REGISTERED NUMBER: SC395407 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

POLSON PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Polson

K Polson

REGISTERED OFFICE:

5 Carden Place

Aberdeen

AB10 1UT

REGISTERED NUMBER:

SC395407 (Scotland)

ACCOUNTANTS:

Infinity Advisors Limited t/a Infinity Partnership

5 Carden Place

Aberdeen

AB10 1UT

FIXED ASSETS

Tangible assets

4

137,053

277,999

Investment property

5

7,309,743

7,309,743

7,446,796

7,587,742

CURRENT ASSETS

Debtors

6

93,444

500,168

Cash at bank

912,910

4,004,866

1,006,354

4,505,034

CREDITORS

Amounts falling due within one year

7

7,653,257

11,206,251

NET CURRENT LIABILITIES

(6,646,903

)

(6,701,217

)

TOTAL ASSETS LESS CURRENT LIABILITIES

799,893

886,525

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

799,891

886,523

SHAREHOLDERS' FUNDS

799,893

886,525

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 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 7 November 2025 and were signed on its behalf by:

A Polson - Director

1.	STATUTORY INFORMATION

Polson 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Plant and machinery

-

33% on cost and 20% on cost

Investment property

In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been changed cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

792,161

2,840

795,001

Additions

134,210

-

134,210

Disposals

(315,735

)

-

(315,735

)

At 31 March 2025

610,636

2,840

613,476

DEPRECIATION

At 1 April 2024

514,162

2,840

517,002

Charge for year

5,352

-

5,352

Eliminated on disposal

(45,931

)

-

(45,931

)

At 31 March 2025

473,583

2,840

476,423

NET BOOK VALUE

At 31 March 2025

137,053

-

137,053

At 31 March 2024

277,999

-

277,999

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

7,309,743

NET BOOK VALUE

At 31 March 2025

7,309,743

At 31 March 2024

7,309,743

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

88,561

63,836

Other debtors

4,883

436,332

93,444

500,168

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,793

108,540

Amounts owed to group undertakings

2,426,899

2,421,957

Taxation and social security

479

48,055

Other creditors

5,223,086

8,627,699

7,653,257

11,206,251

8.	RELATED PARTY DISCLOSURES

During the year the company was charged £940,000 (2024 - £650,000) by Andrew Polson Limited, a company with common directors, in respect of management charges. As at the 31 March 2025 the amount due to Andrew Polson Limited was £2,426,899.16 (2024 - £2,421,957).

9.	ULTIMATE CONTROLLING PARTY