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Registration number: SC530778

Sidlaw Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Sidlaw Holdings Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Financial Statements

3 to 6

 

Sidlaw Holdings Ltd

(Registration number: SC530778)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

350,000

350,000

Other financial assets

5

100,594

100,594

 

450,594

450,594

Current assets

 

Debtors

6

43,200

43,200

Cash at bank and in hand

 

16,351

17,665

 

59,551

60,865

Creditors: Amounts falling due within one year

7

(78,806)

(75,102)

Net current liabilities

 

(19,255)

(14,237)

Total assets less current liabilities

 

431,339

436,357

Provisions for liabilities

(19,687)

(19,687)

Net assets

 

411,652

416,670

Capital and reserves

 

Called up share capital

104

104

Revaluation reserve

(35,403)

(35,403)

Retained earnings

446,951

451,969

Shareholders' funds

 

411,652

416,670

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:
 

 

Sidlaw Holdings Ltd

(Registration number: SC530778)
Statement of Financial Position as at 31 March 2024

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

 

Sidlaw Holdings Ltd

Notes to the 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
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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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).

 

Sidlaw Holdings Ltd

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

4

Investment properties

2024
£

At 1 April

350,000

At 31 March

350,000

There has been no valuation of investment property by an independent valuer.

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

100,594

100,594

At 31 March 2024

100,594

100,594

Impairment

Carrying amount

At 31 March 2024

100,594

100,594

 

Sidlaw Holdings Ltd

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

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

35,000

35,000

Other debtors

 

8,200

8,200

   

43,200

43,200

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

1,933

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

77,738

70,545

Accruals and deferred income

 

1,068

2,624

 

78,806

75,102

 

Sidlaw Holdings Ltd

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

8

Reserves

2024

2023

£

£

Profit and loss account - Distributable

368,703

373,721

Revaluation of investment properties - Undistributable

97,935

97,935

Deferred Tax on investment properties - Undistributable

(19,687)

(19,687)

446,951

451,969

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £1,119 (2023 - £1,040) per each Ordinary A shares

52,605

48,859

Interim dividend of £781 per each Ordinary B shares

28,125

28,125

Interim dividend of £781 per each Ordinary C shares

13,281

13,281

Interim dividend of £28,564 (2023 - £30,726) per each Ordinary D shares

57,127

61,452

Interim dividend of £28,564 (2023 - £30,478) per each Ordinary E shares

57,127

60,956

208,265

212,674