REGISTERED NUMBER: SC198072 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

AKZ Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs G Levine

SECRETARY:

Mrs G Levine

REGISTERED OFFICE:

c/o Aerial Properties

53 High Street

Paisley

PA1 2AN

REGISTERED NUMBER:

SC198072 (Scotland)

ACCOUNTANTS:

Graham & Co. (Accountants) Limited

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

FIXED ASSETS

Tangible assets

4

175

305

Investment property

5

1,198,000

1,348,000

1,198,175

1,348,305

CURRENT ASSETS

Debtors

6

3,811

7,043

Investments

7

587,995

412,230

Cash at bank

337,270

335,273

929,076

754,546

CREDITORS

Amounts falling due within one year

8

21,849

30,030

NET CURRENT ASSETS

907,227

724,516

TOTAL ASSETS LESS CURRENT LIABILITIES

2,105,402

2,072,821

PROVISIONS FOR LIABILITIES

7,251

7,841

NET ASSETS

2,098,151

2,064,980

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

324,016

394,044

Retained earnings

1,774,035

1,670,836

SHAREHOLDERS' FUNDS

2,098,151

2,064,980

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 30 December 2025 and were signed by:

Mrs G Levine - Director

1.	STATUTORY INFORMATION

AKZ 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Changes to estimates and underlying assumptions are recognised in the period in which the estimate is revised, where the revision affects only that period, or in the period of the revision and future periods, where the revision affects both current and future periods.

The director is of the opinion that there are no matters of significant judgements, estimates and assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Plant and machinery etc

-

33% on cost

Impairment of fixed assets

At each reporting period end date the company reviews the carrying amounts of its tangible fixed assets

to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is estimated in order to determine the extent of the impairment loss.

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.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument. The company holds basic financial instruments which comprise, trade and other debtors, cash and cash equivalents, trade and other creditors and related party loans.

Cash and cash equivalents comprise, cash in hand and deposits held in bank.

Trade and other debtors are initially recognised at the transaction price, including any transaction costs, less any provision for impairment. At the end of each year the company assesses whether there is evidence to indicate that the company will not be able to collect all of the amount due according to the original terms of the financial asset. The amount of any provision, if required, is recognised immediately in the statement of income and retained earnings.

Trade and other creditors are initially measured at the transaction price, including any transactions costs. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.

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.

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

2,170

DEPRECIATION

At 1 April 2024

1,865

Charge for year

130

At 31 March 2025

1,995

NET BOOK VALUE

At 31 March 2025

175

At 31 March 2024

305

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,348,000

Disposals

(150,000

)

At 31 March 2025

1,198,000

NET BOOK VALUE

At 31 March 2025

1,198,000

At 31 March 2024

1,348,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

472,223

Valuation in 2023

(47,530

)

Valuation in 2024

(32,649

)

Valuation in 2025

(70,028

)

Cost

875,984

1,198,000

The investment properties were valued on a fair value basis on 31 March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

3,811

7,043

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Investment bond

587,995

412,230

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

8,260

9,791

Other creditors

13,589

20,239

21,849

30,030

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

394,044

Fair value reserve

(70,028

)

At 31 March 2025

324,016

10.	RELATED PARTY DISCLOSURES

During the period to 31 March 2025 the company was charged £15,000 for administration and management services by Aerial Property Co Ltd - (2024 - £15,000).

Other debtors included a balance due by Aerial Property Co Ltd in the amount of £3,482 - (2024 - £7,043).

Mrs G. Levine is a director and shareholder of Aerial Property Co Ltd.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mrs G.Levine who is a director.