Simply St Andrews Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC683256

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,919,221		9,223,759

			17,919,221		9,223,759
CURRENT ASSETS
Debtors	5	249		199
Cash at bank and in hand		247		178

		496		377
Creditors: Amounts Falling Due Within One Year	6	(6,143,490 )		(2,801,832 )

NET CURRENT ASSETS (LIABILITIES)			(6,142,994 )		(2,801,455 )

TOTAL ASSETS LESS CURRENT LIABILITIES			11,776,227		6,422,304

Creditors: Amounts Falling Due After More Than One Year	7		(11,789,645 )		(6,432,241 )

NET LIABILITIES			(13,418 )		(9,937 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(13,518 )		(10,037 )

SHAREHOLDERS' FUNDS			(13,418)		(9,937)

Page 1

Page 2

Simply St Andrews Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gary Sharp

Director

18 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Simply St Andrews Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC683256 . The registered office is Stewart House Pochard Way, Strathclyde Business Park, Bellshill, Lanarkshire, ML4 3HB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

Not Depreciated

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2024	9,223,759
Additions	8,695,462

As at 31 December 2024	17,919,221

Net Book Value
As at 31 December 2024	17,919,221

As at 1 January 2024	9,223,759

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	100	100
VAT	149	99

	249	199

Page 3

Page 4

Simply St Andrews Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	220,739	584,565
Accruals and deferred income	10,796	8,396
Amounts owed to related parties	5,911,955	2,208,871

	6,143,490	2,801,832

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	11,789,645	6,432,241

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100