REGISTERED NUMBER: SC727869 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

FERRYHILL PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C T Gilchrist

Ms E K Gilchrist

Ms E M Gilchrist

REGISTERED OFFICE:

Suite 4.5, Turnberry House

175 West George Street

Glasgow

G2 2LB

REGISTERED NUMBER:

SC727869 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Tangible assets

4

1,146

-

Investments

5

94,332

-

Investment property

6

481,040

481,040

576,518

481,040

CURRENT ASSETS

Debtors

389

99

Cash at bank

51,682

129,198

52,071

129,297

CREDITORS

Amounts falling due within one year

123,728

106,320

NET CURRENT (LIABILITIES)/ASSETS

(71,657

)

22,977

TOTAL ASSETS LESS CURRENT LIABILITIES

504,861

504,017

PROVISIONS FOR LIABILITIES

286

-

NET ASSETS

504,575

504,017

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

504,476

503,918

504,575

504,017

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 December 2025 and were signed on its behalf by:

C T Gilchrist - Director

Ms E K Gilchrist - Director

Ms E M Gilchrist - Director

1.	STATUTORY INFORMATION

Ferryhill Properties 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.

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.

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Properties

The company's properties are held for long term investment and in accordance with FRS 102 Section 16.

i) Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit & loss as a non-distributable reserve; and

ii) No depreciation or amortisation is provided in respect of investment properties.

Included in the Retained Earnings is a non-distributable reserve of £478,372.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,710

At 31 March 2025

1,710

DEPRECIATION

Charge for year

564

At 31 March 2025

564

NET BOOK VALUE

At 31 March 2025

1,146

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

Additions

97,000

Revaluations

(2,668

)

At 31 March 2025

94,332

NET BOOK VALUE

At 31 March 2025

94,332

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2025

94,332

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

481,040

NET BOOK VALUE

At 31 March 2025

481,040

At 31 March 2024

481,040

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

481,040

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

481,040

481,040

Investment property was valued on an open market basis on 31 March 2024 by Coppy Wright and Partners .