Blair Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC510349

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,167		14,167
Tangible Assets	5		1,893		2,990

			6,060		17,157
CURRENT ASSETS
Debtors	6	10,501		8,539
Cash at bank and in hand		22,796		36,808

		33,297		45,347
Creditors: Amounts Falling Due Within One Year	7	(115,434 )		(118,875 )

NET CURRENT ASSETS (LIABILITIES)			(82,137 )		(73,528 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(76,077 )		(56,371 )

Creditors: Amounts Falling Due After More Than One Year	8		(752 )		(4,770 )

NET LIABILITIES			(76,829 )		(61,141 )

CAPITAL AND RESERVES
Called up share capital	9		50		50
Profit and Loss Account			(76,879 )		(61,191 )

SHAREHOLDERS' FUNDS			(76,829)		(61,141)

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Blair Properties Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms K R Blair

Director

30 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Blair Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC510349 . The registered office is 36 Bruntsfield Place, Edinburgh, EH10 4HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has carried out an assessment of the going concern position of the Company, including consideration of the company's net liability position. With her continued support, the director has concluded that they have a reasonable expectation that the Company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development costs. They are amortised to profit and loss account over its estimated economic life of 5 years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Straight Line

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Blair Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2024	100,000	6,527	106,527

As at 31 March 2025	100,000	6,527	106,527

Amortisation
As at 1 April 2024	85,833	6,527	92,360
Provided during the period	10,000	-	10,000

As at 31 March 2025	95,833	6,527	102,360

Net Book Value
As at 31 March 2025	4,167	-	4,167

As at 1 April 2024	14,167	-	14,167

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	7,722

As at 31 March 2025	7,722

Depreciation
As at 1 April 2024	4,732
Provided during the period	1,097

As at 31 March 2025	5,829

Net Book Value
As at 31 March 2025	1,893

As at 1 April 2024	2,990

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Blair Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,696	4,507
Other debtors	696	23
Director's loan account	4,109	4,009

	10,501	8,539

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,051	2,832
Bank loans and overdrafts	4,444	4,445
Corporation tax	5,876	3,926
Other creditors	84,057	77,339
Accruals and deferred income	19,006	30,333

	115,434	118,875

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	752	4,770

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50	50

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