REGISTERED NUMBER: SC321737 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Ythan Control Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P F Livingston

Mrs G M Livingston

REGISTERED OFFICE:

18 Craighall Crescent

Ellon

Aberdeenshire

AB41 9NR

REGISTERED NUMBER:

SC321737 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

7,952

10,393

Investment property

5

280,000

280,000

287,952

290,393

CURRENT ASSETS

Debtors

6

18,784

137,358

Investments

7

5,035

5,035

Cash at bank

287,684

156,155

311,503

298,548

CREDITORS

Amounts falling due within one year

8

8,759

9,851

NET CURRENT ASSETS

302,744

288,697

TOTAL ASSETS LESS CURRENT LIABILITIES

590,696

579,090

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

(14,767

)

(11,962

)

Retained earnings

605,461

591,050

590,696

579,090

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 29 October 2025 and were signed on its behalf by:

Mr P F Livingston - Director

1.	STATUTORY INFORMATION

Ythan Control Systems 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

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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

1,272

27,299

6,732

35,303

Additions

-

-

720

720

Disposals

-

-

(799

)

(799

)

At 30 April 2025

1,272

27,299

6,653

35,224

DEPRECIATION

At 1 May 2024

1,213

18,315

5,382

24,910

Charge for year

12

2,246

903

3,161

Eliminated on disposal

-

-

(799

)

(799

)

At 30 April 2025

1,225

20,561

5,486

27,272

NET BOOK VALUE

At 30 April 2025

47

6,738

1,167

7,952

At 30 April 2024

59

8,984

1,350

10,393

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

280,000

NET BOOK VALUE

At 30 April 2025

280,000

At 30 April 2024

280,000

The director has assessed the property market and historical cost price of the investment property in determining a fair value.

There has been no valuation of investment property by an independent valuer.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

7,106

8,685

Amounts recoverable on contract

8,741

8,554

Other debtors

2,937

120,119

18,784

137,358

7.	CURRENT ASSET INVESTMENTS

30.4.25

30.4.24

£

£

Unlisted investments

5,035

5,035

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Taxation and social security

4,538

6,741

Other creditors

4,221

3,110

8,759

9,851

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

Mr P F Livingston

Balance outstanding at start of year

118,775

(865

)

Amounts advanced

238

120,000

Amounts repaid

(120,360

)

(360

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,347

)

118,775

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of both of the directors throughout the year.