IRIS Accounts Production v25.2.0.378 SC053796 director 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC053796 2024-03-31 SC053796 2025-03-31 SC053796 2024-04-01 2025-03-31 SC053796 2023-03-31 SC053796 2023-04-01 2024-03-31 SC053796 2024-03-31 SC053796 ns15:Scotland 2024-04-01 2025-03-31 SC053796 ns14:PoundSterling 2024-04-01 2025-03-31 SC053796 ns10:Director1 2024-04-01 2025-03-31 SC053796 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC053796 ns10:SmallEntities 2024-04-01 2025-03-31 SC053796 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC053796 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC053796 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC053796 ns10:FullAccounts 2024-04-01 2025-03-31 SC053796 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC053796 ns5:CurrentFinancialInstruments 2025-03-31 SC053796 ns5:CurrentFinancialInstruments 2024-03-31 SC053796 ns5:ShareCapital 2025-03-31 SC053796 ns5:ShareCapital 2024-03-31 SC053796 ns5:RevaluationReserve 2025-03-31 SC053796 ns5:RevaluationReserve 2024-03-31 SC053796 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC053796 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC053796 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC053796 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC053796 ns5:DeferredTaxation 2024-03-31 SC053796 ns5:DeferredTaxation 2025-03-31 SC053796 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC053796 ns5:RevaluationReserve 2024-03-31 SC053796 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 SC053796 1 ns10:Director1 2024-03-31 SC053796 1 ns10:Director1 2023-03-31 SC053796 1 ns10:Director1 2024-04-01 2025-03-31 SC053796 1 ns10:Director1 2023-04-01 2024-03-31 SC053796 1 ns10:Director1 2025-03-31 SC053796 1 ns10:Director1 2024-03-31

REGISTERED NUMBER: SC053796 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Neil B. Hepburn Limited

Neil B. Hepburn Limited (Registered number: SC053796)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Neil B. Hepburn Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | Jill Mary Hepburn

| REGISTERED OFFICE: | 19 Deaconsbank Avenue

| Thornliebank

| Glasgow

| G46 7UN

| REGISTERED NUMBER: | SC053796 (Scotland)

| ACCOUNTANTS: | Accountants Plus

| Chartered Certified Accountants

| Second Floor

| Airbles House

| 270 Airbles Road

| Motherwell

| ML1 3AT

Neil B. Hepburn Limited (Registered number: SC053796)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 310,000 |  | 310,000 |  |

CURRENT ASSETS

Debtors | 5 | 4,286 |  | 5,171 |  |

Cash at bank | 26,043 |  | 21,263 |  |

30,329 |  | 26,434 |  |

CREDITORS

Amounts falling due within one year | 6 | 16,092 |  | 11,598 |  |

NET CURRENT ASSETS | 14,237 |  | 14,836 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 324,237 |  | 324,836 |  |

PROVISIONS FOR LIABILITIES | 7 | 47,683 |  | 47,683 |  |

NET ASSETS | 276,554 |  | 277,153 |  |

CAPITAL AND RESERVES

Called up share capital | 26 |  | 26 |  |

Fair value reserve | 8 | 250,965 |  | 250,965 |  |

Retained earnings | 8 | 25,563 |  | 26,162 |  |

SHAREHOLDERS' FUNDS | 276,554 |  | 277,153 |  |

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 director acknowledges her 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.

Neil B. Hepburn Limited (Registered number: SC053796)

Balance Sheet - continued

31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:

Jill Mary Hepburn - Director

Neil B. Hepburn Limited (Registered number: SC053796)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Neil B. Hepburn 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rent receivable in the year, together with recharged services, net of vat.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and bank balances

| Cash and bank balances are measured at the transaction price.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Neil B. Hepburn Limited (Registered number: SC053796)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 310,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 310,000 |  |

| At 31 March 2024 | 310,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2012 | 236,206 |  |

| Valuation in 2022 | 62,000 |  |

| Cost | 11,794 |  |

310,000 |  |

Neil B. Hepburn Limited (Registered number: SC053796)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | INVESTMENT PROPERTY - continued

| If investment property had not been revalued it would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 11,794 |  | 11,794 |  |

| Investment property was valued on an open market basis on 17 May 2022 by Whyte & Barrie Chartered Surveyors .

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 3,514 |  | 3,514 |  |

| VAT | - |  | 1,069 |  |

| Prepayments | 772 |  | 588 |  |

4,286 |  | 5,171 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 4,200 |  | 600 |  |

| Tax | 3,378 |  | 3,527 |  |

| VAT | 1,093 |  | - |  |

| Other creditors | 150 |  | 150 |  |

| Deferred income | 2,700 |  | 2,700 |  |

| Accrued expenses | 4,571 |  | 4,621 |  |

16,092 |  | 11,598 |  |

7. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 47,683 |  | 47,683 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 47,683 |  |

| Balance at 31 March 2025 | 47,683 |  |

Neil B. Hepburn Limited (Registered number: SC053796)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 26,162 |  | 250,965 |  | 277,127 |  |

| Profit for the year | 14,401 |  | 14,401 |  |

| Dividends | (15,000 | ) | (15,000 | ) |

| At 31 March 2025 | 25,563 |  | 250,965 |  | 276,528 |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| Jill Mary Hepburn

| Balance outstanding at start of year | - |  | 5,000 |  |

| Amounts repaid | - |  | (5,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |