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REGISTERED NUMBER: SC067757 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

CHASONS LIMITED

CHASONS LIMITED (REGISTERED NUMBER: SC067757)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

CHASONS LIMITED

COMPANY INFORMATION

for the year ended 30 April 2025

| DIRECTORS: | C Guthrie

| Dr B Guthrie

| REGISTERED OFFICE: | 24A Ainslie Place

| Edinburgh

| Lothian

| EH3 6AJ

| REGISTERED NUMBER: | SC067757 (Scotland)

| ACCOUNTANTS: | Mitchell Edwards

| Chartered Certified Accountants

| 24A Ainslie Place

| Edinburgh

| EH3 6AJ

| BANKERS: | Bank of Scotland

| 39 Albyn Place

| Queen's Cross

| Aberdeen

| AB10 1YN

CHASONS LIMITED (REGISTERED NUMBER: SC067757)

BALANCE SHEET

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investment property | 5 | 437,500 |  | 437,500 |  |

437,500 |  | 437,500 |  |

CURRENT ASSETS

Debtors | 6 | 477 |  | 2,059 |  |

Cash at bank | 102,117 |  | 118,999 |  |

102,594 |  | 121,058 |  |

CREDITORS

Amounts falling due within one year | 7 | 34,149 |  | 32,401 |  |

NET CURRENT ASSETS | 68,445 |  | 88,657 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 505,945 |  | 526,157 |  |

PROVISIONS FOR LIABILITIES | 57,398 |  | 57,398 |  |

NET ASSETS | 448,547 |  | 468,759 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Revaluation reserve | 340,347 |  | 340,347 |  |

Retained earnings | 108,198 |  | 128,410 |  |

SHAREHOLDERS' FUNDS | 448,547 |  | 468,759 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 22 August 2025 and were signed on its behalf by:

C Guthrie - Director

CHASONS LIMITED (REGISTERED NUMBER: SC067757)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 April 2025

1. | STATUTORY INFORMATION

| Chasons 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.

| 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 by the company for letting of own property and factoring fees

| 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 | - | 10% on cost

| 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 ) .

CHASONS LIMITED (REGISTERED NUMBER: SC067757)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 3,876 |  |

| DEPRECIATION

| At 1 May 2024

| and 30 April 2025 | 3,876 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024

| and 30 April 2025 | 437,500 |  |

| NET BOOK VALUE

| At 30 April 2025 | 437,500 |  |

| At 30 April 2024 | 437,500 |  |

| Fair value at 30 April 2025 is represented by:

£ |

| Valuation in 2010 | 210,245 |  |

| Valuation in 2019 | 130,000 |  |

| Valuation in 2021 | 57,500 |  |

| Cost | 39,755 |  |

437,500 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 39,755 |  | 39,755 |  |

| In the opinion of the director, the current fair value of the company's investment property is £437,500 (2024: £437,500). The director's opinion has been arrived at after reviewing transactions in the location and category of the investment property being valued.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 1,597 |  |

| Other debtors | 477 |  | 462 |  |

477 |  | 2,059 |  |

CHASONS LIMITED (REGISTERED NUMBER: SC067757)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 235 |  | - |  |

| Taxation and social security | 3,525 |  | 3,400 |  |

| Other creditors | 30,389 |  | 29,001 |  |

34,149 |  | 32,401 |  |