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REGISTERED NUMBER: SC461225 (Scotland)










Unaudited Financial Statements

for the Period 1 November 2022 to 30 April 2024

for

NORTHESK INVESTMENTS LIMITED

NORTHESK INVESTMENTS LIMITED (Registered number: SC461225)






Contents of the Financial Statements
for the Period 1 November 2022 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHESK INVESTMENTS LIMITED

Company Information
for the Period 1 November 2022 to 30 April 2024







DIRECTOR: W McDonald





SECRETARY:





REGISTERED OFFICE: 16 Littlewood Gardens
Montrose
Angus
DD10 9LX





REGISTERED NUMBER: SC461225 (Scotland)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

NORTHESK INVESTMENTS LIMITED (Registered number: SC461225)

Balance Sheet
30 April 2024

30.4.24 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,864 133,795
Investment property 5 2,091,394 1,956,207
2,212,258 2,090,002

CURRENT ASSETS
Stocks 305,000 -
Debtors 6 10,516 5,327
Cash at bank 366 461
315,882 5,788
CREDITORS
Amounts falling due within one year 7 613,373 1,099,468
NET CURRENT LIABILITIES (297,491 ) (1,093,680 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,914,767

996,322

CREDITORS
Amounts falling due after more than one
year

8

898,320

-
NET ASSETS 1,016,447 996,322

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 939,140 939,140
Retained earnings 77,305 57,180
SHAREHOLDERS' FUNDS 1,016,447 996,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NORTHESK INVESTMENTS LIMITED (Registered number: SC461225)

Balance Sheet - continued
30 April 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 director and authorised for issue on 28 January 2025 and were signed by:





W McDonald - Director


NORTHESK INVESTMENTS LIMITED (Registered number: SC461225)

Notes to the Financial Statements
for the Period 1 November 2022 to 30 April 2024

1. STATUTORY INFORMATION

NORTHESK 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.

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.

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.

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 period 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 period 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 period was 4 (2022 - 4 ) .

NORTHESK INVESTMENTS LIMITED (Registered number: SC461225)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 75,118 115,417 190,535
Additions - 4,662 4,662
At 30 April 2024 75,118 120,079 195,197
DEPRECIATION
At 1 November 2022 - 56,740 56,740
Charge for period - 17,593 17,593
At 30 April 2024 - 74,333 74,333
NET BOOK VALUE
At 30 April 2024 75,118 45,746 120,864
At 31 October 2022 75,118 58,677 133,795

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,956,207
Additions 135,187
At 30 April 2024 2,091,394
NET BOOK VALUE
At 30 April 2024 2,091,394
At 31 October 2022 1,956,207

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2018 334,151
Valuation in 2019 1,265,849
Valuation in 2020 101,165
Valuation in 2021 236,175
Valuation in 2022 18,867
Valuation in 2024 135,187
2,091,394

If investment property had not been revalued it would have been included at the following historical cost:

30.4.24 31.10.22
£    £   
Cost 762,025 762,025

NORTHESK INVESTMENTS LIMITED (Registered number: SC461225)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.10.22
£    £   
Other debtors 10,516 5,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.10.22
£    £   
Bank loans and overdrafts 35,884 581,204
Trade creditors 410,690 12,844
Taxation and social security 18,251 13,091
Other creditors 148,548 492,329
613,373 1,099,468

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 31.10.22
£    £   
Bank loans 898,320 -

9. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 30 April 2024 939,140