Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Andrew Reid 29/08/2019 27 May 2025 no description of principal activity SC640149 2024-08-31 SC640149 bus:Director1 2024-08-31 SC640149 2023-08-31 SC640149 core:CurrentFinancialInstruments 2024-08-31 SC640149 core:CurrentFinancialInstruments 2023-08-31 SC640149 core:ShareCapital 2024-08-31 SC640149 core:ShareCapital 2023-08-31 SC640149 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC640149 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC640149 core:OtherPropertyPlantEquipment 2023-08-31 SC640149 core:OtherPropertyPlantEquipment 2024-08-31 SC640149 bus:OrdinaryShareClass1 2024-08-31 SC640149 core:WithinOneYear 2024-08-31 SC640149 core:WithinOneYear 2023-08-31 SC640149 core:BetweenOneFiveYears 2024-08-31 SC640149 core:BetweenOneFiveYears 2023-08-31 SC640149 2023-09-01 2024-08-31 SC640149 bus:FilletedAccounts 2023-09-01 2024-08-31 SC640149 bus:SmallEntities 2023-09-01 2024-08-31 SC640149 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC640149 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC640149 bus:Director1 2023-09-01 2024-08-31 SC640149 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-09-01 2024-08-31 SC640149 2022-09-01 2023-08-31 SC640149 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 SC640149 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 SC640149 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC640149 (Scotland)

NORTHSTONE ADVISERS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

NORTHSTONE ADVISERS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

NORTHSTONE ADVISERS LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2024
NORTHSTONE ADVISERS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
Director Andrew Reid
Registered office Aultmore
Maryculter
Aberdeen
AB12 5GJ
Scotland
United Kingdom
Company number SC640149 (Scotland)
Chartered accountants Kreston Reeves LLP
Canterbury
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
NORTHSTONE ADVISERS LIMITED

BALANCE SHEET

As at 31 August 2024
NORTHSTONE ADVISERS LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,338 911
2,338 911
Current assets
Debtors 4 8,540 9,014
Cash at bank and in hand 5 55,034 46,072
63,574 55,086
Creditors: amounts falling due within one year 6 ( 25,207) ( 19,947)
Net current assets 38,367 35,139
Total assets less current liabilities 40,705 36,050
Net assets 40,705 36,050
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 40,605 35,950
Total shareholder's funds 40,705 36,050

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

Director's responsibilities:

The financial statements of Northstone Advisers Limited (registered number: SC640149) were approved and authorised for issue by the Director on 27 May 2025. They were signed on its behalf by:

Andrew Reid
Director
NORTHSTONE ADVISERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
NORTHSTONE ADVISERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Northstone Advisers 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 Aultmore, Maryculter, Aberdeen, AB12 5GJ, Scotland, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

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. 3 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 Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 September 2023 3,246 3,246
Additions 3,193 3,193
At 31 August 2024 6,439 6,439
Accumulated depreciation
At 01 September 2023 2,335 2,335
Charge for the financial year 1,764 1,764
At 31 August 2024 4,101 4,101
Net book value
At 31 August 2024 2,338 2,338
At 31 August 2023 911 911

4. Debtors

2024 2023
£ £
Other debtors 8,540 9,014

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 55,034 46,072

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 3,300
Accruals 2,025 2,155
Corporation tax 14,310 14,492
Other taxation and social security 8,872 0
25,207 19,947

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 7,307 7,307
between one and five years 0 7,307
7,307 14,614

9. Related party transactions

The director has a loan facility of £10,000 with the company.

At the year end, Mr A Reid owed £8,540 to the company (2023 - £8,080).