REGISTERED NUMBER: SC463240 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SOUTH GLENBUCHAT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Robinson

Mr P A Robinson

REGISTERED OFFICE:

5 Carden Place

Aberdeen

AB10 1UT

REGISTERED NUMBER:

SC463240 (Scotland)

FIXED ASSETS

Property, plant and equipment

4

694,960

708,298

CURRENT ASSETS

Inventories

180

-

Debtors

5

10,143

2,517

Cash at bank

189,791

252,736

200,114

255,253

CREDITORS

Amounts falling due within one year

6

24,113

53,521

NET CURRENT ASSETS

176,001

201,732

TOTAL ASSETS LESS CURRENT LIABILITIES

870,961

910,030

PROVISIONS FOR LIABILITIES

8,542

11,077

NET ASSETS

862,419

898,953

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

862,417

898,951

SHAREHOLDERS' FUNDS

862,419

898,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr P A Robinson - Director

1.	STATUTORY INFORMATION

South Glenbuchat Limited 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

Straight line over 4 years

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

Straight line over 5 years

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investment property

In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been changed cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Donations

During the year, company donated £5,300 to several charities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

650,000

45,730

7,285

107,759

810,774

Additions

-

-

-

2,296

2,296

Disposals

-

(697

)

(3,832

)

(5,000

)

(9,529

)

At 31 March 2025

650,000

45,033

3,453

105,055

803,541

DEPRECIATION

At 1 April 2024

-

37,858

7,285

57,333

102,476

Charge for year

-

2,374

-

13,260

15,634

Eliminated on disposal

-

(697

)

(3,832

)

(5,000

)

(9,529

)

At 31 March 2025

-

39,535

3,453

65,593

108,581

NET BOOK VALUE

At 31 March 2025

650,000

5,498

-

39,462

694,960

At 31 March 2024

650,000

7,872

-

50,426

708,298

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,931

-

Directors' current accounts

106

-

Tax

2,046

-

VAT

319

123

Prepayments and accrued income

741

2,394

10,143

2,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,600

7,930

Amounts owed to participating interests

17,514

17,514

Tax

-

(1,789

)

Other creditors

-

25,374

Directors' current accounts

-

1,493

Accrued expenses

2,999

2,999

24,113

53,521

7.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.