REGISTERED NUMBER: SC689250 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Pentland Property Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A D MacLean

REGISTERED OFFICE:

C/o The Raeburn Hotel

112 Raeburn Place

Edinburgh

EH4 1HG

REGISTERED NUMBER:

SC689250 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

CURRENT ASSETS

Stocks

1,728,011

1,718,811

Debtors

4

4

4

1,728,015

1,718,815

CREDITORS

Amounts falling due within one year

5

1,728,011

1,718,811

NET CURRENT ASSETS

4

4

TOTAL ASSETS LESS CURRENT LIABILITIES

4

4

CAPITAL AND RESERVES

Called up share capital

4

4

4

4

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 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.

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 22 August 2025 and were signed by:

A D MacLean - Director

1.	STATUTORY INFORMATION

Pentland Property Development 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Work-in-progress

Work-in-progress, comprising of the costs of development of a property being undertaken by the company, is valued at the lower of cost and selling price less costs to sell.

Taxation

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

4

4

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

1,728,011

1,718,811

6.	SECURED DEBTS

Pentland Investments, a company within the same group, holds a security over the stocks within Pentland Property Developments Limited.

7.	ULTIMATE CONTROLLING PARTY

At the year end, the company was a wholly owned subsidiary of Borders Holdings (Scotland) Limited, a company registered in Scotland.