Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Gordon Willox 14/05/2019 Martin Alexander Willox 01/01/2023 16 April 2025 The principal activity of the company is that of being a holding company. SC187501 2024-12-31 SC187501 bus:Director1 2024-12-31 SC187501 bus:Director2 2024-12-31 SC187501 2023-12-31 SC187501 core:CurrentFinancialInstruments 2024-12-31 SC187501 core:CurrentFinancialInstruments 2023-12-31 SC187501 core:ShareCapital 2024-12-31 SC187501 core:ShareCapital 2023-12-31 SC187501 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC187501 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC187501 bus:OrdinaryShareClass1 2024-12-31 SC187501 bus:PreferenceShareClass1 2024-12-31 SC187501 2024-01-01 2024-12-31 SC187501 bus:FilletedAccounts 2024-01-01 2024-12-31 SC187501 bus:SmallEntities 2024-01-01 2024-12-31 SC187501 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC187501 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC187501 bus:Director1 2024-01-01 2024-12-31 SC187501 bus:Director2 2024-01-01 2024-12-31 SC187501 2023-01-01 2023-12-31 SC187501 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC187501 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC187501 bus:PreferenceShareClass1 2024-01-01 2024-12-31 SC187501 bus:PreferenceShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC187501 (Scotland)

GRANGE HOLDINGS PETERHEAD LIMITED

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

GRANGE HOLDINGS PETERHEAD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

GRANGE HOLDINGS PETERHEAD LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
GRANGE HOLDINGS PETERHEAD LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 150,000 150,000
150,000 150,000
Current assets
Debtors 4 1,180,671 1,180,671
1,180,671 1,180,671
Creditors: amounts falling due within one year 5 ( 11,538) ( 11,538)
Net current assets 1,169,133 1,169,133
Total assets less current liabilities 1,319,133 1,319,133
Net assets 1,319,133 1,319,133
Capital and reserves
Called-up share capital 6 2,127,077 2,127,077
Profit and loss account ( 807,944 ) ( 807,944 )
Total shareholders' funds 1,319,133 1,319,133

For the financial year ending 31 December 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 Grange Holdings Peterhead Limited (registered number: SC187501) were approved and authorised for issue by the Board of Directors on 16 April 2025. They were signed on its behalf by:

Martin Alexander Willox
Director
GRANGE HOLDINGS PETERHEAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
GRANGE HOLDINGS PETERHEAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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

Grange Holdings Peterhead 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 Anderson House, 9/11 Frithside Street, Fraserburgh, AB43 9AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

2024 2023
£ £
Other investments and loans 150,000 150,000

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 1,180,671 1,180,671

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 11,538 11,538

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
150,000 Ordinary shares of £ 1.00 each 150,000 150,000
1,977,077 Preference shares of £ 1.00 each 1,977,077 1,977,077
2,127,077 2,127,077

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to shareholders 11,538 11,538

This loan is interest free and repayable on demand.

Other related party transactions

2024 2023
£ £
Amounts Owed by Group Companies 1,180,671 1,180,671

The company has taken advantage of FRS 102 Section 33 which allows exemption from disclosure of related party transactions with other group companies.