REGISTERED NUMBER: SC412848 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Abersanda Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTORS:

C J Colbourne

Mrs C C Colbourne

E Metcalfe

D J Gordon

S J Cunningham

R H Thomson

REGISTERED OFFICE:

Abernethy Trust

Nethy Bridge

Inverness-shire

PH25 3ED

REGISTERED NUMBER:

SC412848 (Scotland)

ACCOUNTANTS:

Innes & Partners Limited

Chartered Certified Accountants

9 Ardross Street

Inverness

IV3 5NN

FIXED ASSETS

Tangible assets

4

264,876

280,104

CURRENT ASSETS

Debtors

5

45,251

68,684

Cash at bank

79,867

56,969

125,118

125,653

CREDITORS

Amounts falling due within one year

6

322,557

335,178

NET CURRENT LIABILITIES

(197,439

)

(209,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,437

70,579

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

66,437

69,579

SHAREHOLDERS' FUNDS

67,437

70,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

E Metcalfe - Director

1.	STATUTORY INFORMATION

Abersanda Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

Straight line over 30 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2024

and 31 October 2025

456,834

DEPRECIATION

At 1 November 2024

176,730

Charge for year

15,228

At 31 October 2025

191,958

NET BOOK VALUE

At 31 October 2025

264,876

At 31 October 2024

280,104

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

VAT

9,198

10,034

Prepayments and accrued income

36,053

58,650

45,251

68,684

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Trade creditors

-

458

Amounts owed to group undertakings

274,981

332,141

Accruals and deferred income

47,576

2,579

322,557

335,178

Amounts owed to group undertakings analysed as follows:

2025

2024

£

£

Loan due to Inversanda Estate Limited

90,575

90,575

Trading balance due to Inversanda Estate Limited

-

20,140

Loan due to Abernethy Trust Limited

181,147

181,147

Trading balance due to Abernethy Trust Limited

3259

-

Trading balance due to Abernethy Developments Limited

-

40,279

274,981

332,141

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/25

31/10/24

value:

£

£

666

Ordinary A

£1

666

666

333

Ordinary B

£1

333

333

1

Ordinary C

£1

1

1

1,000

1,000

8.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Loan advance/repaid

Balance owed by/(to

)

2025

2024

2025

2024

£

£

£

£

Abernethy Trust Limited

-

21,083

(184,406

)

(181,147

)

Inversanda Estate Limited

20,140

37,924

(90,575

)

(110,715

)

Abernethy Developments Limited

40,279

(13,436

)

-

(40,279

)

The above loans are interest free and repayable on demand.

During the year the company paid management charges of £1,358 (2024: £1,358) to Abernethy Trust Limited. Abernethy Trust Limited is the company's ultimate parent company of Abersanda Limited.

During the year the company paid management charges of £47,713 (2024: £65,140) to Inversanda Estate Limited. Inversanda Estate Limited is a shareholder of Abersanda Limited.

During the year the company paid management charges of £95,426 (2024: £130,279) to Abernethy Developments Limited. Abernethy Developments Limited is the parent company of Abersanda Limited.

The ultimate controlling party is Abernethy Trust Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abersanda Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Abersanda Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abersanda Limited and state those matters that we have agreed to state to the Board of Directors of Abersanda Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abersanda Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Abersanda Limited. You consider that Abersanda Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abersanda Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Innes & Partners Limited

Chartered Certified Accountants

9 Ardross Street

Inverness

IV3 5NN

21 July 2026