IRIS Accounts Production v26.1.0.640 SC181201 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC181201 2024-03-31 SC181201 2025-03-31 SC181201 2024-04-01 2025-03-31 SC181201 2023-03-31 SC181201 2023-04-01 2024-03-31 SC181201 2024-03-31 SC181201 ns15:Scotland 2024-04-01 2025-03-31 SC181201 ns14:PoundSterling 2024-04-01 2025-03-31 SC181201 ns10:Director1 2024-04-01 2025-03-31 SC181201 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC181201 ns10:SmallEntities 2024-04-01 2025-03-31 SC181201 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC181201 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC181201 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC181201 ns10:FullAccounts 2024-04-01 2025-03-31 SC181201 ns10:Director2 2024-04-01 2025-03-31 SC181201 ns10:Director3 2024-04-01 2025-03-31 SC181201 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC181201 ns5:CurrentFinancialInstruments 2025-03-31 SC181201 ns5:CurrentFinancialInstruments 2024-03-31 SC181201 ns5:ShareCapital 2025-03-31 SC181201 ns5:ShareCapital 2024-03-31 SC181201 ns5:CapitalRedemptionReserve 2025-03-31 SC181201 ns5:CapitalRedemptionReserve 2024-03-31 SC181201 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 SC181201 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 SC181201 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC181201 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC181201 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 SC181201 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 SC181201 ns5:PlantMachinery 2024-04-01 2025-03-31 SC181201 ns5:FurnitureFittings 2024-04-01 2025-03-31 SC181201 ns5:MotorVehicles 2024-04-01 2025-03-31 SC181201 ns5:LandBuildings 2024-03-31 SC181201 ns5:LeaseholdImprovements 2024-03-31 SC181201 ns5:PlantMachinery 2024-03-31 SC181201 ns5:LandBuildings 2024-04-01 2025-03-31 SC181201 ns5:LandBuildings 2025-03-31 SC181201 ns5:LeaseholdImprovements 2025-03-31 SC181201 ns5:PlantMachinery 2025-03-31 SC181201 ns5:LandBuildings 2024-03-31 SC181201 ns5:LeaseholdImprovements 2024-03-31 SC181201 ns5:PlantMachinery 2024-03-31 SC181201 ns5:FurnitureFittings 2024-03-31 SC181201 ns5:MotorVehicles 2024-03-31 SC181201 ns5:FurnitureFittings 2025-03-31 SC181201 ns5:MotorVehicles 2025-03-31 SC181201 ns5:FurnitureFittings 2024-03-31 SC181201 ns5:MotorVehicles 2024-03-31 SC181201 ns5:CostValuation 2024-03-31 SC181201 ns5:AdditionsToInvestments 2025-03-31 SC181201 ns5:DisposalsRepaymentsInvestments 2025-03-31 SC181201 ns5:CostValuation 2025-03-31 SC181201 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC181201 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: SC181201 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

North East Projects Ltd.

| North East Projects Ltd. (Registered number: SC181201) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| North East Projects Ltd. |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mr A Scott

| Mr G A Scott

| Mrs F Gray

| REGISTERED OFFICE: | Faraldon

| 8 Markethill Road

| Turriff

| Aberdeenshire

| AB53 4AZ

| REGISTERED NUMBER: | SC181201 (Scotland)

| ACCOUNTANTS: | SBP

| Accountants

| 27 Finlayson Street

| Fraserburgh

| Aberdeenshire

| AB43 9JQ

| North East Projects Ltd. (Registered number: SC181201) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 94,852 |  | 70,530 |  |

Investments | 5 | 763,574 |  | 700,588 |  |

858,426 |  | 771,118 |  |

CURRENT ASSETS

Stocks | 46,317 |  | 8,356 |  |

Debtors | 6 | 9,857 |  | 6,372 |  |

Investments | 7 | 2,710,183 |  | 2,418,722 |  |

Cash at bank and in hand | 86,239 |  | 152,876 |  |

2,852,596 |  | 2,586,326 |  |

CREDITORS

Amounts falling due within one year | 8 | 183,611 |  | 212,749 |  |

NET CURRENT ASSETS | 2,668,985 |  | 2,373,577 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,527,411 |  | 3,144,695 |  |

PROVISIONS FOR LIABILITIES | 79,158 |  | 23,706 |  |

NET ASSETS | 3,448,253 |  | 3,120,989 |  |

CAPITAL AND RESERVES

Called up share capital | 135,000 |  | 135,000 |  |

Capital redemption reserve | 15,000 |  | 15,000 |  |

Fair value reserve | 9 | 276,959 |  | - |  |

Retained earnings | 3,021,294 |  | 2,970,989 |  |

SHAREHOLDERS' FUNDS | 3,448,253 |  | 3,120,989 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| North East Projects Ltd. (Registered number: SC181201) |

Balance Sheet - continued

31 March 2025

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mr A Scott - Director

| North East Projects Ltd. (Registered number: SC181201) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| North East Projects Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Improvements to property | - | 10% on reducing balance

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| North East Projects Ltd. (Registered number: SC181201) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Fixed asset investments

| Fixed Assets Investments comprises the company's investment in the partnership of the Central Filling Station. The value of the investment in the Balance Sheet reflects the closing value of the capital account of the company within the financial statements of the partnership. The financial year end of the partnership is also 31 March and the profits attributable to the company from its partnership interest are reported in the company's profit & loss statement.

| Current asset investments

| Current Asset Investments are initially stated at original cost in the Balance Sheet and restated to market value on an annual basis with any gain or loss being reported through the Profit & Loss Account. The valuations are based on investment statements provided by the investment brokers and providers.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 122,849 |  | 13,068 |  | 131,377 |  |

| Additions | - |  | - |  | - |  |

| Disposals | - |  | - |  | (40,312 | ) |

| At 31 March 2025 | 122,849 |  | 13,068 |  | 91,065 |  |

| DEPRECIATION

| At 1 April 2024 | 64,087 |  | 12,162 |  | 120,625 |  |

| Charge for year | 2,457 |  | 90 |  | 2,099 |  |

| Eliminated on disposal | - |  | - |  | (40,058 | ) |

| At 31 March 2025 | 66,544 |  | 12,252 |  | 82,666 |  |

| NET BOOK VALUE

| At 31 March 2025 | 56,305 |  | 816 |  | 8,399 |  |

| At 31 March 2024 | 58,762 |  | 906 |  | 10,752 |  |

| North East Projects Ltd. (Registered number: SC181201) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 4,679 |  | - |  | 271,973 |  |

| Additions | - |  | 29,250 |  | 29,250 |  |

| Disposals | (1,981 | ) | - |  | (42,293 | ) |

| At 31 March 2025 | 2,698 |  | 29,250 |  | 258,930 |  |

| DEPRECIATION

| At 1 April 2024 | 4,569 |  | - |  | 201,443 |  |

| Charge for year | 21 |  | - |  | 4,667 |  |

| Eliminated on disposal | (1,974 | ) | - |  | (42,032 | ) |

| At 31 March 2025 | 2,616 |  | - |  | 164,078 |  |

| NET BOOK VALUE

| At 31 March 2025 | 82 |  | 29,250 |  | 94,852 |  |

| At 31 March 2024 | 110 |  | - |  | 70,530 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2024 | 700,588 |  |

| Additions | 198,184 |  |

| Disposals | (135,198 | ) |

| At 31 March 2025 | 763,574 |  |

| NET BOOK VALUE

| At 31 March 2025 | 763,574 |  |

| At 31 March 2024 | 700,588 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 1,982 |  | 2,396 |  |

| Other debtors | 7,875 |  | 3,976 |  |

9,857 |  | 6,372 |  |

7. | CURRENT ASSET INVESTMENTS

| 31.3.25 |  | 31.3.24

£ | £ |

| Other investments | 2,710,183 |  | 2,418,722 |  |

| North East Projects Ltd. (Registered number: SC181201) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 86,169 |  | 70,559 |  |

| Taxation and social security | 87,238 |  | 119,878 |  |

| Other creditors | 10,204 |  | 22,312 |  |

183,611 |  | 212,749 |  |

9. | RESERVES

| Fair

| value

| reserve

£ |

| Transfer | 276,959 |  |

| At 31 March 2025 | 276,959 |  |

10. | RELATED PARTY DISCLOSURES

| Directors Alastair Scott and Gordon Scott are materially interested as partners in the Central Filling Station partnership. During the year the company accounted for profits of £198,184 (2024 - £176,041) as its share of partnership profits from Central Filling Station. Included in fixed asset investments at 31 March 2025 is £803,574 (2024 - £700,588) in relation to the Central Filling Station partnership.

| As at 31 March 2025 there was a balance owing to Mr Scott by the company of £190 (2024 - £118). There are no fixed terms of repayment and no interest is accrued.

11. | ULTIMATE CONTROLLING PARTY

| The company is controlled by Mr Alastair Scott who owns 100% of the company's issued Ordinary 'A' share capital.