REGISTERED NUMBER: SC758888 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Eastport Lettings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Warner

REGISTERED OFFICE:

8 Ross Road

Edinburgh

EH16 5QN

REGISTERED NUMBER:

SC758888 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Tangible assets

4

86

172

Investment property

5

1,270,000

1,270,000

1,270,086

1,270,172

CURRENT ASSETS

Debtors

6

30,887

5,310

Cash at bank

35,904

64,808

66,791

70,118

CREDITORS

Amounts falling due within one year

7

28,968

262,161

NET CURRENT ASSETS/(LIABILITIES)

37,823

(192,043

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,307,909

1,078,129

CREDITORS

Amounts falling due after more than one year

8

202,642

-

NET ASSETS

1,105,267

1,078,129

CAPITAL AND RESERVES

Called up share capital

1,060,439

1,060,439

Retained earnings

44,828

17,690

1,105,267

1,078,129

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 10 September 2025 and were signed by:

C Warner - Director

1.	STATUTORY INFORMATION

Eastport Lettings 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

258

DEPRECIATION

At 1 April 2024

86

Charge for year

86

At 31 March 2025

172

NET BOOK VALUE

At 31 March 2025

86

At 31 March 2024

172

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,270,000

NET BOOK VALUE

At 31 March 2025

1,270,000

At 31 March 2024

1,270,000

Investment properties were independently valued on 22 November 2023. The director has reviewed current market conditions and considers this valuation to remain appropriate fair value at the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

30,887

5,310

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

12,629

4,182

Other creditors

16,339

257,979

28,968

262,161

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

150,050

-

Other creditors

52,592

-

202,642

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

150,050

-

Paragon Bank PLC have a charge over the property to which the loan relates.