REGISTERED NUMBER: SC041019 (Scotland)

Financial Statements

for the Year Ended 31 March 2025

for

Ecosse Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Silver

REGISTERED OFFICE:

16 Guthrie Court

Gleneagles Village

Auchterarder

PH3 1SD

REGISTERED NUMBER:

SC041019 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

310,000

375,000

310,000

375,000

CURRENT ASSETS

Debtors

6

240,236

252,978

Investments

7

206

206

Cash at bank

2,624

5,499

243,066

258,683

CREDITORS

Amounts falling due within one year

8

27,965

38,226

NET CURRENT ASSETS

215,101

220,457

TOTAL ASSETS LESS CURRENT LIABILITIES

525,101

595,457

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

72,980

110,107

Retained earnings

452,021

485,250

SHAREHOLDERS' FUNDS

525,101

595,457

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 2 December 2025 and were signed by:

S M Silver - Director

1.	STATUTORY INFORMATION

Ecosse Properties Limited 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 as modified by the revaluation of certain assets.

Turnover

Gross rents received and receivable from properties are included in the profit & loss account on the basis that credit is taken when these rents fall due for payment.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

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.

Investments

Investments are stated at their fair value based on open market prices at the balance sheet date.

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 are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash held with banks.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

718

DEPRECIATION

At 1 April 2024

and 31 March 2025

718

NET BOOK VALUE

At 31 March 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

375,000

Disposals

(65,000

)

At 31 March 2025

310,000

NET BOOK VALUE

At 31 March 2025

310,000

At 31 March 2024

375,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 1994

19,627

Valuation in 1996

23,627

Valuation in 2008

235,349

Valuation in 2012

(90,000

)

Valuation in 2021

(237,500

)

Valuation in 2024

25,000

Cost

333,897

310,000

Investment property was valued by the director on a fair value basis on 31 March 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

240,236

252,978

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

206

206

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

3,000

2,750

Taxation and social security

16,204

22,012

Other creditors

8,761

13,464

27,965

38,226

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

110,107

Transfer on sale of property

(37,127

)

At 31 March 2025

72,980

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

S M Silver

Balance outstanding at start of year

205,786

186,580

Amounts advanced

65,883

91,788

Amounts repaid

(74,562

)

(72,582

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

197,107

205,786

Interest is charged at 2.25% on debit balances.