iso4217:GBP
xbrli:pure
xbrli:shares
iso4217:GBP
xbrli:shares
SC546446
2024-12-31
SC546446
2023-12-31
SC546446
2024-01-01
2024-12-31
SC546446
2023-01-01
2023-12-31
SC546446
bus:Director4
2024-01-01
2024-12-31
SC546446
bus:Director1
2024-01-01
2024-12-31
SC546446
bus:Director3
2024-01-01
2024-12-31
SC546446
bus:SmallEntities
2024-01-01
2024-12-31
SC546446
bus:AuditExemptWithAccountantsReport
2024-01-01
2024-12-31
SC546446
bus:FilletedAccounts
2024-01-01
2024-12-31
SC546446
bus:Director1
2024-01-01
2024-12-31
SC546446
2024-01-01
2024-12-31
SC546446
bus:PrivateLimitedCompanyLtd
2024-01-01
2024-12-31
Registration Number SC546446 (Scotland)
Filleted Unaudited Financial Statements
for the year ended 31 December 2024
Filleted Financial Statements for the year ended 31 December 2024
STATEMENT OF FINANCIAL POSITION
Debtors
3
8,016,000
8,001,000
Cash at bank and in hand
3,186
4,005
Creditors: amounts falling due within one year
4
1,116,310
1,082,000
Net current assets
6,902,876
6,923,005
Total assets less current liabilities
6,902,876
6,923,005
Net assets
6,902,876
6,923,005
Called up share capital
5
1,000
1,000
Profit and loss account
6,901,876
6,922,005
Shareholder's funds
6,902,876
6,923,005
These financial statements and reports have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the statement of comprehensive income and retained earnings has been taken.
For the year ended 31 December 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its accounts for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect of accounting records and the preparation of accounts.
The financial statements were approved and authorised for issue by the Director on 29 September 2025.
The notes on pages 2 to 4 form part of these accounts.
Company registration number: SC546446
Filleted Financial Statements for the year ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
1.
Summary of significant accounting policies
1.1
General information and basis of preparation
Ediston Lions Limited is a private company limited by shares, registered in Scotland. The address of the registered office and registration number are as below:
These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.
The nature of the company's operations principal activity during the year was management and development of real estate.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.
These financial statements have been prepared on a going concern basis. The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks, including an assessment of the uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. Based on this assessment, the directors consider the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business. In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements.
Filleted Financial Statements for the year ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
1.2
Financial instruments
Other financial assets, including trade debtors for goods sold to customers on short-term credit, are initially measured at the transaction price including transaction costs, and are subsequently measured at the transaction price plus transaction costs not yet recognised, cumulative interest income less repayments and impairment, where there is evidence of impairment.
Other financial liabilities
Other financial liabilities, including trade creditors, are initially measured at transaction price less transaction costs, and are subsequently measured at the transaction price less transaction costs not yet recognised in profit or loss and repayments plus cumulative interest expenses incurred.
Impairment of financial assets
At the end of each reporting period, the company assesses whether there is evidence of impairment of any financial assets, including investments, loans, trade debtors and cash. If there is evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.
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.
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.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Filleted Financial Statements for the year ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
1.5
Judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.
The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 8 for carrying amount of debtors.
The average monthly number of employees, including the director, during the year was as follows:
Amounts falling due within one year
Other debtors
1,000
1,000
Amounts falling due after more than one year
Other debtors
8,000,000
8,000,000
Total debtors
8,016,000
8,001,000
4.
Creditors: amounts falling due within one year
Trade creditors
90,000
540,000
Other creditors
1,022,960
467,000
Filleted Financial Statements for the year ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS
5.
Called up share capital
Issued, called up and fully paid
2024
Number
2023
Number
1000 A Ordinary shares of £1.00 each
1,000
1,000
1000 A Ordinary shares of £1.00 each
1,000
1,000
6.
Directors' loans, credits and guarantees
Included in other creditors is an outstanding loan due to the director of £1,022,960 (2023: £nil). During the year, interest of the Bank of England Base Rate plus a margin of 3% was charged on the loan balance. The loan is repayable on demand.
7.
Contingent liabilities
In 2021 the Company sold its investment in Craighead Properties Limited for £15,964,100. A payment in cash of £1,964,100 was received and £14,000,000 is split over three deferred payments. The first deferred payment of £2,500,000, the second deferred payment of £5,500,000 and the third deferred payment of £6,000,000. These deferred payments are still to be received. The total deferred payment included within other debtors is £8,000,000 as the share purchase agreement states there is a contingent liability of £6,000,000 which if claimed can be netted-off against the deferred payments.
Appendix - Additional XBRL Tags and Values
Accounting standards applied
Accounts status, audited or unaudited
Average number of employees during the period
Average number of employees during the period
Date of authorisation of financial statements for issue
Director signing Directors' Report
Director signing financial statements
End date for period covered by report
Entity current legal or registered name
Entity is dormant [true/false]
Name of individual auditor
Name of production software
Start date for period covered by report
UK Companies House registered number