2 false false false false false false false false false false true false false true true true true No description of principal activity 2024-03-25 Sage Accounts Production Advanced 2023 - FRS102_2023 5 5 5 xbrli:pure xbrli:shares iso4217:GBP SC804457 2024-03-25 2025-03-31 SC804457 2025-03-31 SC804457 2024-03-24 SC804457 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-25 2025-03-31 SC804457 core:FurnitureFittings 2024-03-25 2025-03-31 SC804457 bus:Director1 2024-03-25 2025-03-31 SC804457 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 SC804457 core:FurnitureFittings 2025-03-31 SC804457 core:WithinOneYear 2025-03-31 SC804457 core:AfterOneYear 2025-03-31 SC804457 core:ShareCapital 2025-03-31 SC804457 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC804457 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-03-31 SC804457 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 SC804457 core:Non-currentFinancialInstruments 2025-03-31 SC804457 bus:SmallEntities 2024-03-25 2025-03-31 SC804457 bus:AuditExempt-NoAccountantsReport 2024-03-25 2025-03-31 SC804457 bus:SmallCompaniesRegimeForAccounts 2024-03-25 2025-03-31 SC804457 bus:PrivateLimitedCompanyLtd 2024-03-25 2025-03-31 SC804457 bus:FullAccounts 2024-03-25 2025-03-31 SC804457 core:Land 2024-03-25 2025-03-31 SC804457 core:Land 2025-03-31
COMPANY REGISTRATION NUMBER: SC804457
East Rigg Estate Limited
Filleted Unaudited Financial Statements
31 March 2025
East Rigg Estate Limited
Statement of Financial Position
31 March 2025
31 Mar 25
Note
£
Fixed Assets
Tangible assets
5
450,974
Investments
6
5
---------
450,979
Current Assets
Debtors
7
3,889
Cash at bank and in hand
1,494
-------
5,383
Creditors: amounts falling due within one year
8
2,067
-------
Net Current Assets
3,316
---------
Total Assets Less Current Liabilities
454,295
Creditors: amounts falling due after more than one year
9
480,032
---------
Net Liabilities
( 25,737)
---------
Capital and Reserves
Called up share capital
500
Profit and loss account
( 26,237)
--------
Shareholders Deficit
( 25,737)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
East Rigg Estate Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 5 June 2025 , and are signed on behalf of the board by:
Mr M Scanlan
Director
Company registration number: SC804457
East Rigg Estate Limited
Notes to the Financial Statements
Period from 25 March 2024 to 31 March 2025
1. General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is C/O East Rigg House, Balerno, Midlothian, EH14 7JR, Scotland.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure Exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and Key Sources of Estimation Uncertainty
For the period ended 31 March 2025, the directors do not consider there to be any areas of material judgment or estimation uncertainty.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
4% straight line
Fixtures, fittings and furniture
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee Numbers
The average number of persons employed by the company during the period amounted to 2 .
5. Tangible Assets
Freehold property
Fixtures, fittings and furniture
Land
Total
£
£
£
£
Cost
At 25 March 2024
Additions
169,937
33,711
257,866
461,514
---------
--------
---------
---------
At 31 March 2025
169,937
33,711
257,866
461,514
---------
--------
---------
---------
Depreciation
At 25 March 2024
Charge for the period
5,872
4,668
10,540
---------
--------
---------
---------
At 31 March 2025
5,872
4,668
10,540
---------
--------
---------
---------
Carrying amount
At 31 March 2025
164,065
29,043
257,866
450,974
---------
--------
---------
---------
6. Investments
Shares in group undertakings
£
Cost
At 25 March 2024
Additions
5
----
At 31 March 2025
5
----
Impairment
At 25 March 2024 and 31 March 2025
----
Carrying amount
At 31 March 2025
5
----
7. Debtors
31 Mar 25
£
Other debtors
3,889
-------
8. Creditors: amounts falling due within one year
31 Mar 25
£
Trade creditors
859
Amounts owed to group undertakings
772
Other creditors
436
-------
2,067
-------
9. Creditors: amounts falling due after more than one year
31 Mar 25
£
Other creditors
480,032
---------
10. Directors' Advances, Credits and Guarantees
During the period, credits by directors totalling £480,032 were received by the company. At 31 March 2025, the company owed a balance of £480,032 to directors, which is presented as a liability in the financial statements.
11. Related Party Transactions
The company owns 100% of the share capital of East Rigg Lodges Limited. At 31 March 2025, the company owed a balance of £772 to this entity which is presented as a liability in the financial statements. There were no other transactions with related parties during the year.