Silverfin false false 30/11/2025 01/12/2024 30/11/2025 Susan Collie 16/05/2001 Calum Findlater 16/05/2001 28 April 2026 The principal activity of the company during the financial year was that of blacksmiths, agricultural engineers and contractors. SC219233 2025-11-30 SC219233 bus:Director1 2025-11-30 SC219233 bus:Director2 2025-11-30 SC219233 2024-11-30 SC219233 core:CurrentFinancialInstruments 2025-11-30 SC219233 core:CurrentFinancialInstruments 2024-11-30 SC219233 core:ShareCapital 2025-11-30 SC219233 core:ShareCapital 2024-11-30 SC219233 core:RevaluationReserve 2025-11-30 SC219233 core:RevaluationReserve 2024-11-30 SC219233 core:RetainedEarningsAccumulatedLosses 2025-11-30 SC219233 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC219233 core:LandBuildings 2024-11-30 SC219233 core:PlantMachinery 2024-11-30 SC219233 core:Vehicles 2024-11-30 SC219233 core:OfficeEquipment 2024-11-30 SC219233 core:LandBuildings 2025-11-30 SC219233 core:PlantMachinery 2025-11-30 SC219233 core:Vehicles 2025-11-30 SC219233 core:OfficeEquipment 2025-11-30 SC219233 bus:OrdinaryShareClass1 2025-11-30 SC219233 bus:OrdinaryShareClass2 2025-11-30 SC219233 bus:OrdinaryShareClass3 2025-11-30 SC219233 bus:OrdinaryShareClass4 2025-11-30 SC219233 2024-12-01 2025-11-30 SC219233 bus:FilletedAccounts 2024-12-01 2025-11-30 SC219233 bus:SmallEntities 2024-12-01 2025-11-30 SC219233 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 SC219233 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC219233 bus:Director1 2024-12-01 2025-11-30 SC219233 bus:Director2 2024-12-01 2025-11-30 SC219233 core:LandBuildings core:BottomRangeValue 2024-12-01 2025-11-30 SC219233 core:LandBuildings core:TopRangeValue 2024-12-01 2025-11-30 SC219233 core:PlantMachinery core:TopRangeValue 2024-12-01 2025-11-30 SC219233 core:Vehicles core:TopRangeValue 2024-12-01 2025-11-30 SC219233 core:OfficeEquipment core:TopRangeValue 2024-12-01 2025-11-30 SC219233 2023-12-01 2024-11-30 SC219233 core:LandBuildings 2024-12-01 2025-11-30 SC219233 core:PlantMachinery 2024-12-01 2025-11-30 SC219233 core:Vehicles 2024-12-01 2025-11-30 SC219233 core:OfficeEquipment 2024-12-01 2025-11-30 SC219233 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 SC219233 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 SC219233 bus:OrdinaryShareClass2 2024-12-01 2025-11-30 SC219233 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 SC219233 bus:OrdinaryShareClass3 2024-12-01 2025-11-30 SC219233 bus:OrdinaryShareClass3 2023-12-01 2024-11-30 SC219233 bus:OrdinaryShareClass4 2024-12-01 2025-11-30 SC219233 bus:OrdinaryShareClass4 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC219233 (Scotland)

# JOHN S. FINDLATER (SKENE) LIMITED

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

JOHN S. FINDLATER (SKENE) LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025

Contents

JOHN S. FINDLATER (SKENE) LIMITED

## BALANCE SHEET

AS AT 30 NOVEMBER 2025
JOHN S. FINDLATER (SKENE) LIMITED

## BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 63,368 |  | 66,454
|  | 63,368 |  | 66,454
Current assets |  |  |  |
Stocks |  | 1,000 |  | 5,488
Debtors | 4 | 12,469 |  | 9,622
Cash at bank and in hand |  | 40,184 |  | 57,541
|  | 53,653 |  | 72,651
Creditors: amounts falling due within one year | 5 | ( 12,729) |  | ( 12,041)
Net current assets |  | 40,924 |  | 60,610
Total assets less current liabilities |  | 104,292 |  | 127,064
Provision for liabilities | 6 | ( 6,653) |  | ( 10,367)
Net assets |  | 97,639 |  | 116,697
Capital and reserves |  |  |  |
Called-up share capital | 7 | 225 |  | 225
Revaluation reserve |  | 40,000 |  | 42,000
Profit and loss account |  | 57,414 |  | 74,472
Total shareholders' funds |  | 97,639 |  | 116,697

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.

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 John S. Findlater (Skene) Limited (registered number: SC219233) were approved and authorised for issue by the Board of Directors on 28 April 2026. They were signed on its behalf by:

Susan Collie Director |

JOHN S. FINDLATER (SKENE) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025
JOHN S. FINDLATER (SKENE) 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

John S. Findlater (Skene) 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 Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA, 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 directors have considered the future plans of the company, including the ongoing fulfilment of existing contracts and the realisation of certain assets. The timing and extent of these activities remain uncertain and no formal decision to cease trading has been made.
The company continues to trade and meet its liabilities as they fall due. Having considered the company’s financial position, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.
Accordingly, the financial statements have been prepared on a going concern basis.

##### Turnover

Turnover represents amounts receivable for blacksmith and agricultural engineering goods and contracting services net of VAT and trade discounts. Turnover is recognised with reference to the stage of completion at the year end.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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.

##### 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:

Land and buildings | 0 - 20 years straight line
Plant and machinery | 5 years straight line
Vehicles | 4 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### 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 Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible 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.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, 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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest 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 directors | 3 |  | 3

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 December 2024 | 80,833 |  | 54,891 |  | 35,125 |  | 6,403 |  | 177,252
Disposals | 0 |  | ( 19,448) |  | 0 |  | ( 1,286) |  | ( 20,734)
At 30 November 2025 | 80,833 |  | 35,443 |  | 35,125 |  | 5,117 |  | 156,518
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 December 2024 | 17,795 |  | 54,010 |  | 35,125 |  | 3,868 |  | 110,798
Charge for the financial year | 2,042 |  | 359 |  | 0 |  | 685 |  | 3,086
Disposals | 0 |  | ( 19,448) |  | 0 |  | ( 1,286) |  | ( 20,734)
At 30 November 2025 | 19,837 |  | 34,921 |  | 35,125 |  | 3,267 |  | 93,150
Net book value |  |  |  |  |  |  |  |  |
At 30 November 2025 | 60,996 |  | 522 |  | 0 |  | 1,850 |  | 63,368
At 30 November 2024 | 63,038 |  | 881 |  | 0 |  | 2,535 |  | 66,454

Revaluation of tangible assets

Land and buildings were revalued during the year ended 30 November 2015, which has been treated as deemed cost under FRS 102.
If revalued assets were stated on a historical cost basis rather than a fair value basis, the total amounts would have been included as follows:

| 2025 |  | 2024
| £ |  | £
Historical cost | 833 |  | 833
Accumulated depreciation | (587) |  | (545)
Carrying value | 246 |  | 288

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 8,174 |  | 8,054
Other debtors | 4,295 |  | 1,568
| 12,469 |  | 9,622

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 5,698 |  | 5,938
Other taxation and social security | 2,057 |  | 1,284
Other creditors | 4,974 |  | 4,819
| 12,729 |  | 12,041

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 6,653 |  | 10,367

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary Shares shares of £ 1.00 each | 100 |  | 100
25 Ordinary A shares of £ 1.00 each | 25 |  | 25
25 Ordinary B shares of £ 1.00 each | 25 |  | 25
75 Ordinary C shares of £ 1.00 each | 75 |  | 75
| 225 |  | 225