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Company Registration No. SC672106 (Scotland)
Foulis Property Limited Unaudited accounts for the year ended 31 August 2025
Foulis Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Foulis Property Limited Company Information for the year ended 31 August 2025
Director
Kevin Munro
Company Number
SC672106 (Scotland)
Registered Office
94 HOPE STREET SUITE 2.11 GLASGOW G2 6PH SCOTLAND
Accountants
Scottish Tax Bureau 94 Hope Street Glasgow G2 6PH
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Foulis Property Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
423,047
313,125
Current assets
Cash at bank and in hand
19,901
4,554
Creditors: amounts falling due within one year
5
(6,635)
(6,525)
Net current assets/(liabilities)
13,266
(1,971)
Total assets less current liabilities
436,313
311,154
Creditors: amounts falling due after more than one year
6
(444,930)
(320,507)
Net liabilities
(8,617)
(9,353)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(8,717)
(9,453)
Shareholders' funds
(8,617)
(9,353)
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2025 and were signed on its behalf by
Kevin Munro Director Company Registration No. SC672106
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Foulis Property Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Foulis Property Limited is a private company, limited by shares, registered in Scotland, registration number SC672106. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 September 2024
313,125
Additions
109,922
At 31 August 2025
423,047
Depreciation
At 31 August 2025
-
Net book value
At 31 August 2025
423,047
At 31 August 2024
313,125
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,675
5,675
Other creditors
960
850
6,635
6,525
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Foulis Property Limited Notes to the Accounts for the year ended 31 August 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
92,558
92,342
Other creditors
345,899
225,635
Loans from directors
6,473
2,530
444,930
320,507
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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