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REGISTERED NUMBER: SC034846 (Scotland)















Unaudited Financial Statements

for the Year Ended 8 April 2025

for

Sidnor Property Limited

Sidnor Property Limited (Registered number: SC034846)






Contents of the Financial Statements
for the Year Ended 8 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sidnor Property Limited

Company Information
for the Year Ended 8 April 2025







DIRECTORS: Mrs K S Paterson LLB
Mr A B W Smith LLB





REGISTERED OFFICE: Messrs Brown & McRae
Anderson House
9-15 Frithside Street
Fraserburgh
Aberdeenshire
AB43 9AB





REGISTERED NUMBER: SC034846 (Scotland)





ACCOUNTANTS: SBP
Accountants
27 Finlayson Street
Fraserburgh
Aberdeenshire
AB43 9JQ

Sidnor Property Limited (Registered number: SC034846)

Balance Sheet
8 April 2025

8.4.25 8.4.24
Notes £    £    £   
FIXED ASSETS
Investment property 4 2,000 52,000

CURRENT ASSETS
Cash at bank 34,829 -

CREDITORS
Amounts falling due within one year 5 10,644 2,733
NET CURRENT ASSETS/(LIABILITIES) 24,185 (2,733 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,185

49,267

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 6 1,920 49,915
Capital redemption reserve 2 2
Retained earnings 24,260 (653 )
SHAREHOLDERS' FUNDS 26,185 49,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 8 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 8 April 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:





Mrs K S Paterson LLB - Director


Sidnor Property Limited (Registered number: SC034846)

Notes to the Financial Statements
for the Year Ended 8 April 2025

1. STATUTORY INFORMATION

Sidnor Property 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 as modified by the revaluation of certain assets.

Investment property
Investment property is reported at fair value. The land and property held was revalued by the directors in the 2024 financial year and the remaining assets held are considered to be stated at fair market value..
Any gains or losses on revaluation are recognised directly against the revaluation reserve as per the longstanding policy. No deferred taxation is recognised on any potential gains.

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

Current 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.

No deferred taxation is recognised on any potential gains on investment disposal.

Debtors and creditors receivable /payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative costs.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 9 April 2024 52,000
Disposals (50,000 )
At 8 April 2025 2,000
NET BOOK VALUE
At 8 April 2025 2,000
At 8 April 2024 52,000

Sidnor Property Limited (Registered number: SC034846)

Notes to the Financial Statements - continued
for the Year Ended 8 April 2025

4. INVESTMENT PROPERTY - continued

Fair value at 8 April 2025 is represented by:
£   
Valuation in 2024 1,920
Cost 80
2,000

The Investment Property was revalued by the directors in the 2024 financial year and the remaining assets held are considered to be stated at fair market value.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8.4.25 8.4.24
£    £   
Taxation and social security 8,115 -
Other creditors 2,529 2,733
10,644 2,733

6. RESERVES
Revaluation
reserve
£   
At 9 April 2024 49,915
Disposals of Investment prop (47,995 )

At 8 April 2025 1,920

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K S Paterson LLB.