Silverfin false false 31/03/2025 01/04/2024 31/03/2025 C Keohone 05/08/2019 L Penman 05/08/2019 J Webster 05/08/2019 R Webster 28/03/2000 09 December 2025 The principal activity of the Company during the financial year was investment in property with a view to obtaining rental income. SC097955 2025-03-31 SC097955 bus:Director1 2025-03-31 SC097955 bus:Director2 2025-03-31 SC097955 bus:Director3 2025-03-31 SC097955 bus:Director4 2025-03-31 SC097955 2024-03-31 SC097955 core:CurrentFinancialInstruments 2025-03-31 SC097955 core:CurrentFinancialInstruments 2024-03-31 SC097955 core:ShareCapital 2025-03-31 SC097955 core:ShareCapital 2024-03-31 SC097955 core:RevaluationReserve 2025-03-31 SC097955 core:RevaluationReserve 2024-03-31 SC097955 core:CapitalRedemptionReserve 2025-03-31 SC097955 core:CapitalRedemptionReserve 2024-03-31 SC097955 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC097955 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC097955 bus:OrdinaryShareClass1 2025-03-31 SC097955 2024-04-01 2025-03-31 SC097955 bus:FilletedAccounts 2024-04-01 2025-03-31 SC097955 bus:SmallEntities 2024-04-01 2025-03-31 SC097955 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC097955 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC097955 bus:Director1 2024-04-01 2025-03-31 SC097955 bus:Director2 2024-04-01 2025-03-31 SC097955 bus:Director3 2024-04-01 2025-03-31 SC097955 bus:Director4 2024-04-01 2025-03-31 SC097955 2023-04-01 2024-03-31 SC097955 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC097955 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC097955 (Scotland)

# LENORA INVESTMENTS LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

LENORA INVESTMENTS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

LENORA INVESTMENTS LIMITED

## BALANCE SHEET

AS AT 31 MARCH 2025
LENORA INVESTMENTS LIMITED

## BALANCE SHEET (continued)

AS AT 31 MARCH 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 400,000 |  | 400,000
|  | 400,000 |  | 400,000
Current assets |  |  |  |
Debtors | 4 | 3,380 |  | 2,426
Cash at bank and in hand |  | 86,963 |  | 69,850
|  | 90,343 |  | 72,276
Creditors: amounts falling due within one year | 5 | ( 16,128) |  | ( 9,169)
Net current assets |  | 74,215 |  | 63,107
Total assets less current liabilities |  | 474,215 |  | 463,107
Net assets |  | 474,215 |  | 463,107
Capital and reserves |  |  |  |
Called-up share capital | 6 | 1 |  | 1
Revaluation reserve |  | 152,266 |  | 152,266
Capital redemption reserve |  | 1 |  | 1
Profit and loss account |  | 321,947 |  | 310,839
Total shareholder's funds |  | 474,215 |  | 463,107

For the financial year ending 31 March 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 Lenora Investments Limited (registered number: SC097955) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

C Keohone Director |

LENORA INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
LENORA INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 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

Lenora 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 receivable for rent.

##### 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.

##### 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:

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.

##### 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.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### 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.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### 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, 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
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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 400,000
As at 31 March 2025 | 400,000

Valuation

The fair value of investment properties has been arrived at on the basis of a valuation carried out at 31 March 2025 by the directors of the company. The valuation was made on an open market value basis.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 3,380 |  | 2,426

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

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 6,862 |  | 3,585
Other creditors | 9,266 |  | 5,584
| 16,128 |  | 9,169

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
3 Ordinary shares of £ 0.3333 each | 1.00 |  | 1.00

#### 7. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to key management personnel | 4,144 |  | 3,094