0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 35,381 35,381 35,381 xbrli:pure xbrli:shares iso4217:GBP SC148685 2024-01-01 2024-12-31 SC148685 2024-12-31 SC148685 2023-12-31 SC148685 2023-01-01 2023-12-31 SC148685 2023-12-31 SC148685 2022-12-31 SC148685 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC148685 bus:Director3 2024-01-01 2024-12-31 SC148685 core:WithinOneYear 2024-12-31 SC148685 core:WithinOneYear 2023-12-31 SC148685 core:ShareCapital 2024-12-31 SC148685 core:ShareCapital 2023-12-31 SC148685 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 SC148685 core:Non-currentFinancialInstruments 2024-12-31 SC148685 core:Non-currentFinancialInstruments 2023-12-31 SC148685 bus:SmallEntities 2024-01-01 2024-12-31 SC148685 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC148685 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC148685 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC148685 bus:FullAccounts 2024-01-01 2024-12-31 SC148685 bus:OrdinaryShareClass1 2024-12-31 SC148685 bus:OrdinaryShareClass1 2023-12-31
COMPANY REGISTRATION NUMBER: SC148685
Sundial Holdings (Gilmerton) Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Sundial Holdings (Gilmerton) Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
35,381
35,381
Creditors: amounts falling due within one year
6
35,169
35,169
--------
--------
Net current liabilities
35,169
35,169
--------
--------
Total assets less current liabilities
212
212
----
----
Capital and reserves
Called up share capital
7
212
212
----
----
Shareholder funds
212
212
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 January 2025 , and are signed on behalf of the board by:
W J Gray Muir
Director
Company registration number: SC148685
Sundial Holdings (Gilmerton) Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
Sundial Holdings (Gilmerton) Limited is a private company limited by shares that is incorporated and domiciled in Scotland with registered company number SC148685 . The registered office is 14-18 Hill Street, Edinburgh, EH2 3JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
These financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The financial statements have been prepared on a going concern basis. The director has assessed the company's ability to continue as a going concern and has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Average number of employees
The average number of employees during the year, including directors, was 0 (2023: 0).
5. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
35,381
--------
Impairment
At 1 January 2024 and 31 December 2024
--------
Carrying amount
At 31 December 2024
35,381
--------
At 31 December 2023
35,381
--------
The company owns 100% (2023: 100%) of Sundial Properties Limited, a property investment and development company. It also owns 100% of the share capital of Sundial CS Limited, a property rental company.
Sundial Properties Limited owns 100% of the issued share capital of Sundial (Drumsheugh) Limited, a property investment company. In addition, Sundial Properties Limited owns 100% of the issued share capital of Drum 18 Limited, and 75% of RW Leith Limited, both of which are property development companies.
Drum18 Ltd was dissolved on 31 December 2024.
All of the above companies are registered in Scotland.
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
35,169
35,169
--------
--------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
212
212
212
212
----
----
----
----
8. Related party transactions
The company has taken advantage of exemption under FRS 102 Section 1A from the requirement to disclose information with entities that are wholly owned in the group.
9. Controlling party
The company's ultimate parent undertaking is Sundial Holdings Limited, a company incorporated in Scotland.