Silverfin false false 30/06/2025 01/07/2024 30/06/2025 Duncan Bruce Wallace 22/12/1993 Mary Ann Wallace 22/12/1993 06 February 2026 The principal activity of the Company during the financial year was the letting of property. SC148166 2025-06-30 SC148166 bus:Director1 2025-06-30 SC148166 bus:Director2 2025-06-30 SC148166 2024-06-30 SC148166 core:CurrentFinancialInstruments 2025-06-30 SC148166 core:CurrentFinancialInstruments 2024-06-30 SC148166 core:ShareCapital 2025-06-30 SC148166 core:ShareCapital 2024-06-30 SC148166 core:RevaluationReserve 2025-06-30 SC148166 core:RevaluationReserve 2024-06-30 SC148166 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC148166 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC148166 core:OtherPropertyPlantEquipment 2024-06-30 SC148166 core:OtherPropertyPlantEquipment 2025-06-30 SC148166 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-06-30 SC148166 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-06-30 SC148166 bus:OrdinaryShareClass1 2025-06-30 SC148166 2024-07-01 2025-06-30 SC148166 bus:FilletedAccounts 2024-07-01 2025-06-30 SC148166 bus:SmallEntities 2024-07-01 2025-06-30 SC148166 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC148166 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC148166 bus:Director1 2024-07-01 2025-06-30 SC148166 bus:Director2 2024-07-01 2025-06-30 SC148166 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 SC148166 2023-07-01 2024-06-30 SC148166 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 SC148166 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC148166 (Scotland)

# FAIRMOUNT TRADING COMPANY LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH THE REGISTRAR

FAIRMOUNT TRADING COMPANY LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

Contents

FAIRMOUNT TRADING COMPANY LIMITED

## BALANCE SHEET

AS AT 30 JUNE 2025
FAIRMOUNT TRADING COMPANY LIMITED

## BALANCE SHEET (continued)

AS AT 30 JUNE 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 0 |  | 9,987
Investment property | 4 | 0 |  | 1,050,000
|  | 0 |  | 1,059,987
Current assets |  |  |  |
Debtors | 5 | 44,000 |  | 546,446
Cash at bank and in hand | 6 | 0 |  | 757,008
|  | 44,000 |  | 1,303,454
Creditors: amounts falling due within one year | 7 | 0 |  | ( 79,488)
Net current assets |  | 44,000 |  | 1,223,966
Total assets less current liabilities |  | 44,000 |  | 2,283,953
Provision for liabilities | 8 | 0 |  | ( 105,238)
Net assets |  | 44,000 |  | 2,178,715
Capital and reserves |  |  |  |
Called-up share capital | 9 | 44,000 |  | 44,000
Revaluation reserve |  | 0 |  | 662,819
Profit and loss account |  | 0 |  | 1,471,896
Total shareholders' funds |  | 44,000 |  | 2,178,715

For the financial year ending 30 June 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 Fairmount Trading Company Limited (registered number: SC148166) were approved and authorised for issue by the Board of Directors on 06 February 2026. They were signed on its behalf by:

Duncan Bruce Wallace Director |

FAIRMOUNT TRADING COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
FAIRMOUNT TRADING COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 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

Fairmount Trading 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 Bute House, Arran Road, North Muirton Industrial Estate, Perth, PH1 3DZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, 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

In 2025 the directors made the decision that the assets and liabilities would be sold to a group company. The transfer was finalised on 03 July 2025, as a result the financial statements have been prepared on a basis other than the going concern basis of preparation.

##### Turnover

Turnover represents amounts receivable for the letting of property net of VAT.
Rental income is recognised on a straight line basis over the term of the lease.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

##### 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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible 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 extent of the impairment loss (if any).

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

##### 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 and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

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.

##### Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 14,089 |  | 14,089
Disposals | ( 14,089) |  | ( 14,089)
At 30 June 2025 | 0 |  | 0
Accumulated depreciation |  |  |
At 01 July 2024 | 4,102 |  | 4,102
Charge for the financial year | 2,497 |  | 2,497
Disposals | ( 6,599) |  | ( 6,599)
At 30 June 2025 | 0 |  | 0
Net book value |  |  |
At 30 June 2025 | 0 |  | 0
At 30 June 2024 | 9,987 |  | 9,987

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 1,050,000
Fair value movement | 400,000
Disposals | (1,450,000)
As at 30 June 2025 | 0

Valuation

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 7 February 2025 by Smart & Co Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The assets and liabilities were transferred as part of a sale to a fellow group company in the year therefore the closing balance is nil.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 805
Amounts owed by related parties | 44,000 |  | 545,000
Other debtors | 0 |  | 641
| 44,000 |  | 546,446

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 0 |  | 757,008

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 4,412
Taxation and social security | 0 |  | 53,502
Other creditors | 0 |  | 21,574
| 0 |  | 79,488

#### 8. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 0 |  | 105,238

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
44,000 Ordinary shares of £ 1.00 each | 44,000 |  | 44,000