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REGISTERED NUMBER: SC207333 (Scotland)















Unaudited Financial Statements

for the Period 1 May 2024 to 31 December 2024

for

Nordhus Developments (Shetland) Limited

Nordhus Developments (Shetland) Limited (Registered number: SC207333)






Contents of the Financial Statements
for the Period 1 May 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nordhus Developments (Shetland) Limited

Company Information
for the Period 1 May 2024 to 31 December 2024







DIRECTORS: B W Irvine
Mrs I J Irvine





REGISTERED OFFICE: Nyrhus
Effirth
Bixter
Shetland
ZE2 9LY





REGISTERED NUMBER: SC207333 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

Nordhus Developments (Shetland) Limited (Registered number: SC207333)

Balance Sheet
31 December 2024

31.12.24 30.4.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 273,974 274,146

CURRENT ASSETS
Debtors 5 9,945 16,275
Cash at bank and in hand 54,008 40,837
63,953 57,112
CREDITORS
Amounts falling due within one year 6 13,758 23,148
NET CURRENT ASSETS 50,195 33,964
TOTAL ASSETS LESS CURRENT LIABILITIES 324,169 308,110

CREDITORS
Amounts falling due after more than one
year

7

-

5,731
NET ASSETS 324,169 302,379

CAPITAL AND RESERVES
Called up share capital 132 132
Retained earnings 324,037 302,247
324,169 302,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Nordhus Developments (Shetland) Limited (Registered number: SC207333)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:




B W Irvine - Director



Mrs I J Irvine - Director


Nordhus Developments (Shetland) Limited (Registered number: SC207333)

Notes to the Financial Statements
for the Period 1 May 2024 to 31 December 2024

1. STATUTORY INFORMATION

Nordhus Developments (Shetland) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - is not depreciated
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

Nordhus Developments (Shetland) Limited (Registered number: SC207333)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2024 335,581 848 891 337,320
Additions - - 456 456
Disposals - (848 ) (456 ) (1,304 )
At 31 December 2024 335,581 - 891 336,472
DEPRECIATION
At 1 May 2024 62,006 824 344 63,174
Charge for period - - 205 205
Eliminated on disposal - (824 ) (57 ) (881 )
At 31 December 2024 62,006 - 492 62,498
NET BOOK VALUE
At 31 December 2024 273,575 - 399 273,974
At 30 April 2024 273,575 24 547 274,146

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.4.24
£    £   
Trade debtors - 8,444
Other debtors 9,945 7,831
9,945 16,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.4.24
£    £   
Bank loans and overdrafts - 10,597
Trade creditors 2,503 2,104
Taxation and social security 9,247 7,764
Other creditors 2,008 2,683
13,758 23,148

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 30.4.24
£    £   
Bank loans - 5,731