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REGISTERED NUMBER: SC571247 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SCATSTA INVESTMENTS LIMITED

SCATSTA INVESTMENTS LIMITED (REGISTERED NUMBER: SC571247)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

SCATSTA INVESTMENTS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F Hunter
Mrs E Hunter





REGISTERED OFFICE: Scatsta Farm
Brae
United Kingdom
Shetland
ZE2 9QP





REGISTERED NUMBER: SC571247 (Scotland)





ACCOUNTANTS: Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL

SCATSTA INVESTMENTS LIMITED (REGISTERED NUMBER: SC571247)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 916,757 832,720

CURRENT ASSETS
Cash at bank 44,055 53,892

CREDITORS
Amounts falling due within one year 5 3,613 27,852
NET CURRENT ASSETS 40,442 26,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

957,199

858,760

PROVISIONS FOR LIABILITIES 26,513 32,338
NET ASSETS 930,686 826,422

CAPITAL AND RESERVES
Called up share capital 6 1,000,000 1,000,000
Fair value reserve 7 79,539 (137,863 )
Retained earnings 7 (148,853 ) (35,715 )
SHAREHOLDERS' FUNDS 930,686 826,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





F Hunter - Director


SCATSTA INVESTMENTS LIMITED (REGISTERED NUMBER: SC571247)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Scatsta Investments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 832,720
Additions 45,529
Disposals (51,429 )
Revaluations 89,937
At 31 March 2024 916,757
NET BOOK VALUE
At 31 March 2024 916,757
At 31 March 2023 832,720

SCATSTA INVESTMENTS LIMITED (REGISTERED NUMBER: SC571247)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2020 (372,250 )
Valuation in 2021 223,790
Valuation in 2022 58,415
Valuation in 2023 (80,203 )
Valuation in 2024 89,937
Cost 997,068
916,757

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings - 26,052
Directors' loan accounts 1,800 -
Accruals and deferred income 1,813 1,800
3,613 27,852

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000,000 Ordinary £1 1,000,000 1,000,000

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 (35,715 ) (137,863 ) (173,578 )
Profit for the year 104,264 104,264
Profit & loss transfer (217,402 ) 217,402 -
At 31 March 2024 (148,853 ) 79,539 (69,314 )

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs E Hunter
Balance outstanding at start of year - -
Amounts repaid (1,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,800 ) -

SCATSTA INVESTMENTS LIMITED (REGISTERED NUMBER: SC571247)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

This loan is interest free and repayable on demand.

Intercompany Loans

At the year ended 31st March 2024, Scatsta Investments Limited were due £nil (2023: £26,052) to Scatsta Farm Limited. Mr and Mrs Hunter are directors of Scatsta Farm Limited (undergoing a Members' Voluntary Liquidation).

9. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is deemed to be Mr and Mrs Hunter.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Scatsta Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scatsta Investments Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Scatsta Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scatsta Investments Limited and state those matters that we have agreed to state to the Board of Directors of Scatsta Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Scatsta Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scatsta Investments Limited. You consider that Scatsta Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Scatsta Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL


8 November 2024