REGISTERED NUMBER: SC103340 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Silvermills Estates And Land Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Lonie

N A Lonie

J Lonie

C D Lonie

REGISTERED OFFICE:

11 Alva Street

Edinburgh

EH2 4PH

REGISTERED NUMBER:

SC103340 (Scotland)

ACCOUNTANTS:

LinklatersCA

8 Darnaway Street

Edinburgh

EH3 6BG

FIXED ASSETS

Tangible assets

4

399,118

458,610

Investments

5

1

1

Investment property

6

25,285,000

25,524,088

25,684,119

25,982,699

CURRENT ASSETS

Debtors

7

429,096

820,096

Cash at bank

2,196,655

966,285

2,625,751

1,786,381

CREDITORS

Amounts falling due within one year

8

569,042

480,805

NET CURRENT ASSETS

2,056,709

1,305,576

TOTAL ASSETS LESS CURRENT LIABILITIES

27,740,828

27,288,275

PROVISIONS FOR LIABILITIES

2,662,787

2,640,393

NET ASSETS

25,078,041

24,647,882

CAPITAL AND RESERVES

Called up share capital

997,027

997,027

Fair value reserve

9

12,071,859

12,342,549

Retained earnings

12,009,155

11,308,306

SHAREHOLDERS' FUNDS

25,078,041

24,647,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2026 and were signed on its behalf by:

J D Lonie - Director

1.	STATUTORY INFORMATION

Silvermills Estates And Land 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.

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.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

709,387

362,384

23,083

1,094,854

Additions

-

837

1,068

1,905

At 30 April 2025

709,387

363,221

24,151

1,096,759

DEPRECIATION

At 1 May 2024

275,297

337,864

23,083

636,244

Charge for year

60,958

83

356

61,397

At 30 April 2025

336,255

337,947

23,439

697,641

NET BOOK VALUE

At 30 April 2025

373,132

25,274

712

399,118

At 30 April 2024

434,090

24,520

-

458,610

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

1

NET BOOK VALUE

At 30 April 2025

1

At 30 April 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

25,524,088

Additions

149,528

Disposals

(155,175

)

Revaluations

(233,441

)

At 30 April 2025

25,285,000

NET BOOK VALUE

At 30 April 2025

25,285,000

At 30 April 2024

25,524,088

Fair value at 30 April 2025 is represented by:

£

Valuation in 2002

2,260,869

Valuation in 2003

2,208,360

Valuation in 2006

1,579,084

Valuation in 2012

(4,571,759

)

Valuation in 2017

5,090,000

Valuation in 2020

1,526,757

Valuation in 2022

(364,145

)

Valuation in 2023

7,139,217

Valuation in 2024

(233,441

)

Cost

10,650,058

25,285,000

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

2025

2024

£

£

Cost

10,650,058

10,655,705

Investment property was valued on a fair value basis on 30 April 2025 by the directors .

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

262,747

46,532

Other debtors

166,349

131,564

429,096

178,096

Amounts falling due after more than one year:

Other debtors

-

642,000

Aggregate amounts

429,096

820,096

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

148,546

121,760

Taxation and social security

259,970

245,078

Other creditors

160,526

113,967

569,042

480,805

9.

RESERVES

Fair

value

reserve

£

At 1 May 2024

12,342,549

Revaluation in year

(233,441

)

Movement in deferred tax

(37,249

)

At 30 April 2025

12,071,859