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Registration number: SC503129

Sidlaw Investments Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Sidlaw Investments Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Sidlaw Investments Ltd

(Registration number: SC503129)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,691

1,989

Current assets

 

Debtors

5

308

3,636

Cash at bank and in hand

 

231

130

 

539

3,766

Creditors: Amounts falling due within one year

6

(162,900)

(161,659)

Net current liabilities

 

(162,361)

(157,893)

Net liabilities

 

(160,670)

(155,904)

Capital and reserves

 

Called up share capital

104

104

Retained earnings

(160,774)

(156,008)

Shareholders' deficit

 

(160,670)

(155,904)

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

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................
Mr Euan Johnstone
Director

 

Sidlaw Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Shed 26, Unit 35
City Quay
Camperdown Street
Dundee
DD1 3JA

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

 

Sidlaw Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

6,476

6,476

At 31 March 2024

6,476

6,476

Depreciation

At 1 April 2023

4,487

4,487

Charge for the year

298

298

At 31 March 2024

4,785

4,785

Carrying amount

At 31 March 2024

1,691

1,691

At 31 March 2023

1,989

1,989

5

Debtors

Current

2024
£

2023
£

Other debtors

308

3,636

 

308

3,636

 

Sidlaw Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

13

3,711

Accruals and deferred income

860

825

Other creditors

162,027

157,123

162,900

161,659