2 false false false false false false false false false false true false false false false false false No description of principal activity 2025-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC423128 2025-03-01 2026-02-28 SC423128 2026-02-28 SC423128 2025-02-28 SC423128 2024-03-01 2025-02-28 SC423128 2025-02-28 SC423128 2024-02-29 SC423128 bus:Director2 2025-03-01 2026-02-28 SC423128 core:LandBuildings core:OwnedOrFreeholdAssets 2026-02-28 SC423128 core:WithinOneYear 2026-02-28 SC423128 core:WithinOneYear 2025-02-28 SC423128 core:ShareCapital 2026-02-28 SC423128 core:ShareCapital 2025-02-28 SC423128 core:RevaluationReserve 2026-02-28 SC423128 core:RevaluationReserve 2025-02-28 SC423128 core:RetainedEarningsAccumulatedLosses 2026-02-28 SC423128 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC423128 core:LandBuildings core:OwnedOrFreeholdAssets 2025-02-28 SC423128 bus:Director1 2025-03-01 2026-02-28 SC423128 bus:SmallEntities 2025-03-01 2026-02-28 SC423128 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 SC423128 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 SC423128 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 SC423128 bus:FullAccounts 2025-03-01 2026-02-28 SC423128 core:ComputerEquipment 2026-02-28 SC423128 core:ComputerEquipment 2025-02-28 SC423128 core:ComputerEquipment 2025-03-01 2026-02-28
COMPANY REGISTRATION NUMBER: SC423128

C J K PROPERTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2026

C J K PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2026

| 2026 | 2025
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 |  | 1,300,273 |  | 1,300,589

CURRENT ASSETS

Debtors | 6 | 2,805 |  | 2,545 |
Cash at bank and in hand | 21,923 |  | 25,759 |
| --------- |  | --------- |
| 24,728 |  | 28,304 |

CREDITORS: amounts falling due within one year | 7 | 874,729 |  | 851,448 |
| ---------- |  | ---------- |
NET CURRENT LIABILITIES |  | 850,001 |  | 823,144
|  | ------------- |  | -------------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 450,272 |  | 477,445

PROVISIONS

Taxation including deferred tax |  | 24,612 |  | 24,691
|  | ---------- |  | ----------
NET ASSETS |  | 425,660 |  | 452,754
|  | ---------- |  | ----------

C J K PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2026

| 2026 | 2025
Note | £ | £ | £ | £

CAPITAL AND RESERVES

Called up share capital |  | 100 |  | 100
Revaluation reserve |  | 99,748 |  | 99,748
Profit and loss account |  | 325,812 |  | 352,906
|  | ---------- |  | ----------
SHAREHOLDERS FUNDS |  | 425,660 |  | 452,754
|  | ---------- |  | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2026 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 April 2026 , and are signed on behalf of the board by:

C E Knowles
Director

Company registration number: SC423128

C J K PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2026
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Copper Beech, Main Street, Methlick, Aberdeenshire, AB41 7DS, Scotland.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover represents rental income receivable from the investment properties.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Investment properties Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with FRS 102, as follows: i) No depreciation is provided in respect of investment property, which is revalued annually. The surplus or deficit on revaluation is transferred to revaluation reserve unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. ii) No depreciation is provided in respect of leasehold investment properties where the lease has over 20 years left to run. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of the fixed assets. However, these assets are not held for consumption, but for investment and the directors consider that systematic annual deprecation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 33.33% Straight Line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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 an asset.
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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).
5. TANGIBLE ASSETS

| Freehold property | Equipment | Total
| £ | £ | £
Cost or valuation |  |  |
At 1 March 2025 and 28 February 2026 | 1,300,000 | 3,480 | 1,303,480
| ------------- | ------- | -------------
Depreciation |  |  |
At 1 March 2025 | – | 2,891 | 2,891
Charge for the year | – | 316 | 316
| ------------- | ------- | -------------
At 28 February 2026 | – | 3,207 | 3,207
| ------------- | ------- | -------------
Carrying amount |  |  |
At 28 February 2026 | 1,300,000 | 273 | 1,300,273
| ------------- | ------- | -------------
At 28 February 2025 | 1,300,000 | 589 | 1,300,589
| ------------- | ------- | -------------

Tangible assets held at valuation
The directors estimate that properties with an original cost value of £1,175,709 currently have a market value of £1,300,000. If the property was disposed of at this value there would a tax charge of £24,543.
6. DEBTORS

| 2026 | 2025
| £ | £
Other debtors | 2,805 | 2,545
| ------- | -------

7. CREDITORS: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 378 | –
Corporation tax | 5,397 | 5,117
Other creditors | 868,954 | 846,331
| ---------- | ----------
| 874,729 | 851,448
| ---------- | ----------

Included within 'Other creditors' are loans from relatives of the directors amounting to £500,000 (2025 - £500,000). These loans are unsecured, interest free and repayable on demand.
8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors had an unsecured interest free loan with the company. The directors loan account was in credit throughout the year and is repayable on demand.