Company registration number: SC555809
Unaudited financial statements
for the year ended 31 January 2025
for
Netherby Holdings Ltd
Pages for filing with the Registrar
Netherby Holdings Ltd
Accountants' Report to the Board of Directors for the preparation of the unaudited
financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Netherby Holdings Ltd for the year ended 31 January 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Netherby Holdings Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Netherby Holdings Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Netherby Holdings Ltd and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Netherby Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Netherby Holdings Ltd. You consider that Netherby Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Netherby Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
NM Advisory Limited
1 Hill Street
Edinburgh
EH2 3JP
United Kingdom
Date: 15 October 2025
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Company registration number: SC555809
Netherby Holdings Ltd
Balance sheet
as at 31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 - -
Investment property 5 240,220 240,220
240,220 240,220
Current assets
Cash at bank and in hand 22,470 13,205
22,470 13,205
Creditors: amounts falling due within one
year 		(184,576) (183,819)
Net current liabilities (162,106) (170,614)
Total assets less current liabilities 78,114 69,606
NET ASSETS 78,114 69,606
Capital and reserves
Called up share capital 100 100
Profit and loss account 78,014 69,506
TOTAL EQUITY 78,114 69,606
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC555809
Netherby Holdings Ltd
Balance sheet - continued
as at 31 January 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 October 2025 and signed on its behalf by:
Mr B Sullivan, Director
15 October 2025
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Netherby Holdings Ltd
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
Netherby Holdings Ltd is a private company registered in Scotland. Its registered number is SC555809. The company is limited by shares. Its registered office is Netherby 31 Keir Street, Bridge Of Allan, Stirling, FK9 4QJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Motor vehicles - 33.3% straight line
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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Netherby Holdings Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. 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 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.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 February 2024 3,937
At 31 January 2025 3,937
Depreciation
At 1 February 2024 3,937
At 31 January 2025 3,937
Net book value
At 31 January 2025 -
At 31 January 2024 -
5 Investment property
£
Valuation
At 1 February 2024 240,220
At 31 January 2025 240,220
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Netherby Holdings Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024.
2025 2024
£ £
Barry Sullivan
Balance outstanding at start of year (181,500) (101,500)
Amounts advanced - (80,000)
Balance outstanding at end of year (181,500) (181,500)
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