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REGISTERED NUMBER: SC412848 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Abersanda Limited

Abersanda Limited (Registered number: SC412848)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Abersanda Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: C J Colbourne
Mrs C C Colbourne
E Metcalfe
A S Thomson
D J Gordon





REGISTERED OFFICE:
Nethy Bridge
Inverness-shire
PH25 3ED





REGISTERED NUMBER: SC412848 (Scotland)





ACCOUNTANTS: Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN

Abersanda Limited (Registered number: SC412848)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 280,104 295,332

CURRENT ASSETS
Debtors 5 68,684 42,103
Cash at bank 56,969 166,091
125,653 208,194
CREDITORS
Amounts falling due within one year 6 335,178 421,969
NET CURRENT LIABILITIES (209,525 ) (213,775 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,579

81,557

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 69,579 80,557
SHAREHOLDERS' FUNDS 70,579 81,557

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 25 April 2025 and were signed on its behalf by:





E Metcalfe - Director


Abersanda Limited (Registered number: SC412848)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Abersanda 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - Straight line over 30 years
Motor vehicles - 20% 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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Abersanda Limited (Registered number: SC412848)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 456,834 2,400 459,234
Disposals - (2,400 ) (2,400 )
At 31 October 2024 456,834 - 456,834
DEPRECIATION
At 1 November 2023 161,502 2,400 163,902
Charge for year 15,228 - 15,228
Eliminated on disposal - (2,400 ) (2,400 )
At 31 October 2024 176,730 - 176,730
NET BOOK VALUE
At 31 October 2024 280,104 - 280,104
At 31 October 2023 295,332 - 295,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 10,034 15,099
Prepayments and accrued income 58,650 27,004
68,684 42,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 457 326
Amounts owed to group undertakings 332,141 417,991
Tax - 1,172
Accruals and deferred income 2,580 2,480
335,178 421,969

Amounts owed to group undertakings analysed as follows:20242023
£   £   
Loan due to Inversanda Estate Limited90,575120,144
Trading balance due to Inversanda Estate Limited20,14028,495
Loan due to Abernethy Trust Limited181,147240,287
Trading balance due to Abernethy Trust Limited-2,222
Trading balance due to Abernethy Developments Limited40,27926,843
332,141417,991

Abersanda Limited (Registered number: SC412848)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
666 Ordinary A £1 666 666
333 Ordinary B £1 333 333
1 Ordinary C £1 1 1
1,000 1,000

8. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Loan advance/repaidBalance owed by/(to)
2024202320242023
£   £   £   £   
Abernethy Trust Limited61,362(249)(181,147)(242,509)
Inversanda Estate Limited37,924(29,356)(110,715)(148,639)
Abernethy Developments Limited(13,436)(39,017)(40,279)(26,843)

The above loans are interest free and repayable on demand.

During the year the company paid management charges of £1,358 (2023: £1,358) to Abernethy Trust Limited. Abernethy Trust Limited is the company's ultimate parent company of Abersanda Limited.

During the year the company paid management charges of £65,140 (2023: £58,065) to Inversanda Estate Limited. Inversanda Estate Limited is a shareholder of Abersanda Limited.

During the year the company paid management charges of £130,279 (2023: £116,130) to Abernethy Developments Limited. Abernethy Developments Limited is the parent company of Abersanda Limited.

The ultimate controlling party is Abernethy Trust Limited.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Abersanda Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Abersanda Limited for the year ended 31 October 2024 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 Board of Directors of Abersanda Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abersanda Limited and state those matters that we have agreed to state to the Board of Directors of Abersanda Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abersanda 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 Abersanda Limited. You consider that Abersanda 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 Abersanda 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.






Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN


25 April 2025