Silverfin false false 28/02/2025 01/03/2024 28/02/2025 S Di Ciacca Tana 23/06/2014 C M Di Ciacca 18/10/1995 S M Di Ciacca 01/10/2009 29 October 2025 The principal activity of the company continued to be that of property letting. SC161097 2025-02-28 SC161097 bus:Director1 2025-02-28 SC161097 bus:Director2 2025-02-28 SC161097 bus:Director3 2025-02-28 SC161097 2024-02-29 SC161097 core:CurrentFinancialInstruments 2025-02-28 SC161097 core:CurrentFinancialInstruments 2024-02-29 SC161097 core:Non-currentFinancialInstruments 2025-02-28 SC161097 core:Non-currentFinancialInstruments 2024-02-29 SC161097 core:ShareCapital 2025-02-28 SC161097 core:ShareCapital 2024-02-29 SC161097 core:SharePremium 2025-02-28 SC161097 core:SharePremium 2024-02-29 SC161097 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC161097 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC161097 core:FurnitureFittings 2024-02-29 SC161097 core:FurnitureFittings 2025-02-28 SC161097 core:CostValuation 2024-02-29 SC161097 core:CostValuation 2025-02-28 SC161097 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-02-28 SC161097 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-02-29 SC161097 bus:OrdinaryShareClass1 2025-02-28 SC161097 2024-03-01 2025-02-28 SC161097 bus:FilletedAccounts 2024-03-01 2025-02-28 SC161097 bus:SmallEntities 2024-03-01 2025-02-28 SC161097 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC161097 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC161097 bus:Director1 2024-03-01 2025-02-28 SC161097 bus:Director2 2024-03-01 2025-02-28 SC161097 bus:Director3 2024-03-01 2025-02-28 SC161097 core:FurnitureFittings 2024-03-01 2025-02-28 SC161097 2023-03-01 2024-02-29 SC161097 core:Non-currentFinancialInstruments 2024-03-01 2025-02-28 SC161097 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 SC161097 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC161097 (Scotland)

# BLAIRSTON INVESTMENTS LIMITED

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

BLAIRSTON INVESTMENTS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

Contents

BLAIRSTON INVESTMENTS LIMITED

## BALANCE SHEET

AS AT 28 FEBRUARY 2025
BLAIRSTON INVESTMENTS LIMITED

## BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,962 |  | 3,949
Investment property | 4 | 3,196,718 |  | 3,551,909
Investments | 5 | 19,305 |  | 19,305
|  | 3,218,985 |  | 3,575,163
Current assets |  |  |  |
Debtors | 6 | 33,723 |  | 18,743
Cash at bank and in hand |  | 27,962 |  | 32,746
|  | 61,685 |  | 51,489
Creditors: amounts falling due within one year | 7 | ( 1,389,460) |  | ( 1,411,444)
Net current liabilities |  | (1,327,775) |  | (1,359,955)
Total assets less current liabilities |  | 1,891,210 |  | 2,215,208
Creditors: amounts falling due after more than one year | 8 | ( 1,111,858) |  | ( 1,176,058)
Net assets |  | 779,352 |  | 1,039,150
Capital and reserves |  |  |  |
Called-up share capital | 9 | 120 |  | 120
Share premium account |  | 1,980 |  | 1,980
Profit and loss account |  | 777,252 |  | 1,037,050
Total shareholder's funds |  | 779,352 |  | 1,039,150

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 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 Profit and Loss Account has not been delivered.

The financial statements of Blairston Investments Limited (registered number: SC161097) were approved and authorised for issue by the Board of Directors on 29 October 2025. They were signed on its behalf by:

C M Di Ciacca Director |

BLAIRSTON INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
BLAIRSTON INVESTMENTS 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

Blairston Investments 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 Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 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

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.

##### 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.

##### 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 or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 25 % reducing balance

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.
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.

##### 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 Profit and Loss Account 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.

##### 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 as described below.

##### 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.

##### 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.

##### 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.

##### 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 assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest 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 | 3 |  | 3

#### 3. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 March 2024 | 11,977 |  | 11,977
At 28 February 2025 | 11,977 |  | 11,977
Accumulated depreciation |  |  |
At 01 March 2024 | 8,028 |  | 8,028
Charge for the financial year | 987 |  | 987
At 28 February 2025 | 9,015 |  | 9,015
Net book value |  |  |
At 28 February 2025 | 2,962 |  | 2,962
At 29 February 2024 | 3,949 |  | 3,949

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 March 2024 | 3,551,909
Fair value movement | (355,191)
As at 28 February 2025 | 3,196,718

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 3,551,909 |  | 3,852,439

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 March 2024 | 19,305 |  | 19,305
At 28 February 2025 | 19,305 |  | 19,305
Carrying value at 28 February 2025 | 19,305 |  | 19,305
Carrying value at 29 February 2024 | 19,305 |  | 19,305

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 22,135 |  | 6,616
Other debtors | 11,588 |  | 12,127
| 33,723 |  | 18,743

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 60,000 |  | 55,800
Trade creditors | 1,465 |  | 1,659
Amounts owed to related parties | 1,220,096 |  | 824,469
Other taxation and social security | 18,802 |  | 14,965
Other creditors | 89,097 |  | 514,551
| 1,389,460 |  | 1,411,444

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,111,858 |  | 1,176,058

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
120 Ordinary shares of £ 1.00 each | 120 |  | 120

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to Key Management Personnel | 0 |  | 417,150

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed by related parties | 10,000 |  | 10,000
Amounts owed to related parties | 1,220,096 |  | 824,339

#### 11. Ultimate controlling party

Parent Company:

Blairston Enterprises Ltd
C/O Johnston Carmichael, 227 West George Street, Glasgow, Scotland, G2 2ND