Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Ian Philip Elrick 25/10/2007 Jennifer Ann Elrick 25/10/2007 Howard Ounsley 19/10/2001 Rona Anderson Ounsley 19/10/2001 28 March 2025 The principal activity of the Company during the financial year was that of property investment and development. SC224415 2024-10-31 SC224415 bus:Director1 2024-10-31 SC224415 bus:Director2 2024-10-31 SC224415 bus:Director3 2024-10-31 SC224415 bus:Director4 2024-10-31 SC224415 2023-10-31 SC224415 core:CurrentFinancialInstruments 2024-10-31 SC224415 core:CurrentFinancialInstruments 2023-10-31 SC224415 core:Non-currentFinancialInstruments 2024-10-31 SC224415 core:Non-currentFinancialInstruments 2023-10-31 SC224415 core:ShareCapital 2024-10-31 SC224415 core:ShareCapital 2023-10-31 SC224415 core:RevaluationReserve 2024-10-31 SC224415 core:RevaluationReserve 2023-10-31 SC224415 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC224415 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC224415 core:OtherPropertyPlantEquipment 2023-10-31 SC224415 core:OtherPropertyPlantEquipment 2024-10-31 SC224415 core:DeferredTaxation 2023-10-31 SC224415 core:DeferredTaxation 2024-10-31 SC224415 core:TaxLossesCarry-forwardsDeferredTax 2024-10-31 SC224415 core:TaxLossesCarry-forwardsDeferredTax 2023-10-31 SC224415 2022-10-31 SC224415 bus:OrdinaryShareClass1 2024-10-31 SC224415 2023-11-01 2024-10-31 SC224415 bus:FilletedAccounts 2023-11-01 2024-10-31 SC224415 bus:SmallEntities 2023-11-01 2024-10-31 SC224415 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC224415 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC224415 bus:Director1 2023-11-01 2024-10-31 SC224415 bus:Director2 2023-11-01 2024-10-31 SC224415 bus:Director3 2023-11-01 2024-10-31 SC224415 bus:Director4 2023-11-01 2024-10-31 SC224415 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-11-01 2024-10-31 SC224415 2022-11-01 2023-10-31 SC224415 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 SC224415 core:DeferredTaxation 2023-11-01 2024-10-31 SC224415 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 SC224415 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC224415 (Scotland)

ANORMOSS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

ANORMOSS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

ANORMOSS LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2024
ANORMOSS LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024
Note 2024 2023
£ £
Fixed assets
Investment property 4 880,000 880,000
880,000 880,000
Current assets
Debtors 5 4,425 4,395
Cash at bank and in hand 1,029 130
5,454 4,525
Creditors: amounts falling due within one year 6 ( 34,769) ( 29,987)
Net current liabilities (29,315) (25,462)
Total assets less current liabilities 850,685 854,538
Creditors: amounts falling due after more than one year 7 ( 646,156) ( 646,117)
Provision for liabilities 8, 9 ( 12,463) ( 13,436)
Net assets 192,066 194,985
Capital and reserves
Called-up share capital 10 4 4
Revaluation reserve 331,113 331,113
Profit and loss account ( 139,051 ) ( 136,132 )
Total shareholders' funds 192,066 194,985

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Anormoss Limited (registered number: SC224415) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

Rona Anderson Ounsley
Director
ANORMOSS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
ANORMOSS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anormoss Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 3 Dean Park Crescent, Edinburgh, Midlothian, EH4 1PN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company has net current liabilities of £29,315. The directors consider it appropriate to prepare the accounts on a going concern basis. In coming to this conclusion they confirm that they will not seek repayment of their loan account and will continue to support the company for at least the next 12 months from the approval of these financial statements.

Turnover

Turnover represents rent receivable from the letting of residential property. Revenue is recognised when the company has entitlement to the rental income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and bank balances, measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 30,566 30,566
At 31 October 2024 30,566 30,566
Accumulated depreciation
At 01 November 2023 30,566 30,566
At 31 October 2024 30,566 30,566
Net book value
At 31 October 2024 0 0
At 31 October 2023 0 0

4. Investment property

Investment property
£
Valuation
As at 01 November 2023 880,000
As at 31 October 2024 880,000

Valuation

The Fair value of the investment property has been arrived at on the basis of a valuation carried out on 31 October 2023 by the directors. The valuation was made on an open market basis by reference to market evidence of the transaction prices for similar properties

5. Debtors

2024 2023
£ £
Other debtors 4,425 4,395

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 34,769 29,987

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 646,156 646,117

Bank borrowings are secured over the residential property.

8. Provision for liabilities

2024 2023
£ £
Deferred tax 12,463 13,436
Deferred taxation Total
£ £
At 01 November 2023 13,436 13,436
Credited to the Profit and Loss Account ( 973) ( 973)
At 31 October 2024 12,463 12,463

Deferred tax

2024 2023
£ £
Tax losses available 12,463 13,436
Provision for deferred tax 12,463 13,436

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 13,436) ( 18,242)
Credited to the Profit and Loss Account 973 4,806
At the end of financial year ( 12,463) ( 13,436)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4 Ordinary shares of £ 1.00 each 4 4