Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Stephen Inglis 19/11/2018 Caroline Inglis 11/03/2024 23 June 2025 The principal activity of the Company during the financial year was property consultancy. SC608673 2024-09-30 SC608673 bus:Director1 2024-09-30 SC608673 bus:Director2 2024-09-30 SC608673 2023-09-30 SC608673 core:CurrentFinancialInstruments 2024-09-30 SC608673 core:CurrentFinancialInstruments 2023-09-30 SC608673 core:Non-currentFinancialInstruments 2024-09-30 SC608673 core:Non-currentFinancialInstruments 2023-09-30 SC608673 core:ShareCapital 2024-09-30 SC608673 core:ShareCapital 2023-09-30 SC608673 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC608673 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC608673 core:CostValuation 2023-09-30 SC608673 core:AdditionsToInvestments 2024-09-30 SC608673 core:CostValuation 2024-09-30 SC608673 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-09-30 SC608673 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-09-30 SC608673 bus:OrdinaryShareClass1 2024-09-30 SC608673 2023-10-01 2024-09-30 SC608673 bus:FilletedAccounts 2023-10-01 2024-09-30 SC608673 bus:SmallEntities 2023-10-01 2024-09-30 SC608673 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC608673 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC608673 bus:Director1 2023-10-01 2024-09-30 SC608673 bus:Director2 2023-10-01 2024-09-30 SC608673 2022-10-01 2023-09-30 SC608673 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 SC608673 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC608673 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC608673 (Scotland)

REGIONAL PROPERTY INVESTMENT MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

REGIONAL PROPERTY INVESTMENT MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

REGIONAL PROPERTY INVESTMENT MANAGEMENT LTD

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
REGIONAL PROPERTY INVESTMENT MANAGEMENT LTD

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 100,000 0
100,000 0
Current assets
Debtors
- due within one year 4 337,130 704,359
- due after more than one year 4 1,000,002 0
Cash at bank and in hand 157,015 18,558
1,494,147 722,917
Creditors: amounts falling due within one year 5 ( 1,029,872) ( 126,788)
Net current assets 464,275 596,129
Total assets less current liabilities 564,275 596,129
Net assets 564,275 596,129
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 564,175 596,029
Total shareholder's funds 564,275 596,129

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Regional Property Investment Management Ltd (registered number: SC608673) were approved and authorised for issue by the Board of Directors on 23 June 2025. They were signed on its behalf by:

Stephen Inglis
Director
REGIONAL PROPERTY INVESTMENT MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
REGIONAL PROPERTY INVESTMENT MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 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

Regional Property Investment Management Ltd (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, 227 West George Street, Glasgow, G2 2ND, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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.

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.

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 and deposits held at call with banks.

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.

Basic financial liabilities
Basic financial liabilities including creditors 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.

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

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 October 2023 0 0
Additions 100,000 100,000
At 30 September 2024 100,000 100,000
Carrying value at 30 September 2024 100,000 100,000
Carrying value at 30 September 2023 0 0

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Amounts owed by connected companies 332,310 702,310
Corporation tax 0 1,534
Other debtors 4,820 515
337,130 704,359
Debtors: amounts falling due after more than one year
Other debtors 1,000,002 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 1,029,872 126,788

Amounts owed to related parties are repayable on demand and do not bear interest.

6. Called-up share capital

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

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to Director 1,027,158 124,900

Other related party transactions

2024 2023
£ £
Amounts owed by related parties 332,310 702,310