Registration number: SC277359

P.E. Binns Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 8

P.E. Binns Limited

Company Information

Directors

P E Binns C L Binns

Company secretary

P E Binns

Registered office

The Old Farmhouse Broomlee Mains West Linton Peeblesshire EH46 7BT

Accountants

Brown, Scott & Main 91 West Savile Terrace Edinburgh Lothian EH9 3DP

P.E. Binns Limited

(Registration number: SC277359)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	-	773
Investment property	6	192,500	190,000
Other financial assets	7	86,789	80,083
		279,289	270,856
Current assets
Cash at bank and in hand		18,202	10,142
Creditors: Amounts falling due within one year	8	(2,424)	(1,536)
Net current assets		15,778	8,606
Total assets less current liabilities		295,067	279,462
Creditors: Amounts falling due after more than one year	8	(4,290)	(2,340)
Provisions for liabilities		(14,727)	(12,709)
Net assets		276,050	264,413
Capital and reserves
Called up share capital	9	2	2
Non-distributable reserve		58,166	51,292
Retained earnings		217,882	213,119
Shareholders' funds		276,050	264,413

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 September 2025 and signed on its behalf by:
 

......................................... C L Binns Director

P.E. Binns Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Non-distributable reserve £	Retained earnings £	Total £
At 1 January 2024	2	51,292	213,119	264,413
Profit for the year	-	-	11,637	11,637
Other comprehensive income	-	6,874	(6,874)	-
Total comprehensive income	-	6,874	4,763	11,637
At 31 December 2024	2	58,166	217,882	276,050

	Share capital £	Non-distributable reserve £	Retained earnings £	Total £
At 1 January 2023	2	49,085	213,486	262,573
Profit for the year	-	-	1,840	1,840
Other comprehensive income	-	2,207	(2,207)	-
Total comprehensive income	-	2,207	(367)	1,840
At 31 December 2023	2	51,292	213,119	264,413

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Old Farmhouse
Broomlee Mains
West Linton
Peeblesshire
EH46 7BT
United Kingdom

These financial statements were authorised for issue by the Board on 20 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The Presentation currency is sterling.

Revenue recognition

Turnover represents the revenue earned under contracts to provide professional services to customers and amount of rental income receivable for the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, less their residual value over their estimated useful lives, as follows:

Computer equipment - 25% straight line basis
 

Investment property

Investment property is carried at fair value. Changes in fair value are recognised in profit or loss. This is transferred, for ease of identification, to a non-distributable reserve which displays the cumulative unrealised surplus or deficit on revaluation net of deferred tax.

Investments

Non-current financial assets comprise non-puttable ordinary shares in publicly traded companies which are recognised at fair value with changes in fair value recognised in profit and loss. This is transferred, for ease of identification, to the fair value reserve which displays the cumulative unrealised surplus or deficit or revaluation. This transfer and the resultant balances are shown in the notes to the finanial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

4

Taxation

	2024		2023
Current taxation	£		£
Deferred tax	2,018		3,668
Corporation tax	818		102
	2,836		3,770

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost
At 1 January 2024	6,607	6,607
At 31 December 2024	6,607	6,607
Depreciation
At 1 January 2024	5,834	5,834
Charge for the year	773	773
At 31 December 2024	6,607	6,607
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	773	773

6	Investment property

	2024 £
At 1 January	190,000
Fair value adjustments	2,500
At 31 December	192,500

The investment property was valued at 31 December 2018 by a professional valuer and the director believes this value, with adjustment for inflation, is reasonable at 31 December 2024.

If investment property had not been revalued, it would have been included at its historical cost of £143,357.

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2024	80,083	80,083
Fair value adjustments	6,584	6,584
Additions	1,977	1,977
Disposals	(1,855)	(1,855)
At 31 December 2024	86,789	86,789
Impairment
Carrying amount
At 31 December 2024	86,789	86,789

Financial assets held at fair value

The market value of the listed investments at 31 December 2024 was £74,310 (2023 - £69,212).

The market value of the other tangible investments held at 31 December 2024 was £12,479 (2023 - £10,871)

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	1,094	276
Accruals and deferred income	1,330	1,260
	2,424	1,536

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	10	4,290	2,340

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share capital of £1 each	2	2	2	2

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	4,290	2,340

11

Provisions for liabilities

		2024		2023
		£		£
Deferred tax		14,727		12,709
				Deferred tax
				£
At	1 January 2024			12,709
Provision during year				2,018
At	31 December 2024			14,727