REGISTERED NUMBER: SC319801 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Clachan Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Hancock

REGISTERED OFFICE:

Office 34, Hercules House

Eskmills

Musselburgh

EH21 7PB

REGISTERED NUMBER:

SC319801 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Tangible assets

4

1,027

1,102

Investment property

5

2,775,000

2,473,677

2,776,027

2,474,779

CURRENT ASSETS

Debtors

6

1,117

1,154

Cash at bank

111,699

29,371

112,816

30,525

CREDITORS

Amounts falling due within one year

7

137,392

216,066

NET CURRENT LIABILITIES

(24,576

)

(185,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,751,451

2,289,238

CREDITORS

Amounts falling due after more than one year

8

(1,435,000

)

(1,214,092

)

PROVISIONS FOR LIABILITIES

9

(116,566

)

(69,329

)

NET ASSETS

1,199,885

1,005,817

CAPITAL AND RESERVES

Called up share capital

10

3

3

Revaluation reserve

498,719

298,172

Retained earnings

701,163

707,642

SHAREHOLDERS' FUNDS

1,199,885

1,005,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 October 2025 and were signed by:

M J Hancock - Director

1.	STATUTORY INFORMATION

Clachan 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.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors and the bank.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write of the cost, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Computer Equipment - 25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment properties are measured at fair value annually with any change recognised in the profit and loss account.

In accordance with Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties held as investment properties. This is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. Such properties are held for investment and not for consumption, and the directors consider that to depreciate them would not give a true and fair view.

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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

2,204

-

2,204

Additions

-

595

595

At 31 March 2025

2,204

595

2,799

DEPRECIATION

At 1 April 2024

1,102

-

1,102

Charge for year

551

119

670

At 31 March 2025

1,653

119

1,772

NET BOOK VALUE

At 31 March 2025

551

476

1,027

At 31 March 2024

1,102

-

1,102

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,473,677

Revaluations

301,323

At 31 March 2025

2,775,000

NET BOOK VALUE

At 31 March 2025

2,775,000

At 31 March 2024

2,473,677

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

2,775,000

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

31.3.25

31.3.24

£

£

Cost

2,108,086

2,108,086

Investment properties were valued on an open market basis on 24 April 2024 by Shepherd, Chartered Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

1,117

1,154

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

28,056

Taxation and social security

-

8,583

Other creditors

137,392

179,427

137,392

216,066

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,435,000

1,214,092

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,435,000

-

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

116,566

69,329

Deferred

tax

£

Balance at 1 April 2024

69,329

Provided during year

47,237

Balance at 31 March 2025

116,566

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

3

Ordinary Shares

£1

3

3

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2025 the company owed the director £124,078 (2024: £172,531).

12.	RELATED PARTY DISCLOSURES

Type of Transaction

Movement in the year ended 31.03.25

Movement in the year ended 31.03.24

Balance receivable from/(payable to) related party as at 31.03.25

Balance receivable from/(payable to) related party as at 31.03.24

£

£

£

£

Entities over which the company has control, joint control or significant influence

Purchases

53,734

147,000

-

-

Purchase of property

-

90,000

-

-

The director of Clachan Properties Limited is also the director of the above related party.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Hancock.