Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr Brian Barbour 04/05/2022 Brian Barbour 04/05/2022 Ian Barbour 13/09/2023 04/05/2022 27 February 2025 The principal activity of the Company during the year was that of operating a storage centre. SC731339 2024-05-31 SC731339 bus:Director1 2024-05-31 SC731339 bus:Director2 2024-05-31 SC731339 bus:Director3 2024-05-31 SC731339 2023-05-31 SC731339 core:CurrentFinancialInstruments 2024-05-31 SC731339 core:CurrentFinancialInstruments 2023-05-31 SC731339 core:ShareCapital 2024-05-31 SC731339 core:ShareCapital 2023-05-31 SC731339 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC731339 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC731339 core:LeaseholdImprovements 2023-05-31 SC731339 core:FurnitureFittings 2023-05-31 SC731339 core:ComputerEquipment 2023-05-31 SC731339 core:LeaseholdImprovements 2024-05-31 SC731339 core:FurnitureFittings 2024-05-31 SC731339 core:ComputerEquipment 2024-05-31 SC731339 bus:OrdinaryShareClass1 2024-05-31 SC731339 2023-06-01 2024-05-31 SC731339 bus:FilletedAccounts 2023-06-01 2024-05-31 SC731339 bus:SmallEntities 2023-06-01 2024-05-31 SC731339 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC731339 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC731339 bus:Director1 2023-06-01 2024-05-31 SC731339 bus:Director2 2023-06-01 2024-05-31 SC731339 bus:Director3 2023-06-01 2024-05-31 SC731339 core:ComputerEquipment 2023-06-01 2024-05-31 SC731339 2022-06-01 2023-05-31 SC731339 core:LeaseholdImprovements 2023-06-01 2024-05-31 SC731339 core:FurnitureFittings 2023-06-01 2024-05-31 SC731339 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC731339 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC731339 (Scotland)

STORAGE DEN LIMITED

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

STORAGE DEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

STORAGE DEN LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
STORAGE DEN LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 112,395 0
112,395 0
Current assets
Debtors 5 6,428 0
Cash at bank and in hand 6 15,694 0
22,122 0
Creditors: amounts falling due within one year 7 ( 143,442) 100
Net current (liabilities)/assets (121,320) 100
Total assets less current liabilities (8,925) 100
Net (liabilities)/assets ( 8,925) 100
Capital and reserves
Called-up share capital 8 80 100
Profit and loss account ( 9,005 ) 0
Total shareholder's (deficit)/funds ( 8,925) 100

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Storage Den Limited (registered number: SC731339) were approved and authorised for issue by the Board of Directors on 27 February 2025. They were signed on its behalf by:

Mr Brian Barbour
Director
STORAGE DEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
STORAGE DEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 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

Storage Den 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 5 South Charlotte Street, Edinburgh, EH2 4AN, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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:

Leasehold improvements not depreciated
Fixtures and fittings not depreciated
Computer equipment 25 % reducing balance
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director not on the payroll 1 1

4. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 June 2023 0 0 0 0
Additions 1,450 110,625 384 112,459
At 31 May 2024 1,450 110,625 384 112,459
Accumulated depreciation
At 01 June 2023 0 0 0 0
Charge for the financial year 0 0 64 64
At 31 May 2024 0 0 64 64
Net book value
At 31 May 2024 1,450 110,625 320 112,395
At 31 May 2023 0 0 0 0

5. Debtors

2024 2023
£ £
Prepayments 3,881 0
VAT recoverable 2,547 0
6,428 0

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 15,694 0

7. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 139,920 ( 100)
Accruals and deferred income 3,522 0
143,442 ( 100)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
80 Ordinary shares of £ 1.00 each (2023: 100 shares of £ 1.00 each) 80 100

During the year, 20 ordinary shares of £1.00 each were cancelled.

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to director 139,920 0