REGISTERED NUMBER: SC419304 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DEAKIN PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K H Cromar

REGISTERED OFFICE:

7 Kinnaird Avenue

Newton Mearns

Glasgow

G77 5EL

REGISTERED NUMBER:

SC419304 (Scotland)

ACCOUNTANTS:

John M Taylor & Co

Chartered Accountants

9 Glasgow Road

PAISLEY

Renfrewshire

PA1 3QS

FIXED ASSETS

943

Tangible assets

5

802

1,400,000

Investment property

6

1,435,000

1,400,943

1,435,802

CURRENT ASSETS

846

Debtors

7

991

1,076

Cash at bank

2,910

1,922

3,901

CREDITORS

51,596

Amounts falling due within one year

8

57,225

(49,674

)

NET CURRENT LIABILITIES

(53,324

)

1,351,269

TOTAL ASSETS LESS CURRENT LIABILITIES

1,382,478

CREDITORS

(953,100

)

Amounts falling due after more than one year

9

(972,409

)

(51,621

)

PROVISIONS FOR LIABILITIES

(58,271

)

346,548

NET ASSETS

351,798

CAPITAL AND RESERVES

100

Called up share capital

100

294,626

Fair value reserve

11

322,976

51,822

Retained earnings

28,722

346,548

SHAREHOLDERS' FUNDS

351,798

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 her 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 23 December 2025 and were signed by:

Mrs K H Cromar - Director

1.	STATUTORY INFORMATION

Deakin 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The significant policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents the total amount of rent due for the period.

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.

Fixtures and fittings

-

15% on reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.

Revaluations are conducted annually by the director.

Taxation

Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

2,256

DEPRECIATION

At 1 April 2024

1,313

Charge for year

141

At 31 March 2025

1,454

NET BOOK VALUE

At 31 March 2025

802

At 31 March 2024

943

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,400,000

Revaluations

35,000

At 31 March 2025

1,435,000

NET BOOK VALUE

At 31 March 2025

1,435,000

At 31 March 2024

1,400,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

311,247

Valuation in 2024

35,000

Valuation in 2025

35,000

Cost

1,053,753

1,435,000

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

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

991

846

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

38,553

41,882

Trade creditors

2,938

-

Taxation and social security

9,185

1,572

Other creditors

6,549

8,142

57,225

51,596

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

429,854

478,231

Other creditors

542,555

474,869

972,409

953,100

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

285,608

318,070

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

468,407

520,113

The Mortgage Works (UK) PLC holds standard securities over two of the investment properties. The Bank of Scotland holds standard security over one of the investment properties. Charter Court Financial Services Ltd (t/a Precise Mortgages) hold standard securities over three investment properties.

11.

RESERVES

Fair value

reserve

£

At 1 April 2024

294,626

Transfer to/from fair value

reserve

28,350

At 31 March 2025

322,976

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K H Cromar.