REGISTERED NUMBER: SC482859 (Scotland)

Financial Statements for the Year Ended 31 July 2025

for

Prile Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E Cowie

REGISTERED OFFICE:

Penview

Cove Bay

Aberdeen

Grampian

AB12 3LA

REGISTERED NUMBER:

SC482859 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

9,364

-

Investment property

5

953,548

953,548

962,912

953,548

CURRENT ASSETS

Debtors

6

801

12,302

Cash at bank

38,482

24,481

39,283

36,783

CREDITORS

Amounts falling due within one year

7

456,787

513,693

NET CURRENT LIABILITIES

(417,504

)

(476,910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

545,408

476,638

CREDITORS

Amounts falling due after more than one year

8

(32,000

)

(64,000

)

PROVISIONS FOR LIABILITIES

9

(2,341

)

-

NET ASSETS

511,067

412,638

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

510,967

412,538

SHAREHOLDERS' FUNDS

511,067

412,638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 12 January 2026 and were signed by:

E Cowie - Director

1.	STATUTORY INFORMATION

Prile 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.

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

-

25% on cost

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

9,988

At 31 July 2025

9,988

DEPRECIATION

Charge for year

624

At 31 July 2025

624

NET BOOK VALUE

At 31 July 2025

9,364

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

and 31 July 2025

953,548

NET BOOK VALUE

At 31 July 2025

953,548

At 31 July 2024

953,548

Investment property was valued by the director on 31st July 2025. The director feels that this is a fair value based on the market at that date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

-

7,147

Other debtors

801

5,155

801

12,302

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

32,000

32,000

Trade creditors

5,580

-

Amounts owed to group undertakings

320,717

321,631

Taxation and social security

21,928

22,588

Other creditors

76,562

137,474

456,787

513,693

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

32,000

64,000

9.	PROVISIONS FOR LIABILITIES

31.7.25

31.7.24

£

£

Deferred tax

2,341

-

Deferred

tax

£

Accelerated capital allowances

2,341

Balance at 31 July 2025

2,341

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

100

Ordinary

1

100

100

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Edwin Cowie by virtue of his 100% ownership of the parent company, Kincorth Enterprises.