REGISTERED NUMBER: SC254716 (Scotland)

Struan Property Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Robertson

S F Robertson

SECRETARY:

A S Robertson

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC254716 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Handelsbanken

5th Floor

Waverley Gate

2-4 Waterloo Place

Edinburgh

EH1 3EG

FIXED ASSETS

Tangible assets

4

15,322

26,034

Investment property

5

3,615,000

3,835,000

3,630,322

3,861,034

CURRENT ASSETS

Debtors

6

55,340

70,623

Cash at bank

110,205

20,335

165,545

90,958

CREDITORS

Amounts falling due within one year

7

1,365,385

1,751,155

NET CURRENT LIABILITIES

(1,199,840

)

(1,660,197

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,430,482

2,200,837

CREDITORS

Amounts falling due after more than one year

8

(900,000

)

(860,000

)

PROVISIONS FOR LIABILITIES

(32,790

)

(6,899

)

NET ASSETS

1,497,692

1,333,938

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

309,776

44,774

Retained earnings

1,187,816

1,289,064

SHAREHOLDERS' FUNDS

1,497,692

1,333,938

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 5 January 2026 and were signed on its behalf by:

A S Robertson - Director

S F Robertson - Director

1.	STATUTORY INFORMATION

Struan Property 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.

Turnover and revenue recognition

Turnover represents rent received, excluding value added tax. Rent is recognised in accordance with the terms of the lease agreement.

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 and 25% on cost

Investment property

Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to the fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year-end is included in the fair value reserve with the relevant change in fair value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligation, and a reliable estimate can be made of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

57,846

Additions

3,234

Disposals

(1,574

)

At 31 August 2025

59,506

DEPRECIATION

At 1 September 2024

31,812

Charge for year

13,946

Eliminated on disposal

(1,574

)

At 31 August 2025

44,184

NET BOOK VALUE

At 31 August 2025

15,322

At 31 August 2024

26,034

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

3,835,000

Disposals

(285,000

)

Revaluations

65,000

At 31 August 2025

3,615,000

NET BOOK VALUE

At 31 August 2025

3,615,000

At 31 August 2024

3,835,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2012

(38,961

)

Valuation in 2016

(116,239

)

Valuation in 2017

(55,000

)

Valuation in 2018

(15,000

)

Valuation in 2019

47,468

Valuation in 2020

150,853

Valuation in 2021

938

Valuation in 2022

90,000

Valuation in 2023

(19,285

)

Valuation in 2025

293,961

Cost

3,276,265

3,615,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

3,276,265

3,790,226

Some investment properties were professionally revalued by Graham & Sibbald in December 2024.

The remaining properties of fair value of investment property represents the directors' best estimate of market value as at 31st August 2025. The directors are not professional property valuers.

These properties were last professionally valued in September 2022.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,767

29,866

Other debtors

43,573

40,757

55,340

70,623

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

65,000

Trade creditors

3,157

-

Taxation and social security

29,747

55,703

Other creditors

1,332,481

1,630,452

1,365,385

1,751,155

Included within other creditors there are loans from the directors, which are unsecured, interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

900,000

860,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

900,000

925,000

Bank loans are secured by standard security and floating charge over investment properties in favour of Handelsbanken.

10.

RESERVES

Fair

value

reserve

£

At 1 September 2024

44,774

Revaluation of investments

65,000

Reserves released on inv. disp

228,961

Deferred Tax

(28,959

)

At 31 August 2025

309,776

The fair value reserve represents the net revaluation gain or loss on investment properties.