Silverfin false false 30/09/2025 01/10/2024 30/09/2025 Karen Jappy 10/06/2019 Andrew O'Hare 10/06/2019 Stephen O'Hare 10/06/2019 31 March 2026 The principal activity of the Company during the financial year was that of property rental. SC632808 2025-09-30 SC632808 bus:Director1 2025-09-30 SC632808 bus:Director2 2025-09-30 SC632808 bus:Director3 2025-09-30 SC632808 2024-09-30 SC632808 core:CurrentFinancialInstruments 2025-09-30 SC632808 core:CurrentFinancialInstruments 2024-09-30 SC632808 core:ShareCapital 2025-09-30 SC632808 core:ShareCapital 2024-09-30 SC632808 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC632808 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC632808 core:OtherPropertyPlantEquipment 2024-09-30 SC632808 core:OtherPropertyPlantEquipment 2025-09-30 SC632808 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-09-30 SC632808 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-09-30 SC632808 bus:OrdinaryShareClass1 2025-09-30 SC632808 bus:OrdinaryShareClass2 2025-09-30 SC632808 bus:OrdinaryShareClass3 2025-09-30 SC632808 2024-10-01 2025-09-30 SC632808 bus:FilletedAccounts 2024-10-01 2025-09-30 SC632808 bus:SmallEntities 2024-10-01 2025-09-30 SC632808 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC632808 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC632808 bus:Director1 2024-10-01 2025-09-30 SC632808 bus:Director2 2024-10-01 2025-09-30 SC632808 bus:Director3 2024-10-01 2025-09-30 SC632808 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-10-01 2025-09-30 SC632808 2023-10-01 2024-09-30 SC632808 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 SC632808 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 SC632808 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC632808 bus:OrdinaryShareClass2 2024-10-01 2025-09-30 SC632808 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 SC632808 bus:OrdinaryShareClass3 2024-10-01 2025-09-30 SC632808 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 SC632808 1 2024-10-01 2025-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC632808 (Scotland)

# ASKO PROPERTIES LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

ASKO PROPERTIES LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

Contents

ASKO PROPERTIES LIMITED

## BALANCE SHEET

AS AT 30 SEPTEMBER 2025
ASKO PROPERTIES LIMITED

## BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 153 |  | 186
Investment property | 4 | 620,748 |  | 620,748
|  | 620,901 |  | 620,934
Current assets |  |  |  |
Debtors | 5 | 276 |  | 814
Cash at bank and in hand |  | 10,839 |  | 2,828
|  | 11,115 |  | 3,642
Creditors: amounts falling due within one year | 6 | ( 626,040) |  | ( 584,585)
Net current liabilities |  | (614,925) |  | (580,943)
Total assets less current liabilities |  | 5,976 |  | 39,991
Provision for liabilities |  | ( 2,545) |  | ( 8,477)
Net assets |  | 3,431 |  | 31,514
Capital and reserves |  |  |  |
Called-up share capital | 7 | 99 |  | 99
Profit and loss account |  | 3,332 |  | 31,415
Total shareholders' funds |  | 3,431 |  | 31,514

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of ASKO Properties Limited (registered number: SC632808) were approved and authorised for issue by the Board of Directors on 31 March 2026. They were signed on its behalf by:

Karen Jappy Director |

ASKO PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
ASKO PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

ASKO Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael Bishop's Court, 29 Albyn Place, Aberdeen, AB10 1YL, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the rental receipts, inclusive of VAT.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and amounts due to related parties, are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 325 |  | 325
At 30 September 2025 | 325 |  | 325
Accumulated depreciation |  |  |
At 01 October 2024 | 139 |  | 139
Charge for the financial year | 33 |  | 33
At 30 September 2025 | 172 |  | 172
Net book value |  |  |
At 30 September 2025 | 153 |  | 153
At 30 September 2024 | 186 |  | 186

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 October 2024 | 620,748
As at 30 September 2025 | 620,748

Valuation

The fair value is determined by the directors, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 549,312 |  | 549,312

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by related parties | 0 |  | 558
Other debtors | 276 |  | 256
| 276 |  | 814

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to related parties | 621,995 |  | 578,925
Other creditors | 4,045 |  | 5,660
| 626,040 |  | 584,585

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
33 Ordinary shares of £ 1.00 each | 33 |  | 33
33 A Ordinary shares of £ 1.00 each | 33 |  | 33
33 B Ordinary shares of £ 1.00 each | 33 |  | 33
| 99 |  | 99

#### 8. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts due to Other Related Parties | (621,995) |  | (580,410)
Amounts due from Other Related Parties | 0 |  | 558

These balances are interest free and have no fixed terms of repayment.

#### 9. Events after the Balance Sheet date

A property was purchased on 29 October 2025 for £360,000.