Silverfin false false 31/01/2026 01/02/2025 31/01/2026 Steven Hadden 08/06/2009 Paul Hay 08/06/2009 02 July 2026 The principal activity of the company is that of a holding company. SC359321 2026-01-31 SC359321 bus:Director1 2026-01-31 SC359321 bus:Director2 2026-01-31 SC359321 2025-01-31 SC359321 core:CurrentFinancialInstruments 2026-01-31 SC359321 core:CurrentFinancialInstruments 2025-01-31 SC359321 core:ShareCapital 2026-01-31 SC359321 core:ShareCapital 2025-01-31 SC359321 core:SharePremium 2026-01-31 SC359321 core:SharePremium 2025-01-31 SC359321 core:CapitalRedemptionReserve 2026-01-31 SC359321 core:CapitalRedemptionReserve 2025-01-31 SC359321 core:RetainedEarningsAccumulatedLosses 2026-01-31 SC359321 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC359321 core:CostValuation 2025-01-31 SC359321 core:CostValuation 2026-01-31 SC359321 bus:OrdinaryShareClass1 2026-01-31 SC359321 2025-02-01 2026-01-31 SC359321 bus:FilletedAccounts 2025-02-01 2026-01-31 SC359321 bus:SmallEntities 2025-02-01 2026-01-31 SC359321 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 SC359321 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC359321 bus:Director1 2025-02-01 2026-01-31 SC359321 bus:Director2 2025-02-01 2026-01-31 SC359321 2024-02-01 2025-01-31 SC359321 bus:OrdinaryShareClass1 2025-02-01 2026-01-31 SC359321 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC359321 (Scotland)

# THISTLE STREET ONE LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2026
Pages for filing with the registrar

THISTLE STREET ONE LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2026

Contents

THISTLE STREET ONE LIMITED

## BALANCE SHEET

As at 31 January 2026
THISTLE STREET ONE LIMITED

## BALANCE SHEET (continued)

As at 31 January 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 787,946 |  | 787,946
|  | 787,946 |  | 787,946
Current assets |  |  |  |
Cash at bank and in hand |  | 17 |  | 17
|  | 17 |  | 17
Creditors: amounts falling due within one year | 4 | ( 1,536) |  | ( 1,536)
Net current liabilities |  | (1,519) |  | (1,519)
Total assets less current liabilities |  | 786,427 |  | 786,427
Net assets |  | 786,427 |  | 786,427
Capital and reserves |  |  |  |
Called-up share capital | 5 | 12,860 |  | 12,860
Share premium account |  | 256,422 |  | 256,422
Capital redemption reserve |  | 10,718 |  | 10,718
Profit and loss account |  | 506,427 |  | 506,427
Total shareholders' funds |  | 786,427 |  | 786,427

For the financial year ending 31 January 2026 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 Thistle Street One Limited (registered number: SC359321) were approved and authorised for issue by the Board of Directors on 02 July 2026. They were signed on its behalf by:

Paul Hay Director |

THISTLE STREET ONE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026
THISTLE STREET ONE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026

##### 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

Thistle Street One 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 10 Thistle Street, Aberdeen, AB10 1XZ, United Kingdom. The principal place of business is 5 St Machar Road, Aberdeen, AB24 2UU.
The financial statements have been prepared under the historical cost convention, modified to include 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

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

##### Taxation

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.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

##### Turnover

Dividend income from investments is recognised when the shareholder's right to receive payment has been established.

##### Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and 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 creditors: amounts falling due within one year.

##### 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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 2 |  | 2

#### 3. Fixed asset investments

Investments in subsidiaries

| 2026
| £
Cost |
At 01 February 2025 | 787,946
At 31 January 2026 | 787,946
Carrying value at 31 January 2026 | 787,946
Carrying value at 31 January 2025 | 787,946

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

| 2026 |  | 2025
| £ |  | £
Other creditors | 1,536 |  | 1,536

#### 5. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
12,860 Ordinary shares of £ 1.00 each | 12,860 |  | 12,860