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REGISTERED NUMBER: SC391012 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SISKIN ASSET MANAGEMENT LIMITED

SISKIN ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: SC391012)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

SISKIN ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTOR: R Lawrenson





REGISTERED OFFICE: Amicable House
252 Union Street
Aberdeen
AB10 1TN





REGISTERED NUMBER: SC391012 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

SISKIN ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: SC391012)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 430 479

CURRENT ASSETS
Debtors 5 154 143
Cash at bank 654 402
808 545
CREDITORS
Amounts falling due within one year 6 6,203 1,541
NET CURRENT LIABILITIES (5,395 ) (996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,965

)

(517

)

CAPITAL AND RESERVES
Called up share capital 118 118
Retained earnings (5,083 ) (635 )
SHAREHOLDERS' FUNDS (4,965 ) (517 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 11 May 2025 and were signed by:





R Lawrenson - Director


SISKIN ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: SC391012)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Siskin Asset Management 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.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade.

The directors have given assurance they will continue to support the company and to make funds available to enable it to meet its debts as they fall due for a period of not less than 12 months from the date of approval of the financial statements.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

SISKIN ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: SC391012)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2024 357 107 1,507 1,971
Additions - - 233 233
At 31 January 2025 357 107 1,740 2,204
DEPRECIATION
At 1 February 2024 151 107 1,234 1,492
Charge for year 89 - 193 282
At 31 January 2025 240 107 1,427 1,774
NET BOOK VALUE
At 31 January 2025 117 - 313 430
At 31 January 2024 206 - 273 479

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 18 18
VAT 136 125
154 143

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Directors' current accounts 6,203 1,541

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
R Lawrenson
Balance outstanding at start of year (1,541 ) (1,229 )
Amounts advanced 219 -
Amounts repaid (4,881 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,203 ) (1,541 )

The loan is interest free and has no set repayment terms.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Lawrenson by virtue of his ownership of 85% of the issued share capital.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SISKIN ASSET MANAGEMENT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Siskin Asset Management Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Siskin Asset Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Siskin Asset Management Limited and state those matters that we have agreed to state to the director of Siskin Asset Management Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Siskin Asset Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Siskin Asset Management Limited. You consider that Siskin Asset Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Siskin Asset Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


11 May 2025