REGISTERED NUMBER: SC690387 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Ayrshire SC Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Campbell

REGISTERED OFFICE:

Unit 2

Cambuslea Industrial Estate

2 Cambuslea Road

Ayr

KA8 9HT

REGISTERED NUMBER:

SC690387 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Investment property

3

424,668

246,331

CURRENT ASSETS

Debtors

4

1,189

3,135

Cash at bank

19,764

92,792

20,953

95,927

CREDITORS

Amounts falling due within one year

5

3,084

61,839

NET CURRENT ASSETS

17,869

34,088

TOTAL ASSETS LESS CURRENT LIABILITIES

442,537

280,419

CREDITORS

Amounts falling due after more than one year

6

540,809

336,213

NET LIABILITIES

(98,272

)

(55,794

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(98,372

)

(55,894

)

SHAREHOLDERS' FUNDS

(98,272

)

(55,794

)

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 29 November 2025 and were signed by:

C Campbell - Director

1.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

As at the balance sheet date, the company had negative distributable reserves.

The directors continue to support the company, allowing it to meet its liabilities as they fall due, and as such believe it is appropriate for the financial statements to be prepared on a going concern basis.

2.	EMPLOYEES AND DIRECTORS

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

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

246,331

Additions

178,337

At 28 February 2025

424,668

NET BOOK VALUE

At 28 February 2025

424,668

At 28 February 2024

246,331

The 2025 valuations were made by the director on an open market value for existing use basis.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

1,189

1,528

Other debtors

-

1,000

VAT

-

607

1,189

3,135

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Other loans (see note 7)

-

45,000

Trade creditors

-

691

VAT

2,564

-

Other loan

-

12,078

Deferred income

-

3,550

Accrued expenses

520

520

3,084

61,839

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Other loans (see note 7)

373,198

164,472

Amounts owed to associates

157,137

121,986

Directors' loan accounts

10,474

49,755

540,809

336,213

7.

LOANS

An analysis of the maturity of loans is given below:

28.2.25

28.2.24

£

£

Amounts falling due within one year or on demand:

Other loans

-

45,000

Amounts falling due between one and two years:

Other loans - 1-2 years

33,761

-

Amounts falling due between two and five years:

Other loans - 2-5 years

339,437

164,472

8.	SECURED DEBTS

Paratus AMC Limited holds a fixed charge over the company. Together Commercial Finance Limited holds a floating and fixed charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

28.2.24

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 29 February 2024

(55,894

)

Deficit for the year

(42,478

)

At 28 February 2025

(98,372

)

11.	RELATED PARTY DISCLOSURES

Amounts due from group undertakings of £157,137 are unsecured and interest-free.