Company registration number SC213685 (Scotland)
CORDINERS SECURITIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
CORDINERS SECURITIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CORDINERS SECURITIES LIMITED
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
210,000
774,926
Current assets
Debtors
4
174,715
810,734
Cash at bank and in hand
293,375
72,012
468,090
882,746
Creditors: amounts falling due within one year
5
(22,493)
(19,009)
Net current assets
445,597
863,737
Net assets
655,597
1,638,663
Capital and reserves
Called up share capital
6
1,001
1,001
Share premium account
-
0
1,880,803
Revaluation reserve
-
0
150,975
Profit and loss reserves
654,596
(394,116)
Total equity
655,597
1,638,663

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 March 2026 and are signed on its behalf by:
S J A CORDINER
J R CORDINER
S J A Cordiner
J R Cordiner
Director
Director
Company registration number SC213685 (Scotland)
CORDINERS SECURITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Cordiners Securities Limited is a private company limited by shares incorporated in Scotland. The registered office is 50 Sinclair Road, Aberdeen, AB11 9PN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

CORDINERS SECURITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
Nil
Woodlands
Nil

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.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.8
Dividends

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CORDINERS SECURITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Freehold property
Woodlands
Total
£
£
£
Cost
At 1 July 2024
550,000
224,926
774,926
Disposals
-
0
(224,926)
(224,926)
Revaluation
(340,000)
-
0
(340,000)
At 30 June 2025
210,000
-
0
210,000
Depreciation and impairment
At 1 July 2024 and 30 June 2025
-
0
-
0
-
0
Carrying amount
At 30 June 2025
210,000
-
0
210,000
At 30 June 2024
550,000
224,926
774,926
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
113,082
37,074
Other debtors
57,598
773,455
Prepayments and accrued income
4,035
205
174,715
810,734
CORDINERS SECURITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,325
2,632
Accruals and deferred income
17,168
16,377
22,493
19,009
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,001
1,001
1,001
1,001

During the year, the company completed a capital reduction exercise following an approved resolution to cancel the company's share premium of £1,880,803.

7
Related party transactions

During the year, the company made advances to the directors of £236,800. The company received credits of £966,400, which resulted in amounts due to the company at the year end of £NIL (2024 - £729,600).

The company has taken advantage of the exemptions within FRS 102, Section 1AC.35 (Disclosure requirements for small entities).

8
Parent company

The company's ultimate parent undertaking and controlling party at the year end was Cordiners Investments Limited, a company incorporated in the United Kingdom.

2025-06-30 2024-07-01 false false false 18 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity S J A Cordiner J R Cordiner P M Carruthers J F Cordiner SC213685 2024-07-01 2025-06-30 SC213685 2025-06-30 SC213685 2024-06-30 SC213685 core:LandBuildings core:OwnedOrFreeholdAssets 2025-06-30 SC213685 core:Land 2025-06-30 SC213685 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 SC213685 core:LandBuildings 2024-06-30 SC213685 core:CurrentFinancialInstruments 2025-06-30 SC213685 core:CurrentFinancialInstruments 2024-06-30 SC213685 core:ShareCapital 2025-06-30 SC213685 core:ShareCapital 2024-06-30 SC213685 core:SharePremium 2025-06-30 SC213685 core:SharePremium 2024-06-30 SC213685 core:RevaluationReserve 2025-06-30 SC213685 core:RevaluationReserve 2024-06-30 SC213685 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC213685 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC213685 core:ShareCapitalOrdinaryShareClass1 2025-06-30 SC213685 core:ShareCapitalOrdinaryShareClass1 2024-06-30 SC213685 bus:Director1 2024-07-01 2025-06-30 SC213685 bus:Director2 2024-07-01 2025-06-30 SC213685 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 SC213685 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 SC213685 2023-07-01 2024-06-30 SC213685 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 SC213685 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-06-30 SC213685 2024-06-30 SC213685 core:Land core:LeasedAssetsHeldAsLessee 2025-06-30 SC213685 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 SC213685 bus:OrdinaryShareClass1 2025-06-30 SC213685 bus:OrdinaryShareClass1 2024-06-30 SC213685 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC213685 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC213685 bus:FRS102 2024-07-01 2025-06-30 SC213685 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC213685 bus:Director3 2024-07-01 2025-06-30 SC213685 bus:Director4 2024-07-01 2025-06-30 SC213685 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP