Registration number: SC237009

McLeish Properties Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

McLeish Properties Ltd

Statement of Financial Position as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	547	659
Investment property	5	3,000,001	3,000,001
		3,000,548	3,000,660
Current assets
Debtors	6	4,215	21,805
Cash at bank and in hand		75,193	55,920
		79,408	77,725
Creditors: Amounts falling due within one year	7	(45,232)	(44,661)
Net current assets		34,176	33,064
Total assets less current liabilities		3,034,724	3,033,724
Provisions for liabilities		(269,663)	(269,663)
Net assets		2,765,061	2,764,061
Capital and reserves
Called up share capital		112	112
Share premium reserve		663,390	663,390
Retained earnings		2,101,559	2,100,559
Shareholders' funds		2,765,061	2,764,061

For the financial 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.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 17 April 2026 and signed on its behalf by:
 

McLeish Properties Ltd

Statement of Financial Position as at 31 August 2025

......................................... Mr Stewart F McLeish Director

McLeish Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Fernieknowe
Kingennie
Broughty Ferry
Dundee
DD5 3PF

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

McLeish Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	15% reducing balance
Equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

McLeish Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 September 2024	2,249	1,854	4,103
At 31 August 2025	2,249	1,854	4,103
Depreciation
At 1 September 2024	1,728	1,716	3,444
Charge for the year	78	34	112
At 31 August 2025	1,806	1,750	3,556
Carrying amount
At 31 August 2025	443	104	547
At 31 August 2024	521	138	659

5	Investment properties

	2025 £
At 1 September	3,000,001
Additions	-
Disposals	-
Fair value adjustments	-
At 31 August	3,000,001

The last valuation of the properties was at 31st August 2017 by the Directors and they are of the opinion that it is fairly stated in these accounts.

6

Debtors

Current	2025 £	2024 £
Trade debtors	4,215	21,751
Other debtors	-	54
	4,215	21,805

Page 5

McLeish Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	198
Taxation and social security	27,892	24,849
Accruals and deferred income	6,662	9,807
Other creditors	10,678	9,807
	45,232	44,661

8

Reserves

		2025		2024
		£		£
Profit and loss account - distributable		784,969		783,969
Revaluation of investment properties - undistributable		1,586,253		1,586,253
Revaluation Investments - undistributable		-		-
Deferred Tax - undistributable		(269,663)		(269,663)
		2,101,559		2,100,559

9

Dividends

Final dividends paid

		2025 £		2024 £
Final dividend of £712.65 (2024 - £791.04) per each Ordinary A		29,931		33,224
Final dividend of £714.29 per each Ordinary B		20,000		20,000
Final dividend of £893.46 (2024 - £906.85) per each Ordinary C		37,525		38,088
		87,457		91,311