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REGISTERED NUMBER: SC651816 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Speyside Centre Limited

Speyside Centre Limited (Registered number: SC651816)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Speyside Centre Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs E Lambie
I D Lambie
C A Lambie





REGISTERED OFFICE: Speyside Centre Ltd
Skye Of Curr Road
Dulnain Bridge
Grantown-on-Spey
PH26 3PA





REGISTERED NUMBER: SC651816 (Scotland)





ACCOUNTANTS: Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN

Speyside Centre Limited (Registered number: SC651816)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 600,585 616,065
Investments 5 - 27,500
Investment property 6 590,000 590,000
1,190,585 1,233,565

CURRENT ASSETS
Stocks 70,390 77,311
Debtors 7 952 19,713
Cash at bank and in hand 39,319 37,601
110,661 134,625
CREDITORS
Amounts falling due within one year 8 351,459 299,018
NET CURRENT LIABILITIES (240,798 ) (164,393 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

949,787

1,069,172

CREDITORS
Amounts falling due after more than one
year

9

(681,724

)

(726,859

)

PROVISIONS FOR LIABILITIES (15,954 ) (19,409 )
NET ASSETS 252,109 322,904

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 251,909 322,704
252,109 322,904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Speyside Centre Limited (Registered number: SC651816)

Balance Sheet - continued
31 January 2024


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 18 December 2024 and were signed on its behalf by:





C A Lambie - Director


Speyside Centre Limited (Registered number: SC651816)

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

1. STATUTORY INFORMATION

Speyside Centre 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Speyside Centre Limited (Registered number: SC651816)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 594,911 96,838 691,749
Additions 3,789 15,458 19,247
At 31 January 2024 598,700 112,296 710,996
DEPRECIATION
At 1 February 2023 28,196 47,488 75,684
Charge for year 11,899 22,828 34,727
At 31 January 2024 40,095 70,316 110,411
NET BOOK VALUE
At 31 January 2024 558,605 41,980 600,585
At 31 January 2023 566,715 49,350 616,065

The property incorporated from Speyside Heather Centre shown on the balance sheet has been introduced into the company at valuation which is the deemed cost.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023 27,500
Disposals (27,500 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 27,500

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 590,000
NET BOOK VALUE
At 31 January 2024 590,000
At 31 January 2023 590,000

Speyside Centre Limited (Registered number: SC651816)

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

6. INVESTMENT PROPERTY - continued

In the opinion of the directors, the valuation of the investment properties remains unchanged for this financial year.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 952 839
Other debtors - 18,874
952 19,713

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,906 -
Hire purchase contracts (see note 10) - 4,583
Trade creditors 47,481 36,110
Taxation and social security 19,575 27,911
Other creditors 264,497 230,414
351,459 299,018

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 634,089 670,415
Other creditors 47,635 56,444
681,724 726,859

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 507,775 543,415
Other loans more 5yrs instal 12,400 21,209
520,175 564,624

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 4,583

Speyside Centre Limited (Registered number: SC651816)

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

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,065 3,576
Between one and five years - 3,065
3,065 6,641

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Speyside Centre 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 Speyside Centre Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Speyside Centre 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 Speyside Centre Limited and state those matters that we have agreed to state to the Board of Directors of Speyside Centre Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

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 Speyside Centre 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 loss of Speyside Centre Limited. You consider that Speyside Centre 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 Speyside Centre 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.






Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN


18 December 2024