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REGISTERED NUMBER: SC205178 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Saltire Property Investments Ltd

Saltire Property Investments Ltd (Registered number: SC205178)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saltire Property Investments Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr M Warner





SECRETARY: Mr B R Warner





REGISTERED OFFICE: Groenendaal
19 Caledonian Road
Peebles
Borders
EH45 9DJ





REGISTERED NUMBER: SC205178 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Saltire Property Investments Ltd (Registered number: SC205178)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,035,076 1,919,837
2,035,076 1,919,837

CURRENT ASSETS
Debtors 6 1,083 -
Cash at bank 17,526 76,443
18,609 76,443
CREDITORS
Amounts falling due within one year 7 312,893 371,702
NET CURRENT LIABILITIES (294,284 ) (295,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,740,792

1,624,578

CREDITORS
Amounts falling due after more than one
year

8

(619,092

)

(521,092

)

PROVISIONS FOR LIABILITIES (134,261 ) (134,261 )
NET ASSETS 987,439 969,225

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 555,691 555,691
Retained earnings 431,648 413,434
SHAREHOLDERS' FUNDS 987,439 969,225

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

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

The director acknowledges his 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.

Saltire Property Investments Ltd (Registered number: SC205178)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 9 July 2025 and were signed by:





Mr M Warner - Director


Saltire Property Investments Ltd (Registered number: SC205178)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Saltire Property Investments Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross rental income received from investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

An impairment review was carried out at the year end and there were no signs of impairment noted.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current tax 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 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).

Saltire Property Investments Ltd (Registered number: SC205178)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024
and 31 March 2025 11,091
DEPRECIATION
At 1 April 2024
and 31 March 2025 11,091
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

An impairment review was carried out at the year end and there were no signs of impairment noted.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,919,837
Additions 115,239
At 31 March 2025 2,035,076
NET BOOK VALUE
At 31 March 2025 2,035,076
At 31 March 2024 1,919,837

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2000 29,073
Valuation in 2012 60,773
Valuation in 2016 283,702
Valuation in 2019 115,000
Valuation in 2022 285,000
Valuation in 2024 35,000
Cost 1,226,528
2,035,076

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 1,226,528 1,104,655

Investment property was valued on an open market basis on 22 November 2023 by Allied Chartered Surveyors. .

The director feels that these values are appropriate for the year ended 31 March 2025.

Saltire Property Investments Ltd (Registered number: SC205178)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 583 -
JR Properties 500 -
1,083 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 4,273 7,093
Other creditors 308,620 364,609
312,893 371,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 566,500 456,500
Other creditors 52,592 64,592
619,092 521,092

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loan 566,500 456,500

Handelsbanken hold a floating charge over properties held within the company.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2024
and 31 March 2025 555,691

11. RELATED PARTY DISCLOSURES

The company has loans payable to related parties totalling £64,592 at 31 March 2025 (£76,592 as at 31 March 2024).

£52,592 (2023: £64,592) is shown within creditors falling due after more than one year.

No interest is charged on the loans.