Silverfin false false 31/05/2025 01/06/2024 31/05/2025 Richard George Harper 17/08/2001 James Johnston 17/08/2001 Lewis Kermack 17/08/2001 Graham James Mcfarlane 17/08/2001 John David Milne 06/02/2012 John Kenneth Titterington 17/08/2001 Margaret Caroline Titterington 17/08/2001 Iain Stuart Wallace 17/08/2001 07 January 2026 The principal activity of the Company during the financial year was that of property development. SC219081 2025-05-31 SC219081 bus:Director1 2025-05-31 SC219081 bus:Director2 2025-05-31 SC219081 bus:Director3 2025-05-31 SC219081 bus:Director4 2025-05-31 SC219081 bus:Director5 2025-05-31 SC219081 bus:Director6 2025-05-31 SC219081 bus:Director7 2025-05-31 SC219081 bus:Director8 2025-05-31 SC219081 core:CurrentFinancialInstruments 2025-05-31 SC219081 core:CurrentFinancialInstruments 2024-05-31 SC219081 2024-05-31 SC219081 core:ShareCapital 2025-05-31 SC219081 core:ShareCapital 2024-05-31 SC219081 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC219081 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC219081 bus:OrdinaryShareClass1 2025-05-31 SC219081 2024-06-01 2025-05-31 SC219081 bus:FilletedAccounts 2024-06-01 2025-05-31 SC219081 bus:SmallEntities 2024-06-01 2025-05-31 SC219081 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 SC219081 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC219081 bus:Director1 2024-06-01 2025-05-31 SC219081 bus:Director2 2024-06-01 2025-05-31 SC219081 bus:Director3 2024-06-01 2025-05-31 SC219081 bus:Director4 2024-06-01 2025-05-31 SC219081 bus:Director5 2024-06-01 2025-05-31 SC219081 bus:Director6 2024-06-01 2025-05-31 SC219081 bus:Director7 2024-06-01 2025-05-31 SC219081 bus:Director8 2024-06-01 2025-05-31 SC219081 2023-06-01 2024-05-31 SC219081 core:CurrentFinancialInstruments 2024-06-01 2025-05-31 SC219081 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 SC219081 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC219081 (Scotland)

# WESTER RESTENNETH COMPANY LIMITED

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

WESTER RESTENNETH COMPANY LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

Contents

WESTER RESTENNETH COMPANY LIMITED

## BALANCE SHEET

AS AT 31 MAY 2025
WESTER RESTENNETH COMPANY LIMITED

## BALANCE SHEET (continued)

AS AT 31 MAY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 354,096 |  | 345,906
Cash at bank and in hand |  | 5,075 |  | 1,353
|  | 359,171 |  | 347,259
Creditors: amounts falling due within one year | 4 | ( 28,056) |  | ( 19,498)
Net current assets |  | 331,115 |  | 327,761
Total assets less current liabilities |  | 331,115 |  | 327,761
Net assets |  | 331,115 |  | 327,761
Capital and reserves |  |  |  |
Called-up share capital | 5 | 900 |  | 900
Profit and loss account |  | 330,215 |  | 326,861
Total shareholders' funds |  | 331,115 |  | 327,761

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have 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 Wester Restenneth Company Limited (registered number: SC219081) were approved and authorised for issue by the Board of Directors on 07 January 2026. They were signed on its behalf by:

Graham James Mcfarlane Director |

WESTER RESTENNETH COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
WESTER RESTENNETH COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 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

Wester Restenneth Company 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 1 Rathmell Gardens, Gowanbank, Forfar, DD8 2US, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention 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 represents amounts receivable for the sale of serviced plots net of VAT and trade discounts.
Revenue is recognised when the company transfers title of the developed plots of land.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

##### 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.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 8 |  | 8

Done

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Corporation tax | 75,834 |  | 73,767
Other debtors | 278,262 |  | 272,139
| 354,096 |  | 345,906

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

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 2,853 |  | 3,296
Other creditors | 25,203 |  | 16,202
| 28,056 |  | 19,498

There are no amounts included above in respect of which any security has been given by the small entity.

#### 5. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
900 Ordinary shares of £ 1.00 each | 900 |  | 900

#### 6. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
Directors Loan Account | (15,808) |  | (12,000)

During the period the directors made advances to the company totalling £3,808. At 31 May 2025 the company owed the directors £15,805. The loan is interest free, unsecured and has no fixed repayment terms.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Entities with control, joint control or significant influence over the company | 278,262 |  | 272,139

During the year advances of £6,123 were made. There was no fixed repayment date and the annual loan balance is charged with 2.25% interest.