REGISTERED NUMBER: SC631181 (Scotland)

Unaudited Financial Statements

for the Year Ended 25 September 2024

for

CAMPBELL REAL ESTATE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Campbell

A D Campbell

REGISTERED OFFICE:

Campbell Fuel Oils

Denholm Way

Kilmarnock

KA1 3LS

REGISTERED NUMBER:

SC631181 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5, Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Investments

4

628,308

1,100,600

Investment property

5

3,478,088

876,800

4,106,396

1,977,400

CURRENT ASSETS

Debtors

2,858,641

2,238,673

Cash at bank

222,889

20,513

3,081,530

2,259,186

CREDITORS

Amounts falling due within one year

3,630,026

959,521

NET CURRENT (LIABILITIES)/ASSETS

(548,496

)

1,299,665

TOTAL ASSETS LESS CURRENT LIABILITIES

3,557,900

3,277,065

CREDITORS

Amounts falling due after more than one year

525,081

-

NET ASSETS

3,032,819

3,277,065

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,032,719

3,276,965

SHAREHOLDERS' FUNDS

3,032,819

3,277,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 25 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 September 2025 and were signed on its behalf by:

D G Campbell - Director

A D Campbell - Director

1.	STATUTORY INFORMATION

Campbell Real Estate 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 recognised in profit or loss.

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.

Properties

The company's properties are held for long term investment and in accordance with FRS 102 Section 16.

i) Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit & loss as a non-distributable reserve; and

ii) No depreciation or amortisation is provided in respect of investment properties.

Included in the Retained Earnings is a non-distributable reserve of £73,200 (2023: £nil).

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 26 September 2023

1,100,600

Additions

50

Disposals

(300,600

)

Revaluations

(171,742

)

At 25 September 2024

628,308

NET BOOK VALUE

At 25 September 2024

628,308

At 25 September 2023

1,100,600

Cost or valuation at 25 September 2024 is represented by:

Totals

£

Valuation in 2024

(171,742

)

Cost

800,050

628,308

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 26 September 2023

876,800

Additions

2,528,088

Revaluations

73,200

At 25 September 2024

3,478,088

NET BOOK VALUE

At 25 September 2024

3,478,088

At 25 September 2023

876,800

Fair value at 25 September 2024 is represented by:

£

Valuation in 2024

73,200

Cost

3,404,888

3,478,088

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

25.9.24

25.9.23

£

£

Cost

3,404,888

876,800

Aggregate depreciation

(371,040

)

(197,500

)

Investment Properties were valued on an open market basis on 30 September 2024 by the directors .

Deferred tax has been provided for should the investment properties be realised at the revalued amount.