Silverfin false false 31/03/2025 01/04/2024 31/03/2025 A L Mcelney 24/03/2023 M D Mcelney 24/10/2012 M S Mcelney 24/03/2023 10 October 2025 The principal activity of the Company during the financial year was that of property management and letting. The Company also holds an investment portfolio. SC195004 2025-03-31 SC195004 bus:Director1 2025-03-31 SC195004 bus:Director2 2025-03-31 SC195004 bus:Director3 2025-03-31 SC195004 2024-03-31 SC195004 core:CurrentFinancialInstruments 2025-03-31 SC195004 core:CurrentFinancialInstruments 2024-03-31 SC195004 core:Non-currentFinancialInstruments 2025-03-31 SC195004 core:Non-currentFinancialInstruments 2024-03-31 SC195004 core:ShareCapital 2025-03-31 SC195004 core:ShareCapital 2024-03-31 SC195004 core:OtherCapitalReserve 2025-03-31 SC195004 core:OtherCapitalReserve 2024-03-31 SC195004 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC195004 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC195004 core:PlantMachinery 2024-03-31 SC195004 core:Vehicles 2024-03-31 SC195004 core:FurnitureFittings 2024-03-31 SC195004 core:PlantMachinery 2025-03-31 SC195004 core:Vehicles 2025-03-31 SC195004 core:FurnitureFittings 2025-03-31 SC195004 core:CostValuation 2024-03-31 SC195004 core:AdditionsToInvestments 2025-03-31 SC195004 core:RevaluationsIncreaseDecreaseInInvestments 2025-03-31 SC195004 core:CostValuation 2025-03-31 SC195004 bus:OrdinaryShareClass1 2025-03-31 SC195004 2024-04-01 2025-03-31 SC195004 bus:FilletedAccounts 2024-04-01 2025-03-31 SC195004 bus:SmallEntities 2024-04-01 2025-03-31 SC195004 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC195004 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC195004 bus:Director1 2024-04-01 2025-03-31 SC195004 bus:Director2 2024-04-01 2025-03-31 SC195004 bus:Director3 2024-04-01 2025-03-31 SC195004 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 SC195004 core:Vehicles core:TopRangeValue 2024-04-01 2025-03-31 SC195004 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-31 SC195004 2023-04-01 2024-03-31 SC195004 core:PlantMachinery 2024-04-01 2025-03-31 SC195004 core:Vehicles 2024-04-01 2025-03-31 SC195004 core:FurnitureFittings 2024-04-01 2025-03-31 SC195004 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 SC195004 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 SC195004 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC195004 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC195004 (Scotland)

# ABERCROMBIE PROPERTY MANAGEMENT LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

ABERCROMBIE PROPERTY MANAGEMENT LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ABERCROMBIE PROPERTY MANAGEMENT LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
ABERCROMBIE PROPERTY MANAGEMENT LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 79,633 |  | 867
Investment property | 4 | 1,295,000 |  | 3,095,000
Investments | 5 | 2,256,601 |  | 200,000
|  | 3,631,234 |  | 3,295,867
Current assets |  |  |  |
Debtors | 6 | 828,354 |  | 759,888
Cash at bank and in hand |  | 633,411 |  | 76,924
|  | 1,461,765 |  | 836,812
Creditors: amounts falling due within one year | 7 | ( 914,605) |  | ( 86,495)
Net current assets |  | 547,160 |  | 750,317
Total assets less current liabilities |  | 4,178,394 |  | 4,046,184
Creditors: amounts falling due after more than one year | 8 | ( 1,650,129) |  | ( 2,442,663)
Provision for liabilities |  | ( 137,200) |  | ( 163,626)
Net assets |  | 2,391,065 |  | 1,439,895
Capital and reserves |  |  |  |
Called-up share capital | 9 | 2 |  | 2
Other reserves |  | 580,411 |  | 659,689
Profit and loss account |  | 1,810,652 |  | 780,204
Total shareholder's funds |  | 2,391,065 |  | 1,439,895

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Abercrombie Property Management Limited (registered number: SC195004) were approved and authorised for issue by the Board of Directors on 10 October 2025. They were signed on its behalf by:

M S Mcelney Director |

ABERCROMBIE PROPERTY MANAGEMENT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ABERCROMBIE PROPERTY MANAGEMENT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Abercrombie Property Management Limited is a limited liability company, limited by shares, incorporated and registered in Scotland within the United Kingdom.
The registered office is 90a George Street, Edinburgh, Scotland, EH2 3DF.
The registered number is SC195004.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery | 5 years straight line
Vehicles | 5 years straight line
Fixtures and fittings | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Listed investments

Listed investments are recognised initially at fair value, which is usually the transaction price excluding transaction costs. Subsequent to initial recognition, listed investments are measured at fair value at each reporting date. Changes in fair value are recognised in the statement of income and retained earnings in the period in which they arise.
Fair value is determined by reference to quoted market prices at the reporting date.
Investments are classified as current or non-current depending on the intended holding period.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2024 | 43,706 |  | 0 |  | 5,369 |  | 49,075
Additions | 0 |  | 79,000 |  | 2,268 |  | 81,268
Disposals | ( 43,706) |  | 0 |  | ( 2,937) |  | ( 46,643)
At 31 March 2025 | 0 |  | 79,000 |  | 4,700 |  | 83,700
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2024 | 43,706 |  | 0 |  | 4,502 |  | 48,208
Charge for the financial year | 0 |  | 1,646 |  | 856 |  | 2,502
Disposals | ( 43,706) |  | 0 |  | ( 2,937) |  | ( 46,643)
At 31 March 2025 | 0 |  | 1,646 |  | 2,421 |  | 4,067
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 0 |  | 77,354 |  | 2,279 |  | 79,633
At 31 March 2024 | 0 |  | 0 |  | 867 |  | 867

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 3,095,000
Disposals | (1,800,000)
As at 31 March 2025 | 1,295,000

Valuation

The 2025 valuations were made by the director, on an open market value for existing use basis

#### 5. Fixed asset investments

| Listed investments |  | Other investments |  | Total
| £ |  | £ |  | £
Cost or valuation before impairment |  |  |  |  |
At 01 April 2024 | 0 |  | 200,000 |  | 200,000
Additions | 1,619,284 |  | 450,000 |  | 2,069,284
Movement in fair value | ( 12,683) |  | 0 |  | ( 12,683)
At 31 March 2025 | 1,606,601 |  | 650,000 |  | 2,256,601
Carrying value at 31 March 2025 | 1,606,601 |  | 650,000 |  | 2,256,601
Carrying value at 31 March 2024 | 0 |  | 200,000 |  | 200,000

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 2,381 |  | 5,584
Prepayments and accrued income | 81,223 |  | 52,554
Other debtors | 744,750 |  | 701,750
| 828,354 |  | 759,888

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 1,514 |  | 208
Accruals and deferred income | 28,125 |  | 52,842
Taxation and social security | 879,216 |  | 33,445
Obligations under finance leases and hire purchase contracts (secured) | 5,750 |  | 0
| 914,605 |  | 86,495

Obligations under finance leases and hire purchase contracts are secured against the assets under those leases.

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 630,000 |  | 977,000
Obligations under finance leases and hire purchase contracts (secured) | 12,816 |  | 0
Other creditors | 1,007,313 |  | 1,465,663
| 1,650,129 |  | 2,442,663

Bank loans are secured over the heritable property of the company, and a floating charge over all other assets of the company.
Obligations under finance leases and hire purchase contracts are secured against the assets under those leases.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

Within the other reserves is a non-distributable amount of £580,411 for the unrealised gain on investment property.

#### 10. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
Amounts owed to the ultimate parent company | 1,007,313 |  | 1,465,663

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 1,514 |  | 208