REGISTERED NUMBER: SC151099 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SANDYHILLS DEVELOPMENTS (BANFF) LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr G D Wilson

Mrs A L Wilson

SECRETARY:

Mrs A L Wilson

REGISTERED OFFICE:

Turtory

Bridge of Marnoch

Huntly

Aberdeenshire

AB54 7UJ

REGISTERED NUMBER:

SC151099 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

51-53 High Street

Turriff

AB53 4EJ

FIXED ASSETS

Tangible assets

4

644,895

746,335

Investments

5

500

500

645,395

746,835

CURRENT ASSETS

Debtors

6

658,817

1,222,682

Cash at bank

4,313,435

3,206,598

4,972,252

4,429,280

CREDITORS

Amounts falling due within one year

7

611,302

512,497

NET CURRENT ASSETS

4,360,950

3,916,783

TOTAL ASSETS LESS CURRENT LIABILITIES

5,006,345

4,663,618

PROVISIONS FOR LIABILITIES

148,697

171,307

NET ASSETS

4,857,648

4,492,311

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

8

4,856,648

4,491,311

SHAREHOLDERS' FUNDS

4,857,648

4,492,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 14 January 2026 and were signed on its behalf by:

Mr G D Wilson - Director

Mrs A L Wilson - Director

1.	STATUTORY INFORMATION

Sandyhills Developments (Banff) 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.

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 etc

-

20% on reducing balance

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

1,465,118

DEPRECIATION

At 1 March 2024

718,783

Charge for year

101,440

At 28 February 2025

820,223

NET BOOK VALUE

At 28 February 2025

644,895

At 29 February 2024

746,335

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2024

and 28 February 2025

500

NET BOOK VALUE

At 28 February 2025

500

At 29 February 2024

500

Included in investments is a holding of 500 shares in Brooklea Developments which represents 50% of the issued share capital of that company. The net assets of that company per the accounts at 30 September 2024 were £2,504,078 (2023: £2,370,999).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

90,603

94,363

Ladysbridge Village Loan

430,000

950,000

GD Wilson Ltd loan

121,870

169,870

Prepayments and accrued income

16,344

8,449

658,817

1,222,682

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

56

1,066

Taxation

141,045

85,314

VAT

2,059

11,871

Directors' loan accounts

465,396

411,396

Accruals and deferred income

2,746

2,850

611,302

512,497

8.

RESERVES

Retained

earnings

£

At 1 March 2024

4,491,311

Profit for the year

419,337

Dividends

(54,000

)

At 28 February 2025

4,856,648

9.	DIRECTOR'S LOAN

The following advances and credits from directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

Mr G D Wilson and Mrs A L Wilson

Balance outstanding at start of year

411,396

303,365

Amounts advanced

54,000

108,031

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

465,396

411,396

The loan is interest free and there are no fixed terms of repayment.

10.	RELATED PARTY DISCLOSURES

The company has a loan to G D Wilson Limited. The balance due at the year ended amounted to £121,870 (2024: £169,870).

The directors of the company are also directors and controlling shareholders of G D Wilson Limited.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G D Wilson.

The ultimate controlling party is Mrs A L Wilson.

The company is controlled by the directors and and their children who own 100% of the company's issued share capital.