Silverfin false false 30/04/2025 01/05/2024 30/04/2025 H Brown 31/03/2010 N Leake 31/03/2010 S Main 16/05/2002 D Mcwhirter 16/05/2002 04 July 2025 The principal activity of the Company continued to be that of property rental. SC230988 2025-04-30 SC230988 bus:Director1 2025-04-30 SC230988 bus:Director2 2025-04-30 SC230988 bus:Director3 2025-04-30 SC230988 bus:Director4 2025-04-30 SC230988 2024-04-30 SC230988 core:CurrentFinancialInstruments 2025-04-30 SC230988 core:CurrentFinancialInstruments 2024-04-30 SC230988 core:ShareCapital 2025-04-30 SC230988 core:ShareCapital 2024-04-30 SC230988 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC230988 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC230988 core:OtherPropertyPlantEquipment 2024-04-30 SC230988 core:OtherPropertyPlantEquipment 2025-04-30 SC230988 bus:OrdinaryShareClass1 2025-04-30 SC230988 2024-05-01 2025-04-30 SC230988 bus:FilletedAccounts 2024-05-01 2025-04-30 SC230988 bus:SmallEntities 2024-05-01 2025-04-30 SC230988 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC230988 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC230988 bus:Director1 2024-05-01 2025-04-30 SC230988 bus:Director2 2024-05-01 2025-04-30 SC230988 bus:Director3 2024-05-01 2025-04-30 SC230988 bus:Director4 2024-05-01 2025-04-30 SC230988 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-05-01 2025-04-30 SC230988 2023-05-01 2024-04-30 SC230988 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 SC230988 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC230988 (Scotland)

VINEQUEST LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH THE REGISTRAR

VINEQUEST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025

Contents

VINEQUEST LIMITED

BALANCE SHEET

AS AT 30 APRIL 2025
VINEQUEST LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2025
Note 2025 2024
£ £
Fixed assets
Investment property 4 450,000 450,000
450,000 450,000
Current assets
Debtors 5 26,399 21,159
Cash at bank and in hand 113,923 103,786
140,322 124,945
Creditors: amounts falling due within one year 6 ( 19,622) ( 18,592)
Net current assets 120,700 106,353
Total assets less current liabilities 570,700 556,353
Net assets 570,700 556,353
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 570,600 556,253
Total shareholders' funds 570,700 556,353

For the financial year ending 30 April 2025 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 Vinequest Limited (registered number: SC230988) were approved and authorised for issue by the Board of Directors on 04 July 2025. They were signed on its behalf by:

H Brown
Director
VINEQUEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2025
VINEQUEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 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

Vinequest 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 Bishop's Court, 29 Albyn Place, Aberdeen, AB10 1YL, Scotland, United Kingdom. The principal place of business is Inchmerle, Nelson Road, Forres, IV30 0OR.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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.

Turnover

Turnover represents income from rental properties.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 6.66 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors.

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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 directors 4 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2024 1,473 1,473
At 30 April 2025 1,473 1,473
Accumulated depreciation
At 01 May 2024 1,473 1,473
At 30 April 2025 1,473 1,473
Net book value
At 30 April 2025 0 0
At 30 April 2024 0 0

4. Investment property

Investment property
£
Valuation
As at 01 May 2024 450,000
As at 30 April 2025 450,000

The directors have assessed the value of investment properties at 30 April 2025 on an open market basis.

5. Debtors

2025 2024
£ £
Corporation tax 11,647 11,647
Other debtors 14,752 9,512
26,399 21,159

6. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 7,143 5,786
Other creditors 12,479 12,806
19,622 18,592

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts due from related parties 9,079 4,106

With an opening balance of £4,106, advances of £ 22,306 were made in the year with repayments of £17,368, with interest charged at £35 (2.25%). As at 30 April 2025, the total combined balance owed by directors is £9,079. This balance has no fixed terms of repayment.