REGISTERED NUMBER: SC409620 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Abergeldie Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V E Harris

M M Harris

REGISTERED OFFICE:

34 Albany Street

Edinburgh

EH1 3QH

REGISTERED NUMBER:

SC409620 (Scotland)

ACCOUNTANTS:

J S Accounting Services Limited

13-15 Morningside Drive

EDINBURGH

EH10 5LZ

FIXED ASSETS

Tangible assets

4

3,574,044

3,126,970

CURRENT ASSETS

Debtors

5

1,550

533,188

Cash at bank and in hand

224,335

37,106

225,885

570,294

CREDITORS

Amounts falling due within one year

6

1,788,402

1,685,869

NET CURRENT LIABILITIES

(1,562,517

)

(1,115,575

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,011,527

2,011,395

CREDITORS

Amounts falling due after more than one year

7

(1,299,219

)

(1,307,666

)

PROVISIONS FOR LIABILITIES

(15,234

)

(15,234

)

NET ASSETS

697,074

688,495

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

697,064

688,485

SHAREHOLDERS' FUNDS

697,074

688,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 30 September 2025 and were signed on its behalf by:

M M Harris - Director

1.	STATUTORY INFORMATION

Abergeldie Properties 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.

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.

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

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 November 2023

3,123,786

28,479

3,152,265

Additions

448,235

-

448,235

At 31 October 2024

3,572,021

28,479

3,600,500

DEPRECIATION

At 1 November 2023

-

25,295

25,295

Charge for year

-

1,161

1,161

At 31 October 2024

-

26,456

26,456

NET BOOK VALUE

At 31 October 2024

3,572,021

2,023

3,574,044

At 31 October 2023

3,123,786

3,184

3,126,970

Cost or valuation at 31 October 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

3,572,021

28,479

3,600,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Other debtors

1,550

533,188

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Taxation and social security

2,086

4,262

Other creditors

1,786,316

1,681,607

1,788,402

1,685,869

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Other creditors

1,299,219

1,307,666

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company is under the control of Abergeldie Holdings Limited at the year end. Mr & Mrs Harris are directors and manage the company on a day to day basis

At 31 October 2024, the company owed £1,696,199 (2023: £1,589,938) to Mr & Mrs Harris. This loan is interest free with no fixed terms of repayment and is included on other creditors.

9.	RELATED PARTY DISCLOSURES

Abergeldie Holdings Limited is a related company and at 31 October 2024 had lent the company £1,211,897 (2023: £1,130,412). The loan has no fixed terms of repayment. Mr and Mrs Harris are directors and shareholders of this company.

The company also borrowed £168,854 (2023 £177,254) from Mrs S E Harris, parent of Mr M Harris.This amount is interest free and repayable on demand over a minimum of five years.