REGISTERED NUMBER: SC557123 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SEVEN HILLS INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N R Brannan

A J Brannan

REGISTERED OFFICE:

24A Ainslie Place

Edinburgh

Lothian

EH3 6AJ

REGISTERED NUMBER:

SC557123 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

HSBC

118 Princes Street

Edinburgh

EH2 4AA

SOLICITORS:

Murray Beith Murray

3 Glenfinlas Street

Edinburgh

EH3 6AQ

FIXED ASSETS

Intangible assets

4

563

844

Tangible assets

5

6,181

5,818

Investment property

6

3,415,000

3,440,000

3,421,744

3,446,662

CURRENT ASSETS

Debtors

7

239,350

256,825

Cash at bank

25,686

556,875

265,036

813,700

CREDITORS

Amounts falling due within one year

8

1,219,309

1,756,463

NET CURRENT LIABILITIES

(954,273

)

(942,763

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,467,471

2,503,899

CREDITORS

Amounts falling due after more than one year

9

3,609,781

3,609,798

NET LIABILITIES

(1,142,310

)

(1,105,899

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,142,410

)

(1,105,999

)

(1,142,310

)

(1,105,899

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 15 September 2025 and were signed on its behalf by:

Mrs N R Brannan - Director

A J Brannan - Director

1.	STATUTORY INFORMATION

Seven Hills Investments 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

The company meets its day to day working capital requirements through a directors loan. The directors will continue to support the company until sufficient profitability is achieved and on this basis considers it appropriate to prepare the accounts on a going concern basis.

Turnover

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

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Plant and machinery etc

-

10% on cost

Investment property

The company carries investment property at fair value with changes in fair value being recognised in the Income Statement. Net increases in value together with the related deferred tax are transferred to a Fair Value Reserve. Where accumulated net losses exceed accumulated net gains, no such transfers take place.

Financial instruments

Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

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 material 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2024

and 28 February 2025

1,125

AMORTISATION

At 1 March 2024

281

Charge for year

281

At 28 February 2025

562

NET BOOK VALUE

At 28 February 2025

563

At 29 February 2024

844

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

8,207

Additions

1,315

At 28 February 2025

9,522

DEPRECIATION

At 1 March 2024

2,389

Charge for year

952

At 28 February 2025

3,341

NET BOOK VALUE

At 28 February 2025

6,181

At 29 February 2024

5,818

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

3,440,000

Additions

79,610

Revaluations

(104,610

)

At 28 February 2025

3,415,000

NET BOOK VALUE

At 28 February 2025

3,415,000

At 29 February 2024

3,440,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2020

61,435

Valuation in 2021

(18,035

)

Valuation in 2023

590

Valuation in 2024

(1,045,200

)

Valuation in 2025

(104,610

)

Cost

4,520,820

3,415,000

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

2025

2024

£

£

Cost

4,520,820

4,441,210

Investment property was valued on an open market basis on by the directors .

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

14,264

-

Other debtors

25,728

22,249

39,992

22,249

Amounts falling due after more than one year:

Other debtors

199,358

234,576

Aggregate amounts

239,350

256,825

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,735

5,794

Taxation and social security

1,887

2,524

Other creditors

1,210,687

1,748,145

1,219,309

1,756,463

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

3,609,781

3,609,798