Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Mr S Mccann 14/07/2014 17 February 2026 The principal activity of the Company during the financial year continued to be that of property development. SC482125 2024-08-31 SC482125 bus:Director1 2024-08-31 SC482125 core:CurrentFinancialInstruments 2024-08-31 SC482125 core:CurrentFinancialInstruments 2023-08-31 SC482125 2023-08-31 SC482125 core:ShareCapital 2024-08-31 SC482125 core:ShareCapital 2023-08-31 SC482125 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC482125 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC482125 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-08-31 SC482125 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-08-31 SC482125 bus:OrdinaryShareClass1 2024-08-31 SC482125 2023-09-01 2024-08-31 SC482125 bus:FilletedAccounts 2023-09-01 2024-08-31 SC482125 bus:SmallEntities 2023-09-01 2024-08-31 SC482125 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC482125 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC482125 bus:Director1 2023-09-01 2024-08-31 SC482125 2022-09-01 2023-08-31 SC482125 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 SC482125 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC482125 (Scotland)

# SOPARR LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

SOPARR LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

SOPARR LIMITED

## BALANCE SHEET

AS AT 31 AUGUST 2024
SOPARR LIMITED

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 8,562,702 |  | 7,561,280
Cash at bank and in hand |  | 3,056 |  | 8,031
|  | 8,565,758 |  | 7,569,311
Creditors: amounts falling due within one year | 4 | ( 8,848,414) |  | ( 7,848,590)
Net current liabilities |  | (282,656) |  | (279,279)
Total assets less current liabilities |  | (282,656) |  | (279,279)
Net liabilities |  | ( 282,656) |  | ( 279,279)
Capital and reserves |  |  |  |
Called-up share capital | 5 | 100 |  | 100
Profit and loss account |  | ( 282,756 ) |  | ( 279,379 )
Total shareholder's deficit |  | ( 282,656) |  | ( 279,279)

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Soparr Limited (registered number: SC482125) were approved and authorised for issue by the Director on 17 February 2026. They were signed on its behalf by:

Mr S Mccann Director |

SOPARR LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
SOPARR LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

##### 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

Soparr 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 C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items 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

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £282,656. The Company is supported through loans from the Connected Companies. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met 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.

##### 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities including creditors, loans from fellow group companies are recognised at transaction price

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Debtors

| 2024 |  | 2023
| £ |  | £
Amounts owed by related parties | 8,154,967 |  | 7,138,545
Corporation tax | 93,329 |  | 93,329
Other debtors | 314,406 |  | 329,406
| 8,562,702 |  | 7,561,280

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

| 2024 |  | 2023
| £ |  | £
Amounts owed to related parties | 8,841,824 |  | 7,845,000
Other creditors | 6,590 |  | 3,590
| 8,848,414 |  | 7,848,590

#### 5. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

| 2024 |  | 2023
| £ |  | £
Amounts due to related parties | 8,841,824 |  | 7,845,000
Amounts due from related parties | 8,154,967 |  | 7,138,545

Transactions with the entity's director

| 2024 |  | 2023
| £ |  | £
Amount owed by director | 314,406 |  | 314,406