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REGISTERED NUMBER: SC620633 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Abercorn Sinclair Ltd

Abercorn Sinclair Ltd (Registered number: SC620633)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Abercorn Sinclair Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: K A Tocher





REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR





REGISTERED NUMBER: SC620633 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Abercorn Sinclair Ltd (Registered number: SC620633)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,004 844

CURRENT ASSETS
Debtors 5 8,800 19,521
Cash at bank 46,779 33,618
55,579 53,139
CREDITORS
Amounts falling due within one year 6 34,374 26,648
NET CURRENT ASSETS 21,205 26,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,209

27,335

PROVISIONS FOR LIABILITIES 501 -
NET ASSETS 22,708 27,335

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,608 27,235
SHAREHOLDERS' FUNDS 22,708 27,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 April 2025 and were signed by:





K A Tocher - Director


Abercorn Sinclair Ltd (Registered number: SC620633)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Abercorn Sinclair Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipments - 25% on cost

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was 1 (2024 - 1 ) .

Abercorn Sinclair Ltd (Registered number: SC620633)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipments Totals
£    £    £   
COST
At 1 April 2024 - 2,667 2,667
Additions 1,869 - 1,869
At 31 March 2025 1,869 2,667 4,536
DEPRECIATION
At 1 April 2024 - 1,823 1,823
Charge for year 428 281 709
At 31 March 2025 428 2,104 2,532
NET BOOK VALUE
At 31 March 2025 1,441 563 2,004
At 31 March 2024 - 844 844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors - 11,520
Other debtors - 8,001
Prepayments and accrued income 8,800 -
8,800 19,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Tax 7,674 3,018
VAT 4,129 1,718
Directors' loan accounts 22,077 21,461
Accruals and deferred income 494 451
34,374 26,648

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2024 - £31,000) were paid to the director .

At the year end the company was due the director £22,077 (2024: £21,460). This loan is interest free.

At the year end a loan totalling nil (2024 - £8,001) was due from a company which is under the common control of the director.