IRIS Accounts Production v25.2.0.378 SC383839 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC383839 2023-12-31 SC383839 2024-12-31 SC383839 2024-01-01 2024-12-31 SC383839 2022-12-31 SC383839 2023-01-01 2023-12-31 SC383839 2023-12-31 SC383839 ns15:Scotland 2024-01-01 2024-12-31 SC383839 ns14:PoundSterling 2024-01-01 2024-12-31 SC383839 ns10:Director1 2024-01-01 2024-12-31 SC383839 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC383839 ns10:SmallEntities 2024-01-01 2024-12-31 SC383839 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC383839 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC383839 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC383839 ns10:FullAccounts 2024-01-01 2024-12-31 SC383839 1 2024-01-01 2024-12-31 SC383839 ns10:Director2 2024-01-01 2024-12-31 SC383839 ns10:Director3 2024-01-01 2024-12-31 SC383839 ns10:Director4 2024-01-01 2024-12-31 SC383839 ns10:Director5 2024-01-01 2024-12-31 SC383839 ns10:CompanySecretary1 2024-01-01 2024-12-31 SC383839 ns10:RegisteredOffice 2024-01-01 2024-12-31 SC383839 ns5:CurrentFinancialInstruments 2024-12-31 SC383839 ns5:CurrentFinancialInstruments 2023-12-31 SC383839 ns5:Non-currentFinancialInstruments 2024-12-31 SC383839 ns5:Non-currentFinancialInstruments 2023-12-31 SC383839 ns5:ShareCapital 2024-12-31 SC383839 ns5:ShareCapital 2023-12-31 SC383839 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC383839 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC383839 1 2024-01-01 2024-12-31 SC383839 ns5:MotorVehicles 2024-01-01 2024-12-31 SC383839 ns5:ComputerEquipment 2024-01-01 2024-12-31 SC383839 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 SC383839 ns5:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 SC383839 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 SC383839 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-31 SC383839 ns5:PlantMachinery 2023-12-31 SC383839 ns5:PlantMachinery 2024-01-01 2024-12-31 SC383839 ns5:PlantMachinery 2024-12-31 SC383839 ns5:PlantMachinery 2023-12-31 SC383839 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2023-12-31 SC383839 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 SC383839 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-12-31 SC383839 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2023-12-31 SC383839 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC383839 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 SC383839 ns5:CurrentFinancialInstruments 2024-01-01 2024-12-31 SC383839 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-12-31 SC383839 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2023-12-31 SC383839 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-12-31 SC383839 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2023-12-31 SC383839 ns5:HirePurchaseContracts 2024-12-31 SC383839 ns5:HirePurchaseContracts 2023-12-31 SC383839 ns5:WithinOneYear 2024-12-31 SC383839 ns5:WithinOneYear 2023-12-31 SC383839 ns5:BetweenOneFiveYears 2024-12-31 SC383839 ns5:BetweenOneFiveYears 2023-12-31 SC383839 ns5:AllPeriods 2024-12-31 SC383839 ns5:AllPeriods 2023-12-31 SC383839 ns5:Secured 2024-12-31 SC383839 ns5:Secured 2023-12-31

REGISTERED NUMBER: SC383839 (Scotland)

| Sheridan Keane Real Estate Investment |

| Limited |

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Sheridan Keane Real Estate Investment |

| Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | S G Sheridan

| Mrs V J Sheridan

| C Keane

| Mrs J Keane

| P J Ford

| SECRETARY: | Whitelaw Wells

| REGISTERED OFFICE: | 9 Ainslie Place

| Edinburgh

| EH3 6AT

| REGISTERED NUMBER: | SC383839 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| BANKERS: | Bank of Scotland

| 600 Gorgie Road

| Edinburgh

| EH11 3XP

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 50,537 |  | 70,071 |  |

50,537 |  | 70,071 |  |

CURRENT ASSETS

Debtors | 6 | 184,996 |  | 433,394 |  |

Cash at bank and in hand | 550,182 |  | 156,337 |  |

735,178 |  | 589,731 |  |

CREDITORS

Amounts falling due within one year | 7 | 424,484 |  | 381,895 |  |

NET CURRENT ASSETS | 310,694 |  | 207,836 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 361,231 |  | 277,907 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (64,311 | ) | (122,537 | ) |

PROVISIONS FOR LIABILITIES | (12,530 | ) | (16,930 | ) |

NET ASSETS | 284,390 |  | 138,440 |  |

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Balance Sheet - continued

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 104 |  | 104 |  |

Retained earnings | 284,286 |  | 138,336 |  |

284,390 |  | 138,440 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 May 2025 and were signed on its behalf by:

S G Sheridan - Director

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Sheridan Keane Real Estate Investment 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.

| The director's going concern assessment includes a period of at least 12 months from the date of signing of these financial statements

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Turnover

| Turnover represents net invoiced property commission, excluding value added tax.

| Revenue is recognised when the service has been provided and all obligations to the customers under the agreement have been fulfilled.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Motor vehicles | - | 25% on cost

| Computer & office equipment | - | 33% on cost

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| 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.

| All loans with related parties are all repayable on demand.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2023 - 6 ) .

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2024 | 2,400 |  |

| Disposals | (2,400 | ) |

| At 31 December 2024 | - |  |

| AMORTISATION

| At 1 January 2024 | 2,400 |  |

| Eliminated on disposal | (2,400 | ) |

| At 31 December 2024 | - |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 127,038 |  |

| Additions | 1,865 |  |

| At 31 December 2024 | 128,903 |  |

| DEPRECIATION

| At 1 January 2024 | 56,967 |  |

| Charge for year | 21,399 |  |

| At 31 December 2024 | 78,366 |  |

| NET BOOK VALUE

| At 31 December 2024 | 50,537 |  |

| At 31 December 2023 | 70,071 |  |

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 75,249 |  |

| DEPRECIATION

| At 1 January 2024 | 15,050 |  |

| Charge for year | 15,050 |  |

| At 31 December 2024 | 30,100 |  |

| NET BOOK VALUE

| At 31 December 2024 | 45,149 |  |

| At 31 December 2023 | 60,199 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 1,302 |  | 212,463 |  |

| Amounts owed by group undertakings | 109,828 |  | 109,828 |  |

| Other debtors | 73,866 |  | 111,103 |  |

184,996 |  | 433,394 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 50,000 |  | 50,000 |  |

| Hire purchase contracts (see note 9) | 8,226 |  | 8,226 |  |

| Amounts owed to group undertakings | 61,994 |  | 138,508 |  |

| Taxation and social security | 281,568 |  | 143,011 |  |

| Other creditors | 22,696 |  | 42,150 |  |

424,484 |  | 381,895 |  |

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

| Included within other creditors is a loan from the directors. The balance is unsecured and repayable on demand.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 20,833 |  | 70,833 |  |

| Hire purchase contracts (see note 9) | 43,478 |  | 51,704 |  |

64,311 |  | 122,537 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2024 | 2023 |

£ | £ |

| Net obligations repayable:

| Within one year | 8,226 |  | 8,226 |  |

| Between one and five years | 43,478 |  | 51,704 |  |

51,704 |  | 59,930 |  |

| Non-cancellable |

| operating leases |

2024 | 2023 |

£ | £ |

| Within one year | 32,895 |  | 30,080 |  |

| Between one and five years | 17,869 |  | 37,633 |  |

50,764 |  | 67,713 |  |

| Sheridan Keane Real Estate Investment |

| Limited (Registered number: SC383839) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 70,833 |  | 120,833 |  |

| The Bank of Scotland Plc holds a bond and floating charge over the assets of the company.

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Included within creditors is a directors loan balance of £620 (2023 - £2,663).

12. | RELATED PARTY DISCLOSURES

| DIVIDENDS

| During the year dividends of £412,067 (2023 - £1,262,230) were paid to the shareholders and their related companies.