REGISTERED NUMBER: SC268156 (Scotland)

Unaudited Financial Statements for the Year Ended 30 July 2025

for

Tay Properties Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

353

1,073

Investment property

5

441,100

487,000

441,453

488,073

Current assets

Debtors

6

-

629

Creditors

Amounts falling due within one year

7

93,003

129,857

Net current liabilities

(93,003

)

(129,228

)

Total assets less current liabilities

348,450

358,845

Creditors

Amounts falling due after more than one year

8

(282,593

)

(327,333

)

Provisions for liabilities

(3,571

)

-

Net assets

62,286

31,512

Capital and reserves

Called up share capital

10

2

2

Revaluation reserve

11

97,839

85,925

Retained earnings

(35,555

)

(54,415

)

Shareholders' funds

62,286

31,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2026 and were signed by:

S A Stewart - Director

1.	Statutory information

Tay Properties Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC268156

Registered office:

89 Forfar Road

Dundee

DD4 9BS

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

2.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable relating the period of the accounts gross of any management fees.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

The investment property fair value of £441,100 (2024 - £487,000) was determined by the directors based on the market value of similar properties in the area.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 31 July 2024

31,247

Additions

400

Disposals

(31,247

)

At 30 July 2025

400

Depreciation

At 31 July 2024

30,174

Charge for year

1,120

Eliminated on disposal

(31,247

)

At 30 July 2025

47

Net book value

At 30 July 2025

353

At 30 July 2024

1,073

5.	Investment property

Total

£

Fair value

At 31 July 2024

487,000

Disposals

(87,000

)

Revaluations

41,100

At 30 July 2025

441,100

Net book value

At 30 July 2025

441,100

At 30 July 2024

487,000

Fair value at 30 July 2025 is represented by:

£

Valuation in 2024

487,000

Valuation in 2025

(87,000

)

Valuation in 2025

41,100

441,100

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

629

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

3,743

4,499

Taxation and social security

1,173

-

Other creditors

88,087

125,358

93,003

129,857

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

282,593

327,333

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

282,593

327,333

9.	Secured debts

Within creditors are secured liabilities of £283,555 (2024 - £328,462).

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

£1

2

2

11.

Reserves

Revaluation

reserve

£

At 31 July 2024

85,925

Transfer from retained earning

15,485

Transfer

(3,571

)

At 30 July 2025

97,839

12.	Related party disclosures

Within creditors there is a balance of £74,721 (2024 - £107,489) owed to the director.