REGISTERED NUMBER: SC083764 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Tyme Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss G Lace-Williamson

Mr F J M Williamson

REGISTERED OFFICE:

Westburn Business Centre

McNee Road

Prestwick

KA9 2PB

REGISTERED NUMBER:

SC083764 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

Westburn Business Centre

McNee Road

Prestwick

KA9 2PB

FIXED ASSETS

Tangible assets

4

26

32

Investment property

5

115,000

191,940

115,026

191,972

CURRENT ASSETS

Cash at bank

2,947

6,882

CREDITORS

Amounts falling due within one year

6

10,397

8,055

NET CURRENT LIABILITIES

(7,450

)

(1,173

)

TOTAL ASSETS LESS CURRENT LIABILITIES

107,576

190,799

PROVISIONS FOR LIABILITIES

11,256

8,550

NET ASSETS

96,320

182,249

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Capital redemption reserve

5,000

5,000

Non-distributable fair value

reserve

33,750

36,450

Retained earnings

52,570

135,799

SHAREHOLDERS' FUNDS

96,320

182,249

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 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Miss G Lace-Williamson - Director

1.	STATUTORY INFORMATION

Tyme Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

The directors considers the current and future level of trading on an ongoing basis to assess the resources required to meet commitments as they fall due. Taking account of these factors the directors are confident that the company has sufficient resources now and going forward to allow the company to continue in operation. On the basis of all these factors, the accounts have been prepared on a going concern basis.

Turnover/revenue recognition

Turnover comprise the fair value of rents received the ordinary course of the company's activities, net of value-added tax, rebates and discounts if relevant.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Impairment of fixed assets

At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed 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 amount of the impairment loss (if any). 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.

Investment property

Under FRS 102, investment properties are measured at their fair value at each reporting date, with changes in fair value recognised through the Profit & Loss Account. No amortisation or depreciation is provided in respect of these freehold investment properties.

The standard also requires the company to provide for deferred tax on the timing difference arising on the date of transition, which represents the full revaluation gain less indexed cost. Where the properties have been revalued a provision has therefore been created in full.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables

Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities

Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments

A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Cash and cash equivalents

Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

2,103

DEPRECIATION

At 1 April 2024

2,071

Charge for year

6

At 31 March 2025

2,077

NET BOOK VALUE

At 31 March 2025

26

At 31 March 2024

32

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

191,940

Impairments

(76,940

)

At 31 March 2025

115,000

NET BOOK VALUE

At 31 March 2025

115,000

At 31 March 2024

191,940

The fair value of investment property has been determined from market based evidence and in conjunction with valuations provided from professional qualified valuers.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

45,000

Valuation in 2025

(76,940

)

Cost

146,940

115,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

146,940

146,940

Investment property was valued on an open market basis on 31 March 2025 by Shepherd Chartered Surveyors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,857

724

Other creditors

8,540

7,331

10,397

8,055

7.	RELATED PARTY DISCLOSURES

Included within other creditors is an amounted owed by the company to another company under the control of the director. This amounted to £898 (2024: £898).This creditor is unsecured, interest free and has no fixed repayment terms.

As at 31 March 2025 the company owed £449 (2024: £740) to the director's. This loan is interest free,

unsecured and has no fixed repayment terms.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the executor for Mrs V Lace-Williamson.