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REGISTERED NUMBER: SC621491 (Scotland)




















Santorinia Investments Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2025






Santorinia Investments Ltd (Registered number: SC621491)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Santorinia Investments Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTOR: I Irshad



REGISTERED OFFICE: 8 Margaret Rose Crescent
Edinburgh
EH10 7EZ



REGISTERED NUMBER: SC621491 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
206 St John's Road
Edinburgh
EH12 8SH

Santorinia Investments Ltd (Registered number: SC621491)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 780 -
Investments 5 275,000 -
Investment property 6 730,000 1,228,210
1,005,780 1,228,210

CURRENT ASSETS
Debtors 7 1,624 350
Cash at bank 6,141 12,357
7,765 12,707
CREDITORS
Amounts falling due within one year 8 698,289 1,031,362
NET CURRENT LIABILITIES (690,524 ) (1,018,655 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,256

209,555

PROVISIONS FOR LIABILITIES 3,980 -
NET ASSETS 311,276 209,555

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 22,521 -
Retained earnings 9 287,755 208,555
311,276 209,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Santorinia Investments Ltd (Registered number: SC621491)

Balance Sheet - continued
28 February 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 July 2025 and were signed by:





I Irshad - Director


Santorinia Investments Ltd (Registered number: SC621491)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Santorinia Investments Ltd 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.

Turnover and revenue recognition
Turnover represents net invoiced rental income, excluding value added tax.

Rent is recognised in accordance with the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.


Santorinia Investments Ltd (Registered number: SC621491)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

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

Santorinia Investments Ltd (Registered number: SC621491)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,040
At 28 February 2025 1,040
DEPRECIATION
Charge for year 260
At 28 February 2025 260
NET BOOK VALUE
At 28 February 2025 780

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 275,000
At 28 February 2025 275,000
NET BOOK VALUE
At 28 February 2025 275,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 1,228,210
Disposals (528,238 )
Revaluations 30,028
At 28 February 2025 730,000
NET BOOK VALUE
At 28 February 2025 730,000
At 29 February 2024 1,228,210

Santorinia Investments Ltd (Registered number: SC621491)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. INVESTMENT PROPERTY - continued

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2024 30,028
Cost 699,972
730,000

If Investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 699,972 1,228,210

Investment properties were valued on an open market basis on 11 September 2024 by J&E Shepherd, Chartered Surveyors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,624 350

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 16,756 13,049
Other creditors 681,533 1,018,313
698,289 1,031,362

Included in other creditors is a balance due on the director's current account. This balance is unsecured, interest-free, and repayable on demand.

Santorinia Investments Ltd (Registered number: SC621491)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2024 208,555 - 208,555
Profit for the year 109,228 109,228
Transfer (30,028 ) 22,521 (7,507 )
At 28 February 2025 287,755 22,521 310,276