REGISTERED NUMBER: SC692084 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Owl at Number Two Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs P A Le Poidevin

REGISTERED OFFICE:

42 Queens Road

Aberdeen

AB15 4YE

REGISTERED NUMBER:

SC692084 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Intangible assets

4

3,120

-

Tangible assets

5

20,121

20,838

23,241

20,838

CURRENT ASSETS

Stocks

33,594

35,265

Debtors

6

3,061

1,802

Cash at bank and in hand

30,156

26,918

66,811

63,985

CREDITORS

Amounts falling due within one year

7

13,553

13,124

NET CURRENT ASSETS

53,258

50,861

TOTAL ASSETS LESS CURRENT LIABILITIES

76,499

71,699

PROVISIONS FOR LIABILITIES

705

629

NET ASSETS

75,794

71,070

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,694

70,970

75,794

71,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2025 and were signed by:

Mrs P A Le Poidevin - Director

1.	STATUTORY INFORMATION

The Owl at Number Two 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Developmen

costs

£

COST

Additions

3,900

At 31 March 2025

3,900

AMORTISATION

Amortisation for year

780

At 31 March 2025

780

NET BOOK VALUE

At 31 March 2025

3,120

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

25,235

7,002

2,244

34,481

Additions

1,500

1,232

538

3,270

At 31 March 2025

26,735

8,234

2,782

37,751

DEPRECIATION

At 1 April 2024

7,709

3,690

2,244

13,643

Charge for year

2,673

1,136

178

3,987

At 31 March 2025

10,382

4,826

2,422

17,630

NET BOOK VALUE

At 31 March 2025

16,353

3,408

360

20,121

At 31 March 2024

17,526

3,312

-

20,838

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

3,061

1,802

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

4,854

8,558

Taxation and social security

1,668

2,392

Other creditors

7,031

2,174

13,553

13,124

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs P A Le Poidevin

Balance outstanding at start of year

-

-

Amounts advanced

961

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

961

-

9.	RELATED PARTY DISCLOSURES

The company paid a total of £12,000 (2024 - £12,000) for rent during the year to the director's SIPP for the rental of the property at Mid Stocket Road, Aberdeen.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director.