Silverfin false false 31/03/2026 01/04/2025 31/03/2026 Mr A Fleming 29/09/2011 Mrs L Fleming 29/09/2011 18 August 2026 The principal activity of the Company during the financial year is the management of holiday lets. SC408393 2026-03-31 SC408393 bus:Director1 2026-03-31 SC408393 bus:Director2 2026-03-31 SC408393 2025-03-31 SC408393 core:CurrentFinancialInstruments 2026-03-31 SC408393 core:CurrentFinancialInstruments 2025-03-31 SC408393 core:Non-currentFinancialInstruments 2026-03-31 SC408393 core:Non-currentFinancialInstruments 2025-03-31 SC408393 core:ShareCapital 2026-03-31 SC408393 core:ShareCapital 2025-03-31 SC408393 core:RetainedEarningsAccumulatedLosses 2026-03-31 SC408393 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC408393 core:PlantMachinery 2025-03-31 SC408393 core:FurnitureFittings 2025-03-31 SC408393 core:PlantMachinery 2026-03-31 SC408393 core:FurnitureFittings 2026-03-31 SC408393 core:RemainingRelatedParties core:CurrentFinancialInstruments 2026-03-31 SC408393 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-03-31 SC408393 bus:OrdinaryShareClass1 2026-03-31 SC408393 2025-04-01 2026-03-31 SC408393 bus:FilletedAccounts 2025-04-01 2026-03-31 SC408393 bus:SmallEntities 2025-04-01 2026-03-31 SC408393 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 SC408393 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC408393 bus:Director1 2025-04-01 2026-03-31 SC408393 bus:Director2 2025-04-01 2026-03-31 SC408393 core:PlantMachinery core:TopRangeValue 2025-04-01 2026-03-31 SC408393 core:FurnitureFittings core:TopRangeValue 2025-04-01 2026-03-31 SC408393 2024-04-01 2025-03-31 SC408393 core:PlantMachinery 2025-04-01 2026-03-31 SC408393 core:FurnitureFittings 2025-04-01 2026-03-31 SC408393 core:Non-currentFinancialInstruments 2025-04-01 2026-03-31 SC408393 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 SC408393 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC408393 (Scotland)

# GAVINBURN COTTAGES LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH THE REGISTRAR

GAVINBURN COTTAGES LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026

Contents

GAVINBURN COTTAGES LIMITED

## BALANCE SHEET

AS AT 31 MARCH 2026
GAVINBURN COTTAGES LIMITED

## BALANCE SHEET (continued)

AS AT 31 MARCH 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 28,115 |  | 15,463
|  | 28,115 |  | 15,463
Current assets |  |  |  |
Debtors | 4 | 3,268 |  | 3,072
Cash at bank and in hand |  | 38,181 |  | 34,968
|  | 41,449 |  | 38,040
Creditors: amounts falling due within one year | 5 | ( 13,467) |  | ( 13,716)
Net current assets |  | 27,982 |  | 24,324
Total assets less current liabilities |  | 56,097 |  | 39,787
Creditors: amounts falling due after more than one year | 6 | ( 29,976) |  | ( 29,976)
Provision for liabilities |  | ( 5,478) |  | ( 1,400)
Net assets |  | 20,643 |  | 8,411
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 20,543 |  | 8,311
Total shareholders' funds |  | 20,643 |  | 8,411

For the financial year ending 31 March 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 Gavinburn Cottages Limited (registered number: SC408393) were approved and authorised for issue by the Board of Directors on 18 August 2026. They were signed on its behalf by:

Mr A Fleming Director |

GAVINBURN COTTAGES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026
GAVINBURN COTTAGES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 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

Gavinburn Cottages 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 Clota House, Clydeview, Dumbarton, G82 4AG, Scotland, United Kingdom.
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

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors’ Reports.
Therefore, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

##### Turnover

Turnover represents amounts receivable for holiday let management and is recognised when the service has been performed.

##### Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### 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 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.

##### Tangible fixed assets

Tangible fixed assets are initially and subsequently measured at cost, net of depreciation and 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 | 4 years straight line
Fixtures and fittings | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of 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.

##### Cash and cash equivalents

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

##### 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 debtors and cash and bank balances, are measured at transaction price including transaction costs.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.
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.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2025 | 41,806 |  | 3,048 |  | 44,854
Additions | 21,427 |  | 0 |  | 21,427
At 31 March 2026 | 63,233 |  | 3,048 |  | 66,281
Accumulated depreciation |  |  |  |  |
At 01 April 2025 | 27,303 |  | 2,088 |  | 29,391
Charge for the financial year | 8,013 |  | 762 |  | 8,775
At 31 March 2026 | 35,316 |  | 2,850 |  | 38,166
Net book value |  |  |  |  |
At 31 March 2026 | 27,917 |  | 198 |  | 28,115
At 31 March 2025 | 14,503 |  | 960 |  | 15,463

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Amounts owed by related parties | 1,015 |  | 1,015
Other debtors | 2,253 |  | 2,057
| 3,268 |  | 3,072

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

| 2026 |  | 2025
| £ |  | £
Other taxation and social security | 1,229 |  | 0
Other creditors | 12,238 |  | 13,716
| 13,467 |  | 13,716

#### 6. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Other creditors | 29,976 |  | 29,976

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 8. Related party transactions

Transactions with the entity's directors

| 2026 |  | 2025
| £ |  | £
Amounts due to Key management personnel | 39,105 |  | 40,991

These loans are interest free and have no fixed repayment terms.

Other related party transactions

| 2026 |  | 2025
| £ |  | £
Amounts due from related parties | 1,015 |  | 1,015