REGISTERED NUMBER: SC694676 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FINDHORN PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A Stark

Mrs J M Stark

REGISTERED OFFICE:

5 Grange Road

Edinburgh

EH9 1UH

REGISTERED NUMBER:

SC694676 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

The Royal Bank of Scotland

206 Bruntsfield Place

Edinburgh

EH10 4DF

SOLICITORS:

Gillespie Macandrew

5 Atholl Crescent

Edinburgh

EH3 8EJ

FIXED ASSETS

Investment property

4

140,000

140,000

CURRENT ASSETS

Cash at bank

1,514

1,606

CREDITORS

Amounts falling due within one year

5

91,392

99,989

NET CURRENT LIABILITIES

(89,878

)

(98,383

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,122

41,617

PROVISIONS FOR LIABILITIES

5,000

5,000

NET ASSETS

45,122

36,617

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

15,000

15,000

Retained earnings

30,022

21,517

45,122

36,617

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 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 4 August 2025 and were signed on its behalf by:

N A Stark - Director

1.	STATUTORY INFORMATION

Findhorn Property 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 financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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 the total of rent receivable and other income by the company from the rental of property in the year.

Investment property

The company carries investment property at fair value with changes in fair value being recognised in the Income Statement. Any such changes together with the related deferred tax are transferred to a Revaluation Reserve.

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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

140,000

NET BOOK VALUE

At 31 March 2025

140,000

At 31 March 2024

140,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

20,000

Cost

120,000

140,000

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

2025

2024

£

£

Cost

120,000

120,000

Investment property was valued on an open market basis on 31 March 2024 by Burns & Partners Chartered Surveyors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,835

2,612

Other creditors

88,557

97,377

91,392

99,989

6.	RELATED PARTY DISCLOSURES

Included in Other creditors at 31 March 2025 is a loan due to a company controlled by the directors amounting to £61,000 (2024: £85,000). The loan is unsecured, interest free and repayable on demand.