Celtic Deal No 4 Limited Financials - SC799930

These financial statements and reports have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the statement of comprehensive income and retained earnings has been taken.

For the 11 month period ended 31 December 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its accounts for the 11 month period ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect of accounting records and the preparation of accounts.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025.

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The notes on pages preview to update form part of these accounts.

Company registration number: SC799930

CELTIC DEAL NO 4 LIMITED

Filleted Financial Statements for the 11 month period ended 31 December 2024

NOTES TO THE FINANCIAL STATEMENTS

Summary of significant accounting policies

1.1

General information and basis of preparation

The financial statements have been prepared on the historical cost basis.

Celtic Deal No 4 Limited is a private company limited by shares, registered in Scotland. The address of the registered office and registration number are as below:

These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.

The nature of the company's operations and principal activities is that of a property investment company.

The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.

The company has a net liabilites position of £39,302 as at 31 December 2024. The director is commited to providing the company with loan facilities to meet the company's operational cashflow requirements. Therefore, The financial statements are prepared on a going concern basis and comply with the financial reporting standards of FRC including FRS102, "The Financial Reporting Standards applicable in the UK and Ireland" as adapted by Section 1A.

1.2

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

1.3

Financial instruments

Other financial assets

Other financial assets, including trade debtors for goods sold to customers on short-term credit, are initially measured at the transaction price including transaction costs, and are subsequently measured at the transaction price plus transaction costs not yet recognised, cumulative interest income less repayments and impairment, where there is evidence of impairment.

Other financial liabilities

Other financial liabilities, including trade creditors, are initially measured at transaction price less transaction costs, and are subsequently measured at the transaction price less transaction costs not yet recognised in profit or loss and repayments plus cumulative interest expenses incurred.

Impairment of financial assets

At the end of each reporting period, the company assesses whether there is evidence of impairment of any financial assets, including investments, loans, trade debtors and cash. If there is evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.

CELTIC DEAL NO 4 LIMITED

Filleted Financial Statements for the 11 month period ended 31 December 2024

NOTES TO THE FINANCIAL STATEMENTS

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

1.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

CELTIC DEAL NO 4 LIMITED

Filleted Financial Statements for the 11 month period ended 31 December 2024

NOTES TO THE FINANCIAL STATEMENTS

Balances at year end and movements for the year

Investment property £

Additions

1,667,234

At 31 December 2024

1,667,234

At 21 February 2024

At 31 December 2024

1,667,234

Investment property was not revalued by an independent valuer at year end as the director believes the cost accurately represents the fair market value as at 31 December 2024. The company entered into an agreement on 21 February 2024 to purchase six properties for a total consideration of £1,599,000. As at 31 December 2024, two properties valued at £362,000 each were completed and paid whilst £875,000 remains payable under this agreement for the remaining four properties and is inlcuded as part of other creditors.

Amounts falling due within one year

Creditors: amounts falling due within one year

Creditors: amounts falling due within one year comprise:

Other creditors

1,703,156

CELTIC DEAL NO 4 LIMITED

Filleted Financial Statements for the 11 month period ended 31 December 2024

NOTES TO THE FINANCIAL STATEMENTS

Called up share capital

Authorised

2024 Number

Ordinary shares of £1.00 each

100

Alloted, called up and fully paid

2024 £

Ordinary shares of £1.00 each

100

Directors' loans, credits and guarantees

Included in other creditors is an outstanding loan due to the director of £828,156. During the year, no interest was charged on the loan balance. The loan is repayable on demand.