Company registration number SC052158 (Scotland)
ST ANDREWS POTTERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ST ANDREWS POTTERY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ST ANDREWS POTTERY LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
46
46
Investment properties
5
350,000
350,000
350,046
350,046
Current assets
Debtors
6
240
8,388
Cash at bank and in hand
24,003
18,055
24,243
26,443
Creditors: amounts falling due within one year
7
(2,055)
(7,905)
Net current assets
22,188
18,538
Total assets less current liabilities
372,234
368,584
Provisions for liabilities
(73,878)
(73,878)
Net assets
298,356
294,706
Capital and reserves
Called up share capital
200
200
Fair value reserve
8
260,558
260,558
Profit and loss reserves
37,598
33,948
Total equity
298,356
294,706

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

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 13 April 2026
Richard Dennis
Director
ST ANDREWS POTTERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -
Company Registration No. SC052158
ST ANDREWS POTTERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

St Andrews Pottery Limited is a private company limited by shares incorporated in Scotland. The registered office is Upper Wellfield Farmhouse, Lucklaw Hill, Balmullo, Fife, KY16 0AN.

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 principal accounting policies adopted are set out below.

1.2
Going concern

The directors are confident that true the company has adequate resources to continue in operational existence for the foreseeable future, t hus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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:

Plant and machinery
15% per annum reducing balance

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.

1.4
Investment properties

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 a t the reporting end date. The gain or loss on revaluation is recognised in the profit and loss account. Deferred taxation is provided on the gain or loss at the rate expected to apply when the property is sold.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of 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). 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.

1.6
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

ST ANDREWS POTTERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include cash and bank balances and debtors, are initially measured at transaction price.

Classification of financial liabilities

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 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Equity instruments

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.

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.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

ST ANDREWS POTTERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2024 and 30 September 2025
2,225
Depreciation and impairment
At 1 October 2024 and 30 September 2025
2,179
Carrying amount
At 30 September 2025
46
At 30 September 2024
46
5
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
350,000

Investment property consists of a commerc ial property in St Andrews. The property was professionally valued in June 2024 and the director believes that this remains an appropriate valuation of the property on 30 September 2025.

ST ANDREWS POTTERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
24
Other debtors
240
8,364
240
8,388
7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
848
-
0
Other taxation and social security
-
0
728
Other creditors
1,207
7,177
2,055
7,905
8
Fair value reserve
2025
2024
£
£
At beginning and end of year
260,558
260,558

The fair value reserve represents unrealised gains and is not, therefore, available for distribution.

9
Directors' transactions

At the year end the balance due to the company, by the director, was £114 (202 4 - £114). The advance is unsecured, interest-free and has no set repayment term.

2025-09-30 2024-10-01 false false false 14 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Richard Dennis SC052158 2024-10-01 2025-09-30 SC052158 2025-09-30 SC052158 2024-09-30 SC052158 core:OtherPropertyPlantEquipment 2025-09-30 SC052158 core:OtherPropertyPlantEquipment 2024-09-30 SC052158 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 SC052158 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 SC052158 core:CurrentFinancialInstruments 2025-09-30 SC052158 core:CurrentFinancialInstruments 2024-09-30 SC052158 core:ShareCapital 2025-09-30 SC052158 core:ShareCapital 2024-09-30 SC052158 core:RevaluationReserve 2025-09-30 SC052158 core:RevaluationReserve 2024-09-30 SC052158 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC052158 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC052158 bus:Director1 2024-10-01 2025-09-30 SC052158 core:PlantMachinery 2024-10-01 2025-09-30 SC052158 2023-10-01 2024-09-30 SC052158 core:OtherPropertyPlantEquipment 2024-09-30 SC052158 2024-09-30 SC052158 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC052158 bus:FRS102 2024-10-01 2025-09-30 SC052158 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC052158 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC052158 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP