REGISTERED NUMBER: SC369881 (Scotland)

ANTAEUS DEVELOPMENTS LTD.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W M Reid

J S Reid

REGISTERED OFFICE:

162 Glenpark Street

Glasgow

G31 1PG

REGISTERED NUMBER:

SC369881 (Scotland)

ACCOUNTANTS:

JRD Partnership Ltd

Chartered Accountants

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

BANKERS:

Bank Of Scotland

The Direct Business Bank

PO Box 1000

BX2 1LB

FIXED ASSETS

Investment property

4

51,659

51,659

CURRENT ASSETS

Debtors

5

68,812

50,000

Cash at bank

67,070

84,383

135,882

134,383

CREDITORS

Amounts falling due within one year

6

1,674

747

NET CURRENT ASSETS

134,208

133,636

TOTAL ASSETS LESS CURRENT LIABILITIES

185,867

185,295

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

185,767

185,195

SHAREHOLDERS' FUNDS

185,867

185,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 9th September 2025 and were signed on its behalf by:

J S Reid - Director

1.	STATUTORY INFORMATION

Antaeus Developments 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is shown as a revaluation reserve to distinguish this from distributable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

51,659

NET BOOK VALUE

At 31st December 2024

51,659

At 31st December 2023

51,659

Fair value at 31st December 2024 is represented by:

£

Valuation in 2015

80,174

Valuation in 2022

(80,174

)

Cost

51,659

51,659

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

68,812

50,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

770

50

Taxation and social security

219

23

Other creditors

685

674

1,674

747

7.	RELATED PARTY DISCLOSURES

Other debtors (note 5) includes a loan of £25,000 made to MASC Management Ltd, a company in which W M Reid is a director and has a share interest.

Other debtors also includes a short term loan to Reid Wire Limited, a company in which J S Reid is a director. This loan was repaid during January 2025.

Rental income and cost recharges totalling £5,938 were received from William Reid & Sons (Wireworkers) Limited, a company which J S Reid is a director and has a share interest.

8.	ULTIMATE CONTROLLING PARTY

The controlling parties are J S Reid, W M Reid, S K Young and I W Reid who each own 25% of the share capital.