Company registration number SC505221 (Scotland)
ADAUGEO PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
ADAUGEO PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ADAUGEO PROPERTIES LIMITED
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,988
5,975
Current assets
Debtors
4
9,345
9,455
Cash at bank and in hand
18,442
13,307
27,787
22,762
Creditors: amounts falling due within one year
5
(27,081)
(19,331)
Net current assets
706
3,431
Total assets less current liabilities
5,694
9,406
Creditors: amounts falling due after more than one year
6
-
0
(8,041)
Net assets
5,694
1,365
Capital and reserves
Called up share capital
7
4
4
Share premium account
2,186
2,186
Profit and loss reserves
3,504
(825)
Total equity
5,694
1,365

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ADAUGEO PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2025
31 May 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
Mr J Grant
Director
Company Registration No. SC505221
ADAUGEO PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

Adaugeo Properties Limited is a private company limited by shares incorporated in Scotland. The registered office is . The principal place of business is The Hollies, Low Causeway, Culross, Dunfermline, Fife, United Kingdom, KY12 8HN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
2-5 years straight line
Fixtures and fittings
2-6% on cost
Computers
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

ADAUGEO PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.5

Turnover

Turnover represents net rental income and income from service charges. Where rents and services are invoiced in advance income is deferred as appropriate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 June 2024 and 31 May 2025
20,055
1,894
1,809
23,758
Depreciation and impairment
At 1 June 2024
14,287
1,687
1,809
17,783
Depreciation charged in the year
980
7
-
0
987
At 31 May 2025
15,267
1,694
1,809
18,770
Carrying amount
At 31 May 2025
4,788
200
-
0
4,988
At 31 May 2024
5,768
207
-
0
5,975
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
9,345
9,455
ADAUGEO PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,999
7,958
Taxation and social security
4,062
3,041
Other creditors
15,020
8,332
27,081
19,331
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
8,041
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of 2p each
51
51
2
2
Ordinary B of 2p each
49
49
1
1
Ordinary C of 2p each
51
51
1
1
Ordinary D of 2p each
49
49
-
0
-
0
200
200
4
4
8
Related party transactions

The following amounts were outstanding at the reporting end date:

The amounts due to/from related parties are unsecured, interest free and repayable on demand.

2025
2024
Amounts due to related parties
£
£
Key management personnel
4,189
-

2025
2024
Amounts due from related parties
£
£
Key management personnel
-
0
1,843
Other related parties
4,300
4,300
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