Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr S D Lang 18/08/2022 02 June 2025 The principal activity of the Company during the financial year continued to be that of a family investment company. SC741739 2025-03-31 SC741739 bus:Director1 2025-03-31 SC741739 2024-03-31 SC741739 core:CurrentFinancialInstruments 2025-03-31 SC741739 core:CurrentFinancialInstruments 2024-03-31 SC741739 core:ShareCapital 2025-03-31 SC741739 core:ShareCapital 2024-03-31 SC741739 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC741739 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC741739 core:CostValuation 2024-03-31 SC741739 core:CostValuation 2025-03-31 SC741739 core:AdditionsToInvestments 2025-03-31 SC741739 bus:OrdinaryShareClass1 2025-03-31 SC741739 2024-04-01 2025-03-31 SC741739 bus:FilletedAccounts 2024-04-01 2025-03-31 SC741739 bus:SmallEntities 2024-04-01 2025-03-31 SC741739 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC741739 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC741739 bus:Director1 2024-04-01 2025-03-31 SC741739 2023-04-01 2024-03-31 SC741739 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC741739 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC741739 (Scotland)

THE LANG FAMILY INVESTMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

THE LANG FAMILY INVESTMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

THE LANG FAMILY INVESTMENT COMPANY LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025
THE LANG FAMILY INVESTMENT COMPANY LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Investments 3 44,470 10,884
44,470 10,884
Current assets
Cash at bank and in hand 18 3,582
18 3,582
Creditors: amounts falling due within one year 4 ( 55,380) ( 20,452)
Net current liabilities (55,362) (16,870)
Total assets less current liabilities (10,892) (5,986)
Net liabilities ( 10,892) ( 5,986)
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account ( 10,893 ) ( 5,987 )
Total shareholder's deficit ( 10,892) ( 5,986)

For the financial year ending 31 March 2025 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 The Lang Family Investment Company Limited (registered number: SC741739) were approved and authorised for issue by the Director on 02 June 2025. They were signed on its behalf by:

Mr S D Lang
Director
THE LANG FAMILY INVESTMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
THE LANG FAMILY INVESTMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
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

The Lang Family Investment Company 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 C/O Johnston Carmichael, 7-11 Melville Street, Edinburgh, EH3 7PE, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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 Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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. 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, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

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.

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

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 1
At 31 March 2025 1
Carrying value at 31 March 2025 1
Carrying value at 31 March 2024 1

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2024 10,883 10,883
Additions 33,586 33,586
At 31 March 2025 44,469 44,469
Carrying value at 31 March 2025 44,469 44,469
Carrying value at 31 March 2024 10,883 10,883

4. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 0 906
Other creditors 55,380 19,546
55,380 20,452

5. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each 1 1