The director of the company has elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Netherwood Estates (Bathgate) Limited is a private company limited by shares incorporated in the United Kingdom and registered in Scotland. Details of the registered office and number can be found on the company information page of these financial statements.

Netherwood Estates (Bathgate) Limited has not traded since 31 December 1985.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties.

Netherwood Estates (Bathgate) Limited is a subsidiary of Sibcas (Holdings) Limited. Exemption has been taken from preparing a statement of cash flows on the grounds that a consolidated statement of cash flows is prepared within the publically available financial statements of Sibcas (Holdings) Limited. These financial statements may be obtained from Easton Road, Bathgate, West Lothian, EH48 2SF.

The company has a positive reserves position and thus the company's members are satisfied that there are sufficient resources in place to continue operating in the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the annual financial statements. true

Freehold property is carried at fair value at the date of the revaluation less any subsequent accumulated depreciation and accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the statement of financial position date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in the statement of other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit and loss.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents deferred tax.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The director is satisfied that the accounting policies are appropriate and applied consistently. Key sources of estimation have been applied to the valuation of freehold property which was valued with reference to a valuation by an appropriately qualified surveyor as at 31 March 2025 using market data at the date of valuation.

The freehold property consists entirely of land and consequently no depreciation has been charged in these financial statements.

The freehold property is subject to a standard security.

There is also a bond and floating charge, together with unlimited inter-company guarantees between all group companies to secure the bank facilities of the group.

The property of the company was independently valued as at 31 March 2025 by Stuart Jolly BSc (Hons) MRICS and Kerry Maguire MRICS of Avison Young (UK) Limited. The valuation was carried out on a fair value basis.

Freehold properties are carried at valuation. If freehold properties were measured using the cost model, the carrying amounts would have been £76,277 (2024: £76,277), being cost £76,277 (2024: £76,277) and depreciation £nil (2024: £nil).

The amounts due to the holding company are unsecured for cash settlement in accordance with usual terms.

Ordinary shares are non-redeemable and one vote can be cast per share. Dividends may be declared in general meetings.

Revaluation reserve

The revaluation reserve includes the revaluation adjustments including deferred tax in relation to the property held by the company.

Profit and loss reserve

The profit and loss reserve contains all current and prior year retained profits and losses.

The ultimate holding company is Sibcas (Holdings) Limited, which is incorporated in Scotland.

Netherwood Estates (Bathgate) Limited is included in the consolidated financial statements of Sibcas (Holdings) Limited. The consolidated financial statements can be obtained from Sibcas (Holdings) Limited's registered office at Easton Road, Bathgate, West Lothian, EH48 2SF.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.