REGISTERED NUMBER: SC804872 (Scotland)

Unaudited Financial Statements

for the Period 28 March 2024 to 31 March 2025

for

Cullross Commercial Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Beaton

R Fletcher

R A Mumford

REGISTERED OFFICE:

C/o Brodies Llp Capital Square

58 Morrison Street

Edinburgh

United Kingdom

EH3 8BP

REGISTERED NUMBER:

SC804872 (Scotland)

FIXED ASSETS

Investment property

4

348,103

CURRENT ASSETS

Debtors

5

255

Cash at bank

500

755

CREDITORS

Amounts falling due within one year

6

348,758

NET CURRENT LIABILITIES

(348,003

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100

CAPITAL AND RESERVES

Called up share capital

100

100

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

R A Mumford - Director

1.	STATUTORY INFORMATION

Cullross Commercial 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.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation.

Measurement while under construction: Where fair value cannot be measured reliably during construction, investment property is measured at cost, comprising purchase price and directly attributable costs (including professional fees, construction services, site preparation and other costs necessary to bring the asset to its intended condition).

Subsequent measurement: When construction is complete and fair value can be measured reliably, the property is measured at fair value, with changes recognised in the income statement in the period they arise.

Valuation basis: Fair values are determined by reference to market evidence and/or external professional valuations where appropriate. Where fair value cannot be determined reliably, investment property continues to be measured at cost less impairment.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Additions

348,103

At 31 March 2025

348,103

NET BOOK VALUE

At 31 March 2025

348,103

At the reporting date, the property remained under construction and the directors concluded that fair value could not be measured reliably. This conclusion is based on the absence of observable market evidence for properties at a similar stage of construction and the high variability in cash flow assumptions required. The company will adopt fair value measurement with changes recognised in income statement when construction completes and fair value becomes reliably measurable.

Cost or valuation at 31 March 2025 is represented by:

£

Valuation in 2025

348,103

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

255

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to associates

281,433

Other creditors

67,325

348,758