Registration number: SC651469

Claris Property Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Claris Property Ltd

(Registration number: SC651469)
Statement of Financial Position as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	108	144
Investment property	5	480,000	480,000
		480,108	480,144
Current assets
Debtors	6	3,475	3,245
Cash at bank and in hand		20,584	1,308
		24,059	4,553
Creditors: Amounts falling due within one year	7	(117,970)	(123,876)
Net current liabilities		(93,911)	(119,323)
Total assets less current liabilities		386,197	360,821
Creditors: Amounts falling due after more than one year	7	(315,420)	(287,215)
Provisions for liabilities		(20,801)	(20,801)
Net assets		49,976	52,805
Capital and reserves
Called up share capital		1	1
Retained earnings		49,975	52,804
Shareholders' funds		49,976	52,805

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 26 September 2025
 

Claris Property Ltd

(Registration number: SC651469)
Statement of Financial Position as at 31 January 2025

......................................... B Ettershank Director

Claris Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
United Kingdom

The principal place of business is:
Ravensby Coach House
Barry
Carnoustie
Angus
DD7 7RJ

These financial statements were authorised for issue by the director on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Claris Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Claris Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	349	349
At 31 January 2025	349	349
Depreciation
At 1 February 2024	205	205
Charge for the year	36	36
At 31 January 2025	241	241
Carrying amount
At 31 January 2025	108	108
At 31 January 2024	144	144

5	Investment properties

	2025 £
At 1 February	480,000
At 31 January	480,000

There has been no valuation of investment property by an independent valuer.

Claris Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Debtors

Current	2025 £	2024 £
Other debtors	3,475	3,245
	3,475	3,245

Claris Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	5,555	5,556
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest		2,848	7,648
Accruals and deferred income		1,296	2,007
Other creditors		108,271	108,665
		117,970	123,876

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	315,420	287,215

8

Reserves

	2025		2024
	£		£
Profit and loss account - distributable reserves	(38,704)		(35,875)
Revaluation of investment property - undistributable reserves	109,480		109,480
Deferred tax on investment property - undistributable reserves	(20,801)		(20,801)
	49,975		52,804

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	315,420	287,215

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,555	5,556