REGISTERED NUMBER: SC356079 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

BRACADALE PROPERTIES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J Hoy

SECRETARY:

Mrs M L Hoy

REGISTERED OFFICE:

8 Kestrel Court

Carnbroe

Lanarkshire

ML5 4UR

REGISTERED NUMBER:

SC356079 (Scotland)

ACCOUNTANTS:

Profit Counts Limited

13 Glasgow Road

Paisley

Renfrewshire

PA1 3QS

FIXED ASSETS

Investment property

4

120,000

120,000

TOTAL ASSETS LESS CURRENT LIABILITIES

120,000

120,000

CREDITORS

Amounts falling due after more than one year

5

(200,803

)

(200,803

)

NET LIABILITIES

(80,803

)

(80,803

)

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

6

(80,000

)

(80,000

)

Retained earnings

(804

)

(804

)

SHAREHOLDERS' FUNDS

(80,803

)

(80,803

)

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 his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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:

Mr J Hoy - Director

1.	STATUTORY INFORMATION

Bracadale Properties Ltd 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.

The financial statements have been prepared on a going concern basis as the director believes that with his continued support, the company can continue as a going concern.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

120,000

NET BOOK VALUE

At 31 March 2025

120,000

At 31 March 2024

120,000

Cost or valuation at 31 March 2023 is represented by:

£

Cost

200,000

Revaluation in 2012

(70,000

)

Revaluation in 2020

(10,000

)

120,000

The property was revalued during the year ending April 2012 to £130,000 by Graham & Sibbald surveyors. The property was revalued again in July 2020 to £120,000 by Falconer Property Consultants. The directors believe this represents fair market value at 31 March 2025.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

200,803

200,803

6.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

(80,000

)

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 March 2025 there was a balance owed by the company to Mr John Hoy of £200,803 (2024: £200,803). This has been included in long term loans. There is no interest chargeable on the balance and there are no fixed terms for repayment.