Shotts Business Park Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC688019 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Shotts Business Park Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

J R McCulloch

REGISTERED OFFICE:

Pottishaw Place Whitehill Industrial Est

Bathgate

West Lothian

EH48 2EN

REGISTERED NUMBER:

SC688019 (Scotland)

ACCOUNTANTS:

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

FIXED ASSETS

Tangible assets

5

371,705

337,906

Investment property

6

1,239,668

1,611,373

1,577,574

CURRENT ASSETS

Debtors

7

114,102

90,777

Cash at bank and in hand

777,173

242,660

891,275

333,437

CREDITORS

Amounts falling due within one year

8

684,311

25,289

NET CURRENT ASSETS

206,964

308,148

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,818,337

1,885,722

CREDITORS

Amounts falling due after more than one
year

9

(1,385,527

)

(1,603,027

)

PROVISIONS FOR LIABILITIES

(88,855

)

(52,795

)

NET ASSETS

343,955

229,900

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

343,855

229,800

SHAREHOLDERS' FUNDS

343,955

229,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 20 August 2025 and were signed by:

J R McCulloch - Director

1.	STATUTORY INFORMATION

Shotts Business Park Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on a going concern basis which is dependent on the support of the company's related party whilst the works are ongoing on the investment property.

Turnover

Turnover is derived from rents received.

Turnover is measured at the fair value of rents received, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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

-

20% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Investment property

Investment property is shown at cost whilst extensive repair and renovation works are on going. No depreciation is provided on the investment property whilst the works are being carried out.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

450,724

Additions

160,500

Disposals

(51,560

)

At 28 February 2025

559,664

DEPRECIATION

At 1 March 2024

112,818

Charge for year

76,193

Eliminated on disposal

(1,052

)

At 28 February 2025

187,959

NET BOOK VALUE

At 28 February 2025

371,705

At 29 February 2024

337,906

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

1,239,668

NET BOOK VALUE

At 28 February 2025

1,239,668

At 29 February 2024

1,239,668

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

97,134

58,286

Other debtors

16,968

VAT

-

15,523

114,102

90,777

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

304,394

(1,946

)

Tax

19,248

3,039

VAT

23,973

-

Accrued expenses

336,696

24,196

684,311

25,289

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other creditors

1,385,527

1,603,027

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

11.	RELATED PARTY DISCLOSURES

The company is a related party with Dem-master Demolition Ltd, a company with a common director/shareholder.

During the year the company was charged £270,000 (2024 - £520,000) for works carried out at the company's investment property.The charges were on normal commercial terms. Also, the company repaid £307,500, (2024 - £174,000) of loans in the year. At the year end, the balance due to Dem-master Demolition Ltd was £1,440,527 (2024- £1,748,027). The loans are interest free with no fixed repayment date.

The company is a related party with Total Recycling Ltd, a company with a common director/shareholder.

During the year the company advanced £NIL (2024 - £75,000). At the year end, the balance due to Shotts Business Park Ltd was £75,000 (2023- £75,000).

The company is a related party with Robinson & Birdsell Ltd Ltd, a company with a common director/shareholder.

During the year the company received £217,500 and repaid loans of £287,500 (2024 - £70,000). At the year end, the balance due to Shotts Business Park Ltd was £NIL (2024- £70,000).

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shotts Business Park Ltd for the year ended 28 February 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Shotts Business Park Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shotts Business Park Ltd and state those matters that we have agreed to state to the director of Shotts Business Park Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Shotts Business Park Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shotts Business Park Ltd. You consider that Shotts Business Park Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shotts Business Park Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

20 August 2025