Silverfin false false 30/11/2025 01/12/2024 30/11/2025 Sheila Norma Dandie 01/11/2005 05 March 2026 The principal activity of the Company during the financial year continued to be that of the letting of residential property. SC212599 2025-11-30 SC212599 bus:Director1 2025-11-30 SC212599 2024-11-30 SC212599 core:CurrentFinancialInstruments 2025-11-30 SC212599 core:CurrentFinancialInstruments 2024-11-30 SC212599 core:Non-currentFinancialInstruments 2025-11-30 SC212599 core:Non-currentFinancialInstruments 2024-11-30 SC212599 core:ShareCapital 2025-11-30 SC212599 core:ShareCapital 2024-11-30 SC212599 core:RevaluationReserve 2025-11-30 SC212599 core:RevaluationReserve 2024-11-30 SC212599 core:RetainedEarningsAccumulatedLosses 2025-11-30 SC212599 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC212599 2023-11-30 SC212599 bus:OrdinaryShareClass1 2025-11-30 SC212599 2024-12-01 2025-11-30 SC212599 bus:FilletedAccounts 2024-12-01 2025-11-30 SC212599 bus:SmallEntities 2024-12-01 2025-11-30 SC212599 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 SC212599 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC212599 bus:Director1 2024-12-01 2025-11-30 SC212599 2023-12-01 2024-11-30 SC212599 core:CurrentFinancialInstruments 2024-12-01 2025-11-30 SC212599 core:Non-currentFinancialInstruments 2024-12-01 2025-11-30 SC212599 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 SC212599 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC212599 (Scotland)

# ABACO LIMITED

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

ABACO LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025

Contents

ABACO LIMITED

## BALANCE SHEET

AS AT 30 NOVEMBER 2025
ABACO LIMITED

## BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 445,000 |  | 445,000
|  | 445,000 |  | 445,000
Current assets |  |  |  |
Cash at bank and in hand |  | 13,936 |  | 18,053
|  | 13,936 |  | 18,053
Creditors: amounts falling due within one year | 4 | ( 5,648) |  | ( 7,169)
Net current assets |  | 8,288 |  | 10,884
Total assets less current liabilities |  | 453,288 |  | 455,884
Creditors: amounts falling due after more than one year | 5 | 0 |  | ( 774)
Provision for liabilities | 6 | ( 32,157) |  | ( 24,785)
Net assets |  | 421,131 |  | 430,325
Capital and reserves |  |  |  |
Called-up share capital | 7 | 2 |  | 2
Revaluation reserve |  | 257,951 |  | 257,951
Profit and loss account |  | 163,178 |  | 172,372
Total shareholder's funds |  | 421,131 |  | 430,325

For the financial year ending 30 November 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of ABACO Limited (registered number: SC212599) were approved and authorised for issue by the Director on 05 March 2026. They were signed on its behalf by:

Sheila Norma Dandie Director |

ABACO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025
ABACO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 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

ABACO 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 Ballinshoe Smithy, Kirriemuir, Angus, DD8 5QF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 has 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 rent receivable from the letting of residential property. Turnover is recognised when the company has entitlement to the rental income.

##### 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.

##### 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:

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

##### 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 Statement of Income and Retained Earnings 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). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### 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 the director, on an open market value for existing use basis.

##### Cash and cash equivalents

Cash is 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 bank balances are measured at transactions price.

Basic financial liabilities
Basic financial liabilities, including 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.

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

Provisions are recognised when the Company has a present obligation (legal or constructive) 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. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 December 2024 | 445,000
As at 30 November 2025 | 445,000

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 800 |  | 1,626
Taxation and social security | 0 |  | 2,127
Other creditors | 4,848 |  | 3,416
| 5,648 |  | 7,169

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

#### 5. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 774

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

#### 6. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 24,785) |  | ( 24,785)
Charged to the Statement of Income and Retained Earnings | ( 7,372) |  | 0
At the end of financial year | ( 32,157) |  | ( 24,785)

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 A ordinary shares of £ 1.00 each | 2 |  | 2