Company registration number SC513288 (Scotland)
PARK DEVELOPMENTS (SCOTLAND) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
PARK DEVELOPMENTS (SCOTLAND) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PARK DEVELOPMENTS (SCOTLAND) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
842,443
843,729
Investment property
4
1,200,053
1,200,053
2,042,496
2,043,782
Current assets
Debtors
5
198,429
187,855
Cash at bank and in hand
250
129
198,679
187,984
Creditors: amounts falling due within one year
6
(311,509)
(303,375)
Net current liabilities
(112,830)
(115,391)
Total assets less current liabilities
1,929,666
1,928,391
Creditors: amounts falling due after more than one year
7
(696,025)
(779,847)
Provisions for liabilities
(181,761)
(181,761)
Net assets
1,051,880
966,783
Capital and reserves
Called up share capital
100
100
Other reserves
887,421
887,421
Profit and loss reserves
164,359
79,262
Total equity
1,051,880
966,783
PARK DEVELOPMENTS (SCOTLAND) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

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

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.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 30 March 2026 and are signed on its behalf by:
Mr Bradley Mitchell
Mr William Ruffler
Director
Director
Company registration number SC513288 (Scotland)
PARK DEVELOPMENTS (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Park Developments (Scotland) Limited is a private company limited by shares incorporated in Scotland. The registered office is 6th Floor Gordon Chambers, 90 Mitchell Street, Glasgow, Scotland, G1 3NQ.

1.1
Basis of preparation

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
Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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:

Leasehold improvements
Not provided.
Fixtures and fittings
15% on a reducing balance basis.
Computers
33% on cost.
Motor vehicles
25% on a reducing balance basis.

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.

1.4
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.

1.5
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.

PARK DEVELOPMENTS (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2024 and 31 August 2025
836,300
14,229
1,295
9,116
860,940
Depreciation and impairment
At 1 September 2024
-
0
8,512
1,295
7,404
17,211
Depreciation charged in the year
-
0
858
-
0
428
1,286
At 31 August 2025
-
0
9,370
1,295
7,832
18,497
Carrying amount
At 31 August 2025
836,300
4,859
-
0
1,284
842,443
At 31 August 2024
836,300
5,717
-
0
1,712
843,729
4
Investment property
2025
£
Fair value
At 1 September 2024 and 31 August 2025
1,200,053
PARK DEVELOPMENTS (SCOTLAND) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,602
727
Other debtors
188,827
187,128
198,429
187,855
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
71,147
55,147
Corporation tax
103,284
107,023
Other taxation and social security
6,362
9,160
Other creditors
130,716
132,045
311,509
303,375
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
574,061
647,152
Other creditors
121,964
132,695
696,025
779,847
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