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SC152154falsethat of letting agents, motor repairs and MOT testing2024-09-012025-08-31http://www.companieshouse.gov.uk/2024-08-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-09-012025-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-08-31http://www.companieshouse.gov.uk/cd:Director12024-09-012025-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-08-31http://www.companieshouse.gov.uk/cd:Director22024-09-012025-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-09-012025-08-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-09-012025-08-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-09-012025-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-08-31http://www.companieshouse.gov.uk/2024-09-012025-08-31http://www.companieshouse.gov.uk/2024-08-31http://www.companieshouse.gov.uk/cd:FRS1022024-09-012025-08-31http://www.companieshouse.gov.uk/2025-08-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-09-012025-08-31http://www.companieshouse.gov.uk/cd:FilletedAccounts2024-09-012025-08-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: SC152154






Sinclair-Rojas Ltd


FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025
























Prepared By:
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ


FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025





DIRECTORS
Iain Sinclair
Nora Rojas-Sinclair



SECRETARY
Christine Clowry


REGISTERED OFFICE
2 Ceres Road
Cupar
Fife
KY15 5JT


COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC152154



ACCOUNTANTS
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ


FINANCIAL STATEMENTS
FOR THEYEARENDED31 AUGUST 2025



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 August 2025

			2025		2024
	Notes		£		£

FIXED ASSETS
Tangible assets	3		419,049		412,758
Investment Assets	4		692,850		450,568

			1,111,899		863,326

CURRENT ASSETS
Stock		300		4,000
Debtors	6	143,534		141,022
Cash at bank and in hand		43,072		127,605
		186,906		272,627
CREDITORS: Amounts falling due within one year	7	35,865		81,227
NET CURRENT ASSETS			151,041		191,400
TOTAL ASSETS LESS CURRENT LIABILITIES			1,262,940		1,054,726


PROVISIONS FOR LIABILITIES AND CHARGES			660		374

NET ASSETS			1,262,280		1,054,352

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			1,262,180		1,054,252
SHAREHOLDERS' FUNDS			1,262,280		1,054,352

For the year ending 31 August 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 2 June 2026 and signed on their behalf by



.............................
Nora Rojas-Sinclair
Director




1a. General Information Basis Of Accounting
The company is limited by shares and incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements have been prepared in accordance with Financial Reporting Standard FRS 102 including Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise shown.




1b. Turnover
Turnover represents the amounts receivable arising from the supply of goods net of VAT and trade discounts.
Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Turnover is recognised as the fair value of the consideration received or receivable for services provided in the normal course of business, net of VAT and trade discounts.




1c. Tangible Fixed Assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land And Buildings		straight line2%
Plant And Machinery		reducing balance25%
Motor Cars		reducing balance25%




1d. 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 at the reporting end date. Changes in fair value are recognised in profit or loss.




1e. 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.
Recoverable amount is the higher of fair value less costs to sell and 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. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. 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.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.




1f. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.




1g. Cash And Cash Equivalents
Cash and cash equivalents are basic financial instruments which 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.




1h. Financial Instruments
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, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at 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 operations 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.




1i. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.




1j. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1k. Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets acquired under hire purchase contracts and finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.




2. EMPLOYEES

	2025	2024
	No.	No.
Average number of employees	6	8




3. TANGIBLE FIXED ASSETS

	Land And	Plant and
	Buildings	Machinery Etc.	Total
	£	£	£
Cost
At 1 September 2024	432,000	131,787	563,787
Disposals	-	(28,190)	(28,190)
Revaluation	10,000	-	10,000
At 31 August 2025	442,000	103,597	545,597
Depreciation
At 1 September 2024	25,500	125,529	151,029
Disposals	-	(27,329)	(27,329)
For the year	1,500	1,348	2,848
At 31 August 2025	27,000	99,548	126,548
Net Book Amounts
At 31 August 2025	415,000	4,049	419,049
At 31 August 2024	406,500	6,258	412,758
Included in Land & Buildings are Investment Properties totalling £367,000 (2024 - £357,000). See note 5 for details.




4. INVESTMENT FIXED ASSETS

	Listed
	Investments	Total
	£	£
Fair Value
At 1 September 2024	450,568	450,568
Additions	320,230	320,230
Disposals	(77,948)	(77,948)
At 31 August 2025	692,850	692,850
Amortisation
Net Book Amounts
At 31 August 2025	692,850	692,850
At 31 August 2024	450,568	450,568
Included in additions above is as follows: Unrealised gain on revaluation of investments £162,637. Additions of assets at market value £157,592.




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2025	2024
	£	£
Trade creditors	-	24,293
Taxation and social security	21,535	10,550
Other creditors	14,330	46,384
	35,865	81,227




1l. Foreign Currency
Transactions in currencies, other than pounds sterling, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. Gains and losses on translation in the period are included in the profit and loss account.




1m. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.




1n. Critical Accounting Estimates And Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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.




5. INVESTMENT PROPERTIES

	Investment
	Properties	Total
	£	£
Fair value
At 1 September 2024	357,000	357,000
Revaluation	10,000	10,000
At 31 August 2025	367,000	367,000
Investment properties have been valued at fair value by the directors at the year end.




6. DEBTORS	2025	2024
	£	£

Amounts falling due within one year:
Trade debtors	2,351	7,873
VAT	2,269	-
Other debtors	138,914	133,149
	143,534	141,022




8. SHARE CAPITAL	2025	2024
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




9. PROFIT AND LOSS RESERVES
Profit and loss account -This reserve records retained earnings and accumulated losses including surplus/ deficit on market value changes of investment properties. At the year end £143,458 (2024 -£(19,562)) is non distributable reserves.