REGISTERED NUMBER: SC588736 (Scotland)

Unaudited Financial Statements

For The Period 1 March 2024 to 31 March 2025

for

Blu Banana Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Ambrose

Mrs M Ambrose

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC588736 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Investment property

4

617,155

617,155

CURRENT ASSETS

Debtors

5

795

-

Cash at bank

31,899

14,204

32,694

14,204

CREDITORS

Amounts falling due within one year

6

7,238

458,676

NET CURRENT ASSETS/(LIABILITIES)

25,456

(444,472

)

TOTAL ASSETS LESS CURRENT LIABILITIES

642,611

172,683

CREDITORS

Amounts falling due after more than one year

7

(451,860

)

-

PROVISIONS FOR LIABILITIES

8

(20,987

)

(15,950

)

NET ASSETS

169,764

156,733

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

78,913

83,950

Retained earnings

90,751

72,683

SHAREHOLDERS' FUNDS

169,764

156,733

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 11 November 2025 and were signed on its behalf by:

Mrs M Ambrose - Director

1.	STATUTORY INFORMATION

Blu Banana Properties 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

Taxation

Taxation for the period 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 31 March 2025

617,155

NET BOOK VALUE

At 31 March 2025

617,155

At 29 February 2024

617,155

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

29.2.24

£

£

Other debtors

795

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

29.2.24

£

£

Amounts owed to associates

1,330

-

Taxation and social security

4,379

5,297

Other creditors

1,529

453,379

7,238

458,676

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

29.2.24

£

£

Other creditors

451,860

-

8.	PROVISIONS FOR LIABILITIES

31.3.25

29.2.24

£

£

Deferred tax

20,987

15,950

Deferred

tax

£

Balance at 1 March 2024

15,950

Provided during period

5,037

Balance at 31 March 2025

20,987

9.

RESERVES

Fair

value

reserve

£

At 1 March 2024

83,950

Deferred tax on revaluation

(5,037

)

At 31 March 2025

78,913