COLQUHOUN PROPERTIES LIMITED


Director	Audrey Elizabeth Cowan


Registered Address	3 Eskpoint
	Dalkeith
	EH22 1HW


Registered Number	SC667723 (Scotland)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,440		5,336
Investment property	4		169,460		169,460
			173,900		174,796
Current assets
Debtors	5	1,799		2,304
Cash at bank and on hand		2,672		1,940
		4,471		4,244
Creditors amounts falling due within one year	6	(71,851)		(73,773)
Net current assets (liabilities)			(67,380)		(69,529)
Total assets less current liabilities			106,520		105,267
Creditors amounts falling due after one year	7		(109,635)		(109,635)
Provisions for liabilities			(844)		(1,014)
Net assets			(3,959)		(5,382)
Capital and reserves
Called up share capital			10		10
Profit and loss account			(3,969)		(5,392)
Shareholders' funds			(3,959)		(5,382)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 September 2025, and are signed on its behalf by:

Audrey Elizabeth Cowan
Director
Registered Company No. SC667723

COLQUHOUN PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	Colquhoun 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.

	Statement of compliance
	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.

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed she will not withdraw her directors loan account to the detriment of other creditors and will continue to support the company as required.

Going concern

The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed she will not withdraw her  directors loan account to the detriment of other creditors and will continue to support the company as required.

	Turnover policy
	Income represents rents receivable in the year.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting 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 period 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.

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 period 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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixtures and Fittings: 25% reducing balance Leasehold Improvements: 15% reducing balance

	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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 August 24	8,890	772	9,662
Disposals	-	(199)	(199)
At 31 July 25	8,890	573	9,463
Depreciation and impairment
At 01 August 24	3,851	475	4,326
Charge for year	756	75	831
On disposals	-	(134)	(134)
At 31 July 25	4,607	416	5,023
Net book value
At 31 July 25	4,283	157	4,440
At 31 July 24	5,039	297	5,336

4.	Investment property


		£
	Fair value at 01 August 24	169,460
	At 31 July 25	169,460

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	1,526	2,030
Prepayments and accrued income	273	274
Total	1,799	2,304

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	84
Other creditors	70,471	72,375
Accrued liabilities and deferred income	1,380	1,314
Total	71,851	73,773

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	109,635	109,635
Total	109,635	109,635


	The mortgage is secured over the investment property.