1 October 2023 false No description of principal activity Taxfiler 2024.6 SC145873business:PrivateLimitedCompanyLtd2023-10-012024-09-30 SC1458732023-09-30 SC1458732023-10-012024-09-30 SC145873business:AuditExemptWithAccountantsReport2023-10-012024-09-30 SC145873business:FilletedAccounts2023-10-012024-09-30 SC1458732024-09-30 SC145873business:Director12023-10-012024-09-30 SC145873business:CompanySecretary12023-10-012024-09-30 SC145873business:RegisteredOffice2023-10-012024-09-30 SC1458732023-09-30 SC145873core:WithinOneYear2024-09-30 SC145873core:WithinOneYear2023-09-30 SC145873core:AfterOneYear2024-09-30 SC145873core:AfterOneYear2023-09-30 SC145873core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 SC145873core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC145873core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 SC145873core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC145873core:PreviouslyStatedAmount2024-09-30 SC145873core:PreviouslyStatedAmount2023-09-30 SC145873business:SmallEntities2023-10-012024-09-30 SC145873countries:Scotland2023-10-012024-09-30 SC1458732022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC145873 (Scotland)
Termshield Limited Unaudited accounts for the year ended 30 September 2024
Termshield Limited Unaudited accounts Contents
Page
- 2 -
Termshield Limited Company Information for the year ended 30 September 2024
Director
Norman Arthur Rowan
Secretary
Colin Samuel Conlon
Company Number
SC145873 (Scotland)
Registered Office
12 Niddry Street South Edinburgh EH1 1NS
Accountants
Select Financial Management Accountants & Business Advisers Axwell House 2 Westerton Road Broxburn West Lothian EH52 5AU
- 3 -
Termshield Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,142,531 
1,204,331 
Current assets
Debtors
119,951 
119,951 
Cash at bank and in hand
208,023 
131,083 
327,974 
251,034 
Creditors: amounts falling due within one year
(93,550)
(96,424)
Net current assets
234,424 
154,610 
Total assets less current liabilities
1,376,955 
1,358,941 
Creditors: amounts falling due after more than one year
(51,808)
(159,346)
Net assets
1,325,147 
1,199,595 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,324,147 
1,198,595 
Shareholders' funds
1,325,147 
1,199,595 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 March 2025 and were signed on its behalf by
Norman Arthur Rowan Director Company Registration No. SC145873
- 4 -
Termshield Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Termshield Limited is a private company, limited by shares, registered in Scotland, registration number SC145873. The registered office is 12 Niddry Street South, Edinburgh, EH1 1NS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is not provided on these gains as the properties are the company's main source of income so cannot be sold.
4
Investment property
2024 
£ 
Fair value at 1 October 2023
1,204,331 
Disposals
(61,800)
At 30 September 2024
1,142,531 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
119,951 
119,951 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
21,000 
45,000 
VAT
1,247 
- 
Taxes and social security
64,712 
51,180 
Loans from directors
41 
244 
Accruals
6,550 
- 
93,550 
96,424 
- 5 -
Termshield Limited Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
51,808 
159,346 
8
Transactions with related parties
The company has loaned money Nocturnal Aviators Ltd, a company under common control. The amount outstanding at the balance sheet date is £114,951 (PY: £114,951) which is included in the balance for Other Debtors per Note 5 above. This loan is interest-free and has no set repayment date.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -