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REGISTERED NUMBER: SC322094 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

BALMOOR INVESTMENTS LTD.

BALMOOR INVESTMENTS LTD. (REGISTERED NUMBER: SC322094)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BALMOOR INVESTMENTS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Dr J M Donaldson
Mrs S Donaldson





REGISTERED OFFICE: Balmoor House
Peterhead
Aberdeenshire
AB42 3BN





REGISTERED NUMBER: SC322094 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

BALMOOR INVESTMENTS LTD. (REGISTERED NUMBER: SC322094)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,458,677 2,403,711

CURRENT ASSETS
Debtors 5 197,677 349,363
Investments 6 355,000 400,000
Cash at bank 3,330,334 2,726,684
3,883,011 3,476,047
CREDITORS
Amounts falling due within one year 7 539,289 582,520
NET CURRENT ASSETS 3,343,722 2,893,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,802,399

5,297,238

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 5,802,394 5,297,233
SHAREHOLDERS' FUNDS 5,802,399 5,297,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 17th March 2025 and were signed on its behalf by:





Dr J M Donaldson - Director


BALMOOR INVESTMENTS LTD. (REGISTERED NUMBER: SC322094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Balmoor Investments Ltd. 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 - not provided
Plant and machinery etc - 25% on reducing balance and 10% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

BALMOOR INVESTMENTS LTD. (REGISTERED NUMBER: SC322094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 2,321,434 205,675 2,527,109
Additions 392,347 - 392,347
Disposals (322,097 ) (34,930 ) (357,027 )
At 30th June 2024 2,391,684 170,745 2,562,429
DEPRECIATION
At 1st July 2023 - 123,398 123,398
Charge for year - 15,284 15,284
Eliminated on disposal - (34,930 ) (34,930 )
At 30th June 2024 - 103,752 103,752
NET BOOK VALUE
At 30th June 2024 2,391,684 66,993 2,458,677
At 30th June 2023 2,321,434 82,277 2,403,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 47,400 -
Loan 139,147 347,083
Prepayments 11,130 2,280
197,677 349,363

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 355,000 400,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 19,381 18,016
Social security and other taxes 121 -
Directors' current accounts 517,800 562,524
Accrued expenses 1,987 1,980
539,289 582,520