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REGISTERED NUMBER: SC102048 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 January 2025

for

SALE DEVELOPMENTS LIMITED

SALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC102048)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALE DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Mr S C Pottinger





REGISTERED OFFICE: Westburn House
Near Dunning
Perth
Perthshire
PH2 0QY





REGISTERED NUMBER: SC102048 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

SALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC102048)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,784,000 2,784,000

CURRENT ASSETS
Debtors 5 253,282 257,511
Cash at bank 210,296 146,105
463,578 403,616
CREDITORS
Amounts falling due within one year 6 19,527 19,861
NET CURRENT ASSETS 444,051 383,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,228,051

3,167,755

PROVISIONS FOR LIABILITIES 383,334 383,334
NET ASSETS 2,844,717 2,784,421

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 1,713,084 1,713,084
Retained earnings 1,131,533 1,071,237
2,844,717 2,784,421

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

SALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC102048)

Balance Sheet - continued
31 January 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 11 July 2025 and were signed by:





Mr S C Pottinger - Director


SALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC102048)

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

1. STATUTORY INFORMATION

Sale Developments 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.

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.

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.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

SALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC102048)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 2,784,000
NET BOOK VALUE
At 31 January 2025 2,784,000
At 31 January 2024 2,784,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2019 2,099,650
Valuation in 2023 (42,804 )
Valuation in 2024 39,571
Cost 687,583
2,784,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 4,348
Other debtors 253,282 253,163
253,282 257,511

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 16,641 11,149
Other creditors 2,886 8,712
19,527 19,861

7. RESERVES
Fair
value
reserve
£   
At 1 February 2024
and 31 January 2025 1,713,084