ACCOUNTS - Final Accounts

Registered number: SC033427

NELSON PROPERTIES (DUNDEE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

NELSON PROPERTIES (DUNDEE) LIMITED

COMPANY INFORMATION

Directors	Mrs K K Burnett
	Mrs W A Burnett
	Mr G M Burnett
	Mr L D Burnett
	Mr R S Burnett


Company secretary	Mr R S Burnett


Registered number	SC033427


Registered office	Laphroaig
	Ardler Road
	Meigle
	Blairgowrie
	Angus
	PH12 8RY


Accountants	EQ Accountants Limited
	Chartered Accountants
	14 City Quay
	Dundee
	DD1 3JA

NELSON PROPERTIES (DUNDEE) LIMITED

REGISTERED NUMBER: SC033427

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

		2025		2024
		£		£

Fixed assets
Investment property	4		486,666		963,333
			486,666		963,333
Current assets
Debtors: amounts falling due within one year	5	1,864		3,772
Bank & cash balances		344,603		33,721
		346,467		37,493
Creditors: amounts falling due within one year	6	(225,835)		(35,132)
Net current assets			120,632		2,361
Total assets less current liabilities			607,298		965,694
Creditors: amounts falling due after more than one year	7		-		(227,399)
Provisions for liabilities
Deferred Tax		-		(71,908)
			-		(71,908)
Net assets			607,298		666,387

Capital and reserves
Called up share capital	8	1,002	1,002
Revaluation reserve		17,593	285,246
Profit and loss account		588,703	380,139
		607,298	666,387

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NELSON PROPERTIES (DUNDEE) LIMITED

REGISTERED NUMBER: SC033427

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2025.

Mr R S Burnett

Director

The notes on pages 4 to 7 form part of these financial statements.

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		NELSON PROPERTIES (DUNDEE) LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 July 2023	1,002	289,644	352,447	643,093

Profit for the year	-	-	38,294	38,294
Surplus on revaluation of freehold property	-	-	4,398	4,398
Dividends: Equity capital	-	-	(15,000)	(15,000)
Transfer to/from profit and loss account	-	(4,398)	-	(4,398)

At 1 July 2024	1,002	285,246	380,139	666,387

Profit for the year	-	-	60,911	60,911
Surplus on revaluation of freehold property	-	-	267,653	267,653
Dividends: Equity capital	-	-	(120,000)	(120,000)
Transfer to/from profit and loss account	-	(267,653)	-	(267,653)
At 30 June 2025	1,002	17,593	588,703	607,298

The notes on pages 4 to 7 form part of these financial statements.

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NELSON PROPERTIES (DUNDEE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

Nelson Properties (Dundee) Limited is a private company, limited by shares, domiciled in Scotland with registration number SC033427. The registered office is Laphroaig, Ardler Road, Meigle, Blairgowrie, PH12 8RY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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NELSON PROPERTIES (DUNDEE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

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NELSON PROPERTIES (DUNDEE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 July 2024	963,333
	Disposals	(476,667)
	At 30 June 2025	486,666

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

Debtors

					2025	2024
					£	£


Trade debtors	-	2,574
Called up share capital not paid	2	2
Prepayments and accrued income	1,862	1,196
	1,864	3,772

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	-	13,964
Trade creditors	1,599	1,742
Other taxation and social security	92,084	9,078
Other creditors	126,032	1,100
Accruals and deferred income	6,120	9,248
	225,835	35,132

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	227,399
	-	227,399

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NELSON PROPERTIES (DUNDEE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

8.	Share capital
		2025	2024
		£	£

Allotted and called up

1,002 (2024 - 1,002) Ordinary shares of £1.00 each	1,002	1,002

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