Silverfin false false 28/02/2025 01/03/2024 28/02/2025 J Edgely 07/02/2020 L Lamont 07/02/2020 06 October 2025 The principal activity of the Company during the financial year was that of a holding company. SC653810 2025-02-28 SC653810 bus:Director1 2025-02-28 SC653810 bus:Director2 2025-02-28 SC653810 2024-02-29 SC653810 core:CurrentFinancialInstruments 2025-02-28 SC653810 core:CurrentFinancialInstruments 2024-02-29 SC653810 core:ShareCapital 2025-02-28 SC653810 core:ShareCapital 2024-02-29 SC653810 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC653810 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC653810 core:CostValuation 2024-02-29 SC653810 core:CostValuation 2025-02-28 SC653810 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2025-02-28 SC653810 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-02-29 SC653810 bus:OrdinaryShareClass1 2025-02-28 SC653810 2024-03-01 2025-02-28 SC653810 bus:FilletedAccounts 2024-03-01 2025-02-28 SC653810 bus:SmallEntities 2024-03-01 2025-02-28 SC653810 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC653810 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC653810 bus:Director1 2024-03-01 2025-02-28 SC653810 bus:Director2 2024-03-01 2025-02-28 SC653810 2023-03-01 2024-02-29 SC653810 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 SC653810 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC653810 (Scotland)

# L & M LAMONT LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

L & M LAMONT LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

Contents

L & M LAMONT LIMITED

## BALANCE SHEET

AS AT 28 FEBRUARY 2025
L & M LAMONT LIMITED

## BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 2,845,931 |  | 2,845,931
|  | 2,845,931 |  | 2,845,931
Creditors: amounts falling due within one year | 4 | ( 2,626,107) |  | ( 2,732,093)
Net current liabilities |  | (2,626,107) |  | (2,732,093)
Total assets less current liabilities |  | 219,824 |  | 113,838
Net assets |  | 219,824 |  | 113,838
Capital and reserves |  |  |  |
Called-up share capital | 5 | 100,000 |  | 100,000
Profit and loss account |  | 119,824 |  | 13,838
Total shareholders' funds |  | 219,824 |  | 113,838

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have 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 Profit and Loss Account has not been delivered.

The financial statements of L & M Lamont Limited (registered number: SC653810) were approved and authorised for issue by the Board of Directors on 06 October 2025. They were signed on its behalf by:

J Edgely Director |

L & M LAMONT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
L & M LAMONT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 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

L & M Lamont Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Blackadders Llp, 53, Bothwell Street, Glasgow, G2 6TS, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, 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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet 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.

##### Turnover

Management charges are recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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 Balance Sheet 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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### 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.

##### 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.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 March 2024 | 2,845,931 |  | 2,845,931
At 28 February 2025 | 2,845,931 |  | 2,845,931
Carrying value at 28 February 2025 | 2,845,931 |  | 2,845,931
Carrying value at 29 February 2024 | 2,845,931 |  | 2,845,931

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

| 2025 |  | 2024
| £ |  | £
Amounts owed to own subsidiaries | 2,601,269 |  | 2,716,501
Taxation and social security | 23,438 |  | 13,942
Other creditors | 1,400 |  | 1,650
| 2,626,107 |  | 2,732,093

#### 5. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100,000 Ordinary shares of £ 1.00 each | 100,000 |  | 100,000

#### 6. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts due to related parties | 2,601,269 |  | 2,728,501