus:Director1 2023-04-01 2024-03-31 SC201298 bus:Director2 2023-04-01 2024-03-31 SC201298 2022-04-01 2023-03-31 SC201298 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 SC201298 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC201298 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC201298 (Scotland)

P.A.R. PORTFOLIO LIMITED

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

P.A.R. PORTFOLIO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

P.A.R. PORTFOLIO LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024
P.A.R. PORTFOLIO LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 540,543 540,543
540,543 540,543
Current assets
Debtors 4 3,335 4,002
Cash at bank and in hand 151,902 139,303
155,237 143,305
Creditors: amounts falling due within one year 5 ( 130,700) ( 96,270)
Net current assets 24,537 47,035
Total assets less current liabilities 565,080 587,578
Net assets 565,080 587,578
Capital and reserves
Called-up share capital 6 40 40
Profit and loss account 565,040 587,538
Total shareholders' funds 565,080 587,578

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 P.A.R. Portfolio Limited (registered number: SC201298) were approved and authorised for issue by the Board of Directors on 04 November 2024. They were signed on its behalf by:

George Pattullo Brewster
Director
P.A.R. PORTFOLIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
P.A.R. PORTFOLIO LIMITED

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

P.A.R. Portfolio 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 Lanark House, Ballinshoe, Kirriemuir, DD8 5QF, 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 rent receivable in the year.

Turnover is recognised on the accruals basis.

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.

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.

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 2 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 540,543
As at 31 March 2024 540,543

Valuation

Investment property comprises industrial and retail premises. The director believes the cost of the investment properties is not materially different from their fair value.

4. Debtors

2024 2023
£ £
Other debtors 3,335 4,002

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 24,644 15,647
Other creditors 106,056 80,623
130,700 96,270

Within other creditors is a balance due to director Mr G P Brewster of £70,847 and a tenant deposit of £30,000 which is due to be repaid at a future date.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
40 Ordinary shares of £ 1.00 each 40 40