CAMPBELL & SELLAR (PROPERTIES) LIMITED


Directors	STRACHAN, Athol Gordon
	STRACHAN, Jacqueline Elspeth


Registered Address	East Lodge Greenwell Road
	East Tullos
	Aberdeen
	AB12 3AX


Registered Number	SC435349 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		5,294		6,482
Investment property	4		2,175,000		2,175,000
			2,180,294		2,181,482
Current assets
Debtors		6,462		2,162
Cash at bank and on hand		381		309
		6,843		2,471
Creditors amounts falling due within one year	5	(844,374)		(670,914)
Net current assets (liabilities)			(837,531)		(668,443)
Total assets less current liabilities			1,342,763		1,513,039
Creditors amounts falling due after one year	6		(672,866)		(902,432)
Provisions for liabilities	7		(1,006)		(1,077)
Net assets			668,891		609,530
Capital and reserves
Called up share capital			100		100
Profit and loss account			668,791		609,430
Shareholders' funds			668,891		609,530

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 July 2025, and are signed on its behalf by:

STRACHAN, Athol Gordon
Director
Registered Company No. SC435349

CAMPBELL & SELLAR (PROPERTIES) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	5
	Plant and machinery	5
	Fixtures and fittings	5

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 24	27,702	5,450	13,848	47,000
At 31 December 24	27,702	5,450	13,848	47,000
Depreciation and impairment
At 01 January 24	23,892	3,475	13,151	40,518
Charge for year	-	790	398	1,188
At 31 December 24	23,892	4,265	13,549	41,706
Net book value
At 31 December 24	3,810	1,185	299	5,294
At 31 December 23	3,810	1,975	697	6,482

4.	Investment property
	Investment property comprises property in Aberdeen. The fair value of the investment property has been arrived at by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.


		£
	Fair value at 01 January 24	2,175,000
	At 31 December 24	2,175,000

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	7,112	2,049
Bank borrowings and overdrafts	517,469	397,755
Taxation and social security	16,703	18,020
Other creditors	249,600	199,600
Accrued liabilities and deferred income	53,490	53,490
Total	844,374	670,914

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	545,204	593,278
Amounts owed to related parties	127,662	309,154
Total	672,866	902,432

7.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	1,006	1,077
Total	1,006	1,077