Company registration number SC812177 (Scotland)
CGT PROPERTIES (SCOTLAND) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
CGT PROPERTIES (SCOTLAND) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CGT PROPERTIES (SCOTLAND) LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investment property
4
56,794
Current assets
Debtors
5
21
Cash at bank and in hand
25,635
25,656
Creditors: amounts falling due within one year
6
(22,977)
Net current assets
2,679
Total assets less current liabilities
59,473
Creditors: amounts falling due after more than one year
7
(61,850)
Net liabilities
(2,377)
Capital and reserves
Called up share capital
8
100
Profit and loss reserves
(2,477)
Total equity
(2,377)

For the financial period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 November 2025
Mr C G Turnbull
Director
Company registration number SC812177 (Scotland)
CGT PROPERTIES (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

CGT Properties (Scotland) Limited is a private company limited by shares incorporated in Scotland. The registered office is Stannergate House, 41 Dundee Road West, Broughty Ferry, Dundee, Scotland, DD5 1NB.

1.1
Reporting period

FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Going concern

The company made a loss for the year of £2,477and had net liabilities of £2,377.true

The director consider s that the going concern basis is still applicable for the preparation of the financial statements as the ability of the company to continue to trade is depend a nt on the support from the lenders.

1.4
Turnover

The turnover shown in the statement of income and retained earnings represents property rental amounts charged during the year.

1.5
Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

This is in accordance with the FRS 102 1A which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Companies Act 2006 is required in order to give a true and fair view.

CGT PROPERTIES (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

CGT PROPERTIES (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
1
4
Investment property
2025
£
Fair value
At 30 May 2024
-
0
Additions
56,794
At 31 May 2025
56,794

During the year, the director revalued the company's investment property y on an open market basis.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
£
Cost
56,794
Accumulated depreciation
-
Carrying amount
56,794

CGT PROPERTIES (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 5 -
5
Debtors
2025
Amounts falling due within one year:
£
Prepayments and accrued income
21
6
Creditors: amounts falling due within one year
2025
£
Other creditors
21,957
Accruals and deferred income
1,020
22,977
7
Creditors: amounts falling due after more than one year
2025
Notes
£
Bank loans and overdrafts
61,850

Included within creditors: amounts falling due after more than one year is an amount of £61,580 in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

8
Share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
9
Directors' transactions

The company was under the control of the company director during the period.

At the year end Mr C G Turnbull was due to be repaid £21,957. The loan is interest free and will be repaid when the company has sufficient funds.

2025-05-31 2024-05-30 false false false 28 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr C G Turnbull SC812177 2024-05-30 2025-05-31 SC812177 2025-05-31 SC812177 core:WithinOneYear 2025-05-31 SC812177 core:AfterOneYear 2025-05-31 SC812177 core:CurrentFinancialInstruments 2025-05-31 SC812177 core:ShareCapital 2025-05-31 SC812177 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC812177 core:ShareCapitalOrdinaryShareClass1 2025-05-31 SC812177 bus:Director1 2024-05-30 2025-05-31 SC812177 2024-05-29 SC812177 core:Non-currentFinancialInstruments 2025-05-31 SC812177 bus:OrdinaryShareClass1 2024-05-30 2025-05-31 SC812177 bus:OrdinaryShareClass1 2025-05-31 SC812177 bus:PrivateLimitedCompanyLtd 2024-05-30 2025-05-31 SC812177 bus:SmallCompaniesRegimeForAccounts 2024-05-30 2025-05-31 SC812177 bus:FRS102 2024-05-30 2025-05-31 SC812177 bus:AuditExemptWithAccountantsReport 2024-05-30 2025-05-31 SC812177 bus:FullAccounts 2024-05-30 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP