REGISTERED NUMBER: SC447444 (Scotland)

Gourdie Farm Investments Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M L C T Yu

Mr P C T Yu

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Lothian

EH3 6AT

REGISTERED NUMBER:

SC447444 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

Reform Street

PO BOX 17235

Dundee

EH11 1YH

SOLICITORS:

Blackadders LLP

34 Reform Street

Dundee, Tayport

Fife

DD1 1RJ

FIXED ASSETS

Tangible assets

4

163

325

Investment property

5

1,240,716

1,240,716

1,240,879

1,241,041

CURRENT ASSETS

Debtors

6

4,806

1,194

Cash at bank

167,268

207,700

172,074

208,894

CREDITORS

Amounts falling due within one year

7

670,215

736,188

NET CURRENT LIABILITIES

(498,141

)

(527,294

)

TOTAL ASSETS LESS CURRENT LIABILITIES

742,738

713,747

PROVISIONS FOR LIABILITIES

41

81

NET ASSETS

742,697

713,666

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

742,497

713,466

SHAREHOLDERS' FUNDS

742,697

713,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 2 October 2025 and were signed on its behalf by:

Mr P C T Yu - Director

1.	STATUTORY INFORMATION

Gourdie Farm Investments 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.

Turnover and revenue recognition

Turnover represents the receipt of rent.

Rent is recognised in accordance with the lease agreement. Where there are lease incentives such as rent free periods the rent relating to these incentives is accrued and subsequently released of the full period of the lease agreement.

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

-

25% 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 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.

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.

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 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

1,108

DEPRECIATION

At 1 May 2024

783

Charge for year

162

At 30 April 2025

945

NET BOOK VALUE

At 30 April 2025

163

At 30 April 2024

325

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,240,716

NET BOOK VALUE

At 30 April 2025

1,240,716

At 30 April 2024

1,240,716

Investment properties are shown at the directors' estimated valuation as at 30th April 2025. The directors are not professional valuers.

If the investment properties had not been revalued they would have been included at the following historical cost: £1,240,716 (2024 - £1,240,716).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,806

1,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

13,433

22,719

Other creditors

656,782

713,469

670,215

736,188

Other creditors includes an interest-free loan of £77,179 (2024: £151,587) due to Gourdie Farm Associates Limited, a company which is owned by the directors.

Other creditors also include balances owed to the directors' current accounts of £474,642 (2024: £472,304). These balances are unsecured, interest-free, and repayable on demand.

8.	CONTINGENT LIABILITIES

If the company's investment properties were sold at valuation, no capital gains tax liability will arise (NIL: 2024).