FASQUE HOUSE PROPERTIES LTD.

Company Registration Number:
SC377418 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

FASQUE HOUSE PROPERTIES LTD.

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

FASQUE HOUSE PROPERTIES LTD.

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

Investment Company



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Mr D Dick Reid
Mr L Katsaitas


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 June 2025

And signed on behalf of the board by:
Name: Mr D Dick Reid
Status: Director

FASQUE HOUSE PROPERTIES LTD.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,041,002 3,158,078
Investments: 4 5,223,187 5,223,187
Total fixed assets: 8,264,189 8,381,265
Current assets
Debtors: 5 714,997 930,205
Cash at bank and in hand: 88 30,906
Total current assets: 715,085 961,111
Creditors: amounts falling due within one year: 6 ( 965,639 ) ( 536,165 )
Net current assets (liabilities): (250,554) 424,946
Total assets less current liabilities: 8,013,635 8,806,211
Creditors: amounts falling due after more than one year: 7 ( 10,560,599 ) ( 10,650,816 )
Total net assets (liabilities): (2,546,964) (1,844,605)
Capital and reserves
Called up share capital: 2 2
Share premium account: 7,896,558 7,896,558
Other reserves: 806,709 806,709
Profit and loss account: (11,250,233 ) (10,547,874 )
Total Shareholders' funds: ( 2,546,964 ) (1,844,605)

The notes form part of these financial statements

FASQUE HOUSE PROPERTIES LTD.

Balance sheet statements

For the year ending 30 April 2024 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 chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 16 June 2025
and signed on behalf of the board by:

Name: Mr D Dick Reid
Status: Director

The notes form part of these financial statements

FASQUE HOUSE PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, shown Net of Vat and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financial arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents are basic financial assets that 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. Deferred Taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements. Financial Instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares 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 financial 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. Financial assets are derecognised only when contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and subsequently all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities, including trade and other creditors, bank loans and other loans, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial assets and liabilities are derecognised when the contractual rights to the cash flows from the asset expire or are settled and when the company’s contractual obligations expire or are discharged or cancelled.

FASQUE HOUSE PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 9

FASQUE HOUSE PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 3,000,000 310,953 621,295 3,932,248
Additions
Disposals ( 85,461 ) ( 85,461 )
Revaluations
Transfers
At 30 April 2024 2,914,539 310,953 621,295 3,846,787
Depreciation
At 1 May 2023 256,686 517,484 774,170
Charge for year 10,853 20,762 31,615
On disposals
Other adjustments
At 30 April 2024 267,539 538,246 805,785
Net book value
At 30 April 2024 2,914,539 43,414 83,049 3,041,002
At 30 April 2023 3,000,000 54,267 103,811 3,158,078

FASQUE HOUSE PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Fixed assets investments note

The Fixed Asset Investment represents Investments in Subsidiary Companies.

FASQUE HOUSE PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
£ £
Other debtors 714,997 930,205
Total 714,997 930,205

FASQUE HOUSE PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 234,356 234,356
Trade creditors 35,793 71,021
Taxation and social security 6,169 6,566
Accruals and deferred income 141,717 141,717
Other creditors 547,604 82,505
Total 965,639 536,165

FASQUE HOUSE PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 1,571,312 1,661,529
Other creditors 8,989,287 8,989,287
Total 10,560,599 10,650,816