Silverfin false false 30/06/2025 01/07/2024 30/06/2025 Mrs K Middleton 26/02/2019 Mr K Middleton 26/02/2019 12 March 2026 The principal activity of the Company during the financial year continued to be that of buying, selling and letting of owned real estate. SC622517 2025-06-30 SC622517 bus:Director1 2025-06-30 SC622517 bus:Director2 2025-06-30 SC622517 2024-06-30 SC622517 core:CurrentFinancialInstruments 2025-06-30 SC622517 core:CurrentFinancialInstruments 2024-06-30 SC622517 core:Non-currentFinancialInstruments 2025-06-30 SC622517 core:Non-currentFinancialInstruments 2024-06-30 SC622517 core:ShareCapital 2025-06-30 SC622517 core:ShareCapital 2024-06-30 SC622517 core:RevaluationReserve 2025-06-30 SC622517 core:RevaluationReserve 2024-06-30 SC622517 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC622517 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC622517 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-06-30 SC622517 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-06-30 SC622517 core:MoreThanFiveYears 2025-06-30 SC622517 core:MoreThanFiveYears 2024-06-30 SC622517 2023-06-30 SC622517 bus:OrdinaryShareClass1 2025-06-30 SC622517 2024-07-01 2025-06-30 SC622517 bus:FilletedAccounts 2024-07-01 2025-06-30 SC622517 bus:SmallEntities 2024-07-01 2025-06-30 SC622517 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC622517 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC622517 bus:Director1 2024-07-01 2025-06-30 SC622517 bus:Director2 2024-07-01 2025-06-30 SC622517 2023-07-01 2024-06-30 SC622517 core:Non-currentFinancialInstruments 2024-07-01 2025-06-30 SC622517 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 SC622517 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC622517 (Scotland)

# BINNIE PROPERTIES UK LTD

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

BINNIE PROPERTIES UK LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

Contents

BINNIE PROPERTIES UK LTD

## BALANCE SHEET

AS AT 30 JUNE 2025
BINNIE PROPERTIES UK LTD

## BALANCE SHEET (continued)

AS AT 30 JUNE 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 455,000 |  | 455,000
|  | 455,000 |  | 455,000
Current assets |  |  |  |
Cash at bank and in hand |  | 5,403 |  | 12,222
|  | 5,403 |  | 12,222
Creditors: amounts falling due within one year | 4 | ( 119,117) |  | ( 115,870)
Net current liabilities |  | (113,714) |  | (103,648)
Total assets less current liabilities |  | 341,286 |  | 351,352
Creditors: amounts falling due after more than one year | 5 | ( 142,712) |  | ( 156,591)
Provision for liabilities | 6, 7 | ( 29,367) |  | ( 29,367)
Net assets |  | 169,207 |  | 165,394
Capital and reserves |  |  |  |
Called-up share capital | 8 | 2 |  | 2
Revaluation reserve |  | 88,102 |  | 88,102
Profit and loss account |  | 81,103 |  | 77,290
Total shareholders' funds |  | 169,207 |  | 165,394

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 Binnie Properties UK Ltd (registered number: SC622517) were approved and authorised for issue by the Board of Directors on 12 March 2026. They were signed on its behalf by:

Mr K Middleton Director |

BINNIE PROPERTIES UK LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
BINNIE PROPERTIES UK LTD

## 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

Binnie Properties UK Ltd (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 272 Bath Street, Glasgow, G2 4JR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified 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

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have confirmed that the related party will not seek repayment of the loan to the detriment of the company's ability to trade. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

##### Turnover

Turnover represents amounts receivable for property rental. Turnover is recognised at point of invoice.

##### 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.

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

##### 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 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.

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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 455,000
As at 30 June 2025 | 455,000

Investment property comprises of one commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 30 June 2025 by the directors. The valuation was made on an open market basis by reference to market evidence of the transaction prices for similar properties.

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

| 2025 |  | 2024
| £ |  | £
Amounts owed to related parties | 100,000 |  | 100,000
Taxation and social security | 1,083 |  | 2,822
Other creditors | 18,034 |  | 13,048
| 119,117 |  | 115,870

The balance included in other creditors is secured by a floating charge over the property owned by the company.

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

| 2025 |  | 2024
| £ |  | £
Other creditors | 142,712 |  | 156,591

The balance included in other creditors is secured by a floating charge over the property owned by the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Other creditors (repayable by instalments) | 81,749 |  | 101,111

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 29,367 |  | 29,367

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 29,367) |  | 0
Charged to the Profit and Loss Account | 0 |  | ( 29,367)
At the end of financial year | ( 29,367) |  | ( 29,367)

#### 8. Called-up share capital

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

#### 9. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed to related party | 100,000 |  | 100,000

The above loan is unsecured, interest free and has no fixed terms of repayment.