P S Nicholson (Forres) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC029308

P S Nicholson (Forres) Limited

Filleted Unaudited Financial Statements

30 September 2025

P S Nicholson (Forres) Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	4		33,697	76,098

Current assets

Debtors	5	135,573	88,370
Cash at bank and in hand		–	3,107
		---------	--------
		135,573	91,477

Creditors: amounts falling due within one year	6	( 746,945)		( 746,945)
		---------		---------
Net current liabilities			( 611,372)	( 655,468)
			---------	---------
Total assets less current liabilities			( 577,675)	( 579,370)
			---------	---------
Net liabilities			( 577,675)	( 579,370)
			---------	---------

Capital and reserves

Called up share capital	70,000	70,000
Profit and loss account	( 647,675)	( 649,370)
	---------	---------
Shareholder deficit	( 577,675)	( 579,370)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

P S Nicholson (Forres) Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

Linda C Emslie
Director

Company registration number: SC029308

P S Nicholson (Forres) Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 117-121 High Street, Forres, Moray, IV36 1AB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company ceased trading on 31 March 2018. All of the property held has now been sold. The directors will continue to support the company until the investments are sold and the company can be wound up and struck off from the register of companies.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

The following assets and liabilities are classified as financial instruments - investments, bank balances and directors' loans to the company. Investments in equity shares which are publicly traded or where the fair value of the shares can otherwise be measured reliably are initially measured at fair value. The investments are subsequently remeasured in the balance sheet at fair value with changes in fair value recognised through the statement of income and retained earnings. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held on demand. Directors' loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

4. Investments

	Other investments other than loans
	£
Market value
At 1 October 2024	76,098
Disposals	( 44,643)
Revaluations	2,242
	--------
At 30 September 2025	33,697
	--------
Impairment
At 1 October 2024 and 30 September 2025	–
	--------

Carrying amount
At 30 September 2025	33,697
	--------
At 30 September 2024	76,098
	--------

5. Debtors

	2025	2024
	£	£
Other debtors	135,573	88,370
	---------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	746,945	746,945
	---------	---------

Included in other creditors is £745,745 (2024 - £745,745) due to a current director and the estate of a previous director.

7. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	33,697	76,098
	--------	--------

8. Related party transactions

The company is a wholly owned subsidiary of P S Nicholson (Holdings) Limited, a company which was controlled by the late Mrs D Fielding. The company has provided a letter of cross guarantee to the bank for P S Nicholson (Holdings) Limited. At the year end £562,890 (2024 - £562,890) was due to the estate of the late Mrs D Fielding. This loan is interest free and has no set repayment terms. The company has received a loan from Miss N F Fielding, who is a director. There are no set repayment terms. The balance outstanding at the year end was £182,855 (2024 - £182,855).

9. Controlling party

The company is a wholly owned subsidiary of P S Nicholson (Holdings) Limited, a company incorporated in Scotland.