Registration number: SC453426

A3 Properties Limited

(Registration number: SC453426)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	154,875	178,904
Current assets
Debtors	5	84,648	5,579
Cash at bank and in hand		89,041	163,251
		173,689	168,830
Creditors : due within one year	6	(79,302)	(106,002)
Net current assets		94,387	62,828
Total assets less current liabilities		249,262	241,732
Creditors: Amounts falling due after more than one year	6	-	(4,561)
Net assets		249,262	237,171
Capital and reserves
Called up share capital	7	200	200
Profit and loss account		249,062	236,971
Total equity		249,262	237,171

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

A3 Properties Limited

(Registration number: SC453426)
Balance Sheet as at 30 June 2025

Approved and authorised by the director on 15 August 2025
 

.........................................

Mr Peter Andrew McKeown

Director

A3 Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is: 6 Chapelton Gardens, Bearsden, Glasgow, G61 2DH.

These financial statements were authorised for issue by the director on 15 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Rental income is recognised upon receipt. Interest receivable is recognised using the effective interest method.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

A3 Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Asset class	Depreciation method and rate
Leasehold	1% straight line
Fixtures and Fittings	10% straight line
Equipment	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

A3 Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 July 2024	40,955	268,848	25,634	335,437
Additions	-	5,631	240	5,871
At 30 June 2025	40,955	274,479	25,874	341,308
Depreciation
At 1 July 2024	2,355	138,516	15,662	156,533
Charge for the year	410	27,448	2,042	29,900
At 30 June 2025	2,765	165,964	17,704	186,433
Carrying amount
At 30 June 2025	38,190	108,515	8,170	154,875
At 30 June 2024	38,600	130,332	9,972	178,904

Included within the net book value of land and buildings above is £38,190 (2024 - £38,600) in respect of long leasehold land and buildings.
 

5

Debtors

	2025 £	2024 £
Prepayments	3,934	5,579
Other debtors	80,714	-
	84,648	5,579

A3 Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6

Creditors

	2025 £	2024 £
Due within one year
Bank loans and overdrafts	4,583	15,000
Due to parent undertakings	4,232	17,500
Other creditors	13,537	28,390
Directors loan account	-	340
Accruals	4,180	5,080
Corporation tax	52,770	39,692
	79,302	106,002
Due after one year
Loans and borrowings	-	4,561

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	200	200	200	200