ACCOUNTS - Final Accounts

Registered number: SC475721

LEMURIAN ESTATES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024


LEMURIAN ESTATES LIMITED

COMPANY INFORMATION

Director	M J Simpson


Company secretary	Brodies Secretarial Services Limited


Registered number	SC475721


Registered office	12 Rubislaw Terrace Lane
	Aberdeen
	AB10 1XF


Accountants	AAB
	Kingshill View
	Prime Four Business Park
	Kingswells
	Aberdeen
	AB15 8PU


LEMURIAN ESTATES LIMITED

CONTENTS

	Page
Director's responsibilities statement	1
Balance sheet	2
Notes to the financial statements	3 - 5


LEMURIAN ESTATES LIMITED

DIRECTOR'S RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

The director is responsible for preparing the Director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the director is required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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LEMURIAN ESTATES LIMITED REGISTERED NUMBER:SC475721

BALANCE SHEET

AS AT 31 DECEMBER 2024

	2024	2023
Note	£	£

Fixed assets
Investments	4	2,397,934	2,397,934
		2,397,934	2,397,934

Total assets less current liabilities		2,397,934	2,397,934

Net assets		2,397,934	2,397,934

Capital and reserves
Called up share capital	5	4,004	4,004
Revaluation reserve		2,332,161	2,332,161
Other reserves		61,769	61,769
		2,397,934	2,397,934

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M J Simpson

Director

Date: 25 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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LEMURIAN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Lemurian Estates Limited is a limited liability company incorporated in Scotland. The registered office is 12 Rubislaw Terrace Lane, Aberdeen, AB10 1XF. The company was dormant throughout the financial period.

2.Accounting policies

2.1

Going concern

The directors, having made due and careful enquiry and preparing forecasts, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

2.2

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Deferred tax

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

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LEMURIAN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	6,278,890
	At 31 December 2024	6,278,890
	Impairment
	At 1 January 2024	3,880,956
	At 31 December 2024	3,880,956
	Net book value
	At 31 December 2024	2,397,934
	At 31 December 2023	2,397,934

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Lemuria Enterprises Limited

12 Rubislaw Terrace Lane, Aberdeen

Ordinary

100%

5.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

4,004 (2023 - 4,004) Ordinary Shares shares of £1.00 each	4,004	4,004

Page 4


LEMURIAN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Related party transactions
	Control Throughout the year the company was controlled by the directors. Transactions During the year the company had the following transactions with related parties:

Page 5