REGISTERED NUMBER: SC410051 (Scotland)

Nicole Harris Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs N Harris

SECRETARY:

Whitelaw Wells

REGISTERED OFFICE:

Newtongrange Dental Practice

5 Station Road

Newtongrange

Dalkeith

EH22 4NB

REGISTERED NUMBER:

SC410051 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland

131 Main Street

Newtongrange

EH22 4PF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

338,124

348,557

Investment property

6

425,000

535,237

763,124

883,794

CURRENT ASSETS

Stocks

6,500

6,500

Debtors

7

44,282

69,007

Cash at bank and in hand

92,586

32,506

143,368

108,013

CREDITORS

Amounts falling due within one year

8

76,312

86,105

NET CURRENT ASSETS

67,056

21,908

TOTAL ASSETS LESS CURRENT LIABILITIES

830,180

905,702

PROVISIONS FOR LIABILITIES

10,359

11,000

NET ASSETS

819,821

894,702

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

(118,799

)

-

Retained earnings

938,520

894,602

819,821

894,702

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 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.

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 director and authorised for issue on 10 September 2025 and were signed by:

Mrs N Harris - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on cost and 10% on cost

Investment property

Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to the fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year-end is included in the fair value reserve with the relevant change in fair value.

Inventories

Inventories have been valued at the lower of cost and estimated selling price less costs to sell.

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.

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.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

65,600

AMORTISATION

At 1 January 2024

and 31 December 2024

65,600

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

343,478

163,027

506,505

Additions

-

9,500

9,500

At 31 December 2024

343,478

172,527

516,005

DEPRECIATION

At 1 January 2024

44,745

113,203

157,948

Charge for year

6,869

13,064

19,933

At 31 December 2024

51,614

126,267

177,881

NET BOOK VALUE

At 31 December 2024

291,864

46,260

338,124

At 31 December 2023

298,733

49,824

348,557

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

535,237

Additions

8,562

Revaluations

(118,799

)

At 31 December 2024

425,000

NET BOOK VALUE

At 31 December 2024

425,000

At 31 December 2023

535,237

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

(118,799

)

Cost

543,799

425,000

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

2024

2023

£

£

Cost

543,799

535,237

Investment property was valued on an open market basis on 31 December 2024 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

43,825

63,484

Other debtors

457

5,523

44,282

69,007

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,047

-

Taxation and social security

60,722

78,578

Other creditors

14,543

7,527

76,312

86,105

9.

RESERVES

Fair

value

reserve

£

Transfer in year

(118,799

)

At 31 December 2024

(118,799

)