IRIS Accounts Production v25.4.0.155 SC386872 Board of Directors 1.6.24 31.5.25 31.5.25 0 0 false true false false true false Fair value model Ordinary 0.10000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC386872 2024-05-31 SC386872 2025-05-31 SC386872 2024-06-01 2025-05-31 SC386872 2023-05-31 SC386872 2023-06-01 2024-05-31 SC386872 2024-05-31 SC386872 ns15:Scotland 2024-06-01 2025-05-31 SC386872 ns14:PoundSterling 2024-06-01 2025-05-31 SC386872 ns10:Director1 2024-06-01 2025-05-31 SC386872 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC386872 ns10:SmallEntities 2024-06-01 2025-05-31 SC386872 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC386872 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 SC386872 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC386872 ns10:FullAccounts 2024-06-01 2025-05-31 SC386872 ns10:OrdinaryShareClass1 2024-06-01 2025-05-31 SC386872 ns10:Director2 2024-06-01 2025-05-31 SC386872 ns10:RegisteredOffice 2024-06-01 2025-05-31 SC386872 ns5:CurrentFinancialInstruments 2025-05-31 SC386872 ns5:CurrentFinancialInstruments 2024-05-31 SC386872 ns5:Non-currentFinancialInstruments 2025-05-31 SC386872 ns5:Non-currentFinancialInstruments 2024-05-31 SC386872 ns5:ShareCapital 2025-05-31 SC386872 ns5:ShareCapital 2024-05-31 SC386872 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-05-31 SC386872 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-05-31 SC386872 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 SC386872 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 SC386872 ns5:DeferredTaxation 2024-05-31 SC386872 ns5:DeferredTaxation 2024-06-01 2025-05-31 SC386872 ns5:DeferredTaxation 2025-05-31 SC386872 ns10:OrdinaryShareClass1 2025-05-31 SC386872 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 SC386872 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-05-31 SC386872 ns5:RetainedEarningsAccumulatedLosses 2024-06-01 2025-05-31

REGISTERED NUMBER: SC386872 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 31 May 2025 |

| for |

| The Flat Company (Investments) Limited |

| The Flat Company (Investments) Limited (Registered number: SC386872) |

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| The Flat Company (Investments) Limited |

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | W J H Walters

| D Zank

| REGISTERED OFFICE: | 61a Queen Street

| Edinburgh

| EH2 4NA

| REGISTERED NUMBER: | SC386872 (Scotland)

| ACCOUNTANTS: | A H & Co Ltd

| Chartered Accountants

| 6 Logie Mill

| Edinburgh

| Lothian

| EH7 4HG

| SOLICITORS: | Connell & Connell WS

| 10 Dublin Street

| Edinburgh

| EH1 3PR

| The Flat Company (Investments) Limited (Registered number: SC386872) |

Balance Sheet

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 795,000 |  | 775,000 |  |

CURRENT ASSETS

Debtors | 5 | 6,931 |  | 3,623 |  |

Cash at bank | 1,090 |  | 1,209 |  |

8,021 |  | 4,832 |  |

CREDITORS

Amounts falling due within one year | 6 | 75,432 |  | 133,457 |  |

NET CURRENT LIABILITIES | (67,411 | ) | (128,625 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 727,589 |  | 646,375 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (486,360 | ) | (419,284 | ) |

PROVISIONS FOR LIABILITIES | 9 | (34,205 | ) | (30,405 | ) |

NET ASSETS | 207,024 |  | 196,686 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Fair value reserve | 11 | 145,820 |  | 129,620 |  |

Retained earnings | 11 | 61,104 |  | 66,966 |  |

SHAREHOLDERS' FUNDS | 207,024 |  | 196,686 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 November 2025 and were signed on its behalf by:

W J H Walters - Director

| The Flat Company (Investments) Limited (Registered number: SC386872) |

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| The Flat Company (Investments) 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 the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

| The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors.

| Investment property

| Investment properties, for which fair value can be measured reliably without undue cost or effort on an ongoing basis, are measured at fair value annually with any change recognised in the profit and loss account.

| In accordance with Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties held as investment properties where fair value can be measured reliably without undue cost or effort. This is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. Such properties are held for investment and not for consumption, and the directors consider that to depreciate them would not give a true and fair view.

| 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.

| 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.

| Exception from preparing a cash flow statement

| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

| Provisions

| Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present

| obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

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

| The Flat Company (Investments) Limited (Registered number: SC386872) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024 | 775,000 |  |

| Revaluations | 20,000 |  |

| At 31 May 2025 | 795,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 795,000 |  |

| At 31 May 2024 | 775,000 |  |

| Fair value at 31 May 2025 is represented by:

£ |

| Valuation in 2016 | 23,967 |  |

| Valuation in 2018 | 5,000 |  |

| Valuation in 2019 | 46,530 |  |

| Valuation in 2020 | 10,000 |  |

| Valuation in 2021 | 32,509 |  |

| Valuation in 2022 | 37,020 |  |

| Valuation in 2024 | 5,000 |  |

| Valuation in 2025 | 20,000 |  |

| Cost | 614,974 |  |

795,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

| 31.5.25 |  | 31.5.24

£ | £ |

| Cost | 614,974 |  | 614,974 |  |

| Investment property was valued on an open market basis on 31 May 2025 by W Walters, director .

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Prepayments | 6,931 |  | 3,623 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Inter company loans | 67,739 |  | 121,705 |  |

| Loan | 5,845 |  | 10,018 |  |

| Accrued expenses | 1,848 |  | 1,734 |  |

75,432 |  | 133,457 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Loan | 486,360 |  | 419,284 |  |

| The Flat Company (Investments) Limited (Registered number: SC386872) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

£ | £ |

| Loans | 492,206 |  | 429,302 |  |

| The loan creditor is secured by a floating charge which covers all the property or undertakings of the company. The charge is held by Paragon Bank Limited and Foundation Home Loans.

9. | PROVISIONS FOR LIABILITIES

| 31.5.25 |  | 31.5.24

£ | £ |

| Deferred tax | 34,205 |  | 30,405 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 30,405 |  |

| Provided during year | 3,800 |  |

| Balance at 31 May 2025 | 34,205 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

| 1,000 | Ordinary | £0.10 | 100 |  | 100 |  |

11. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 June 2024 | 66,966 |  | 129,620 |  | 196,586 |  |

| Profit for the year | 10,338 |  | 10,338 |  |

| Investment property | (20,000 | ) | - |  | (20,000 | ) |

| Transfer | 3,800 |  | 16,200 |  | 20,000 |  |

| At 31 May 2025 | 61,104 |  | 145,820 |  | 206,924 |  |

| The Flat Company (Investments) Limited (Registered number: SC386872) |

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

12. | RELATED PARTY DISCLOSURES

| Transactions with related parties during the year and balances outstanding at the year end were as follows:

| Related Party |  | Transaction |  | Amount received / (paid) in year to 31.5.25 |  | Amount received / (paid) in year to 31.5.24 |  | Balance (payable to) / receivable from related party as at 31.5.25 |  | Balance (payable to) / receivable from related party as at 31.5.24 |

|  | £ |  | £ |  | £ |  | £ |

| Company 1 |  | Management fees |  | 3,301 |  | 2,592 |  | Nil |  | Nil |

|  | Loan |  | (13,000) |  | Nil |  | (36,000) |  | (49,000) |

| Company 2 |  | Maintenance work |  | 1,938 |  | 2,019 |  | Nil |  | Nil |

| Company 3 |  | Loan |  | (40,966) |  | (3,013) |  | (31,739) |  | (72,705) |

|  | Management fees |  | 1,744 |  | 1,985 |  | Nil |  | Nil |

| One of the directors is a director and a shareholder of Company 1.

| One of the directors is also a shareholder of Company 2 and one of the directors is a director of Company 2.

| The directors are directors and shareholders of Company 3.

13. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling interest.