REGISTERED NUMBER: SC024463 (Scotland)

Unaudited Financial Statements for the Year Ended 28th May 2025

for

Coatbridge Property and Investment

Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G S Watt

SECRETARY:

R Watt

REGISTERED OFFICE:

1 Campbell Lane

Hamilton

ML3 6DB

REGISTERED NUMBER:

SC024463 (Scotland)

ACCOUNTANTS:

Smith Inglis & Tait

1 Campbell Lane

Hamilton

ML3 6DB

FIXED ASSETS

Property, plant and equipment

4

125

167

Investment property

5

7,103,000

6,382,192

7,103,125

6,382,359

CURRENT ASSETS

Debtors

6

150,030

158,222

Investments

7

12,358

12,358

Cash at bank

4,098

37,349

166,486

207,929

CREDITORS

Amounts falling due within one year

8

127,406

127,714

NET CURRENT ASSETS

39,080

80,215

TOTAL ASSETS LESS CURRENT LIABILITIES

7,142,205

6,462,574

CREDITORS

Amounts falling due after more than one year

9

(655,430

)

(522,009

)

PROVISIONS FOR LIABILITIES

11

(1,021,321

)

(675,536

)

NET ASSETS

5,465,454

5,265,029

CAPITAL AND RESERVES

Called up share capital

751

751

Revaluation reserve

12

4,085,283

3,555,449

Other reserves

1,005

1,005

Retained earnings

1,378,415

1,707,824

SHAREHOLDERS' FUNDS

5,465,454

5,265,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th April 2026 and were signed by:

G S Watt - Director

1.	STATUTORY INFORMATION

Coatbridge Property and Investment Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 29th May 2024

and 28th May 2025

85,464

DEPRECIATION

At 29th May 2024

85,297

Charge for year

42

At 28th May 2025

85,339

NET BOOK VALUE

At 28th May 2025

125

At 28th May 2024

167

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29th May 2024

6,382,192

Additions

190,974

Revaluations

529,834

At 28th May 2025

7,103,000

NET BOOK VALUE

At 28th May 2025

7,103,000

At 28th May 2024

6,382,192

Fair value at 28th May 2025 is represented by:

£

Valuation in 2016

2,737,025

Valuation in 2017

209,747

Valuation in 2018

(254,353

)

Valuation in 2019

275,165

Valuation in 2020

289,648

Valuation in 2021

295,335

Valuation in 2023

(73,004

)

Valuation in 2024

75,885

Valuation in 2025

529,835

Cost

3,017,717

7,103,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,593

19,785

Other debtors

138,437

138,437

150,030

158,222

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

12,358

12,358

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

72,859

68,493

Other creditors

54,547

59,221

127,406

127,714

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

655,430

522,009

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

655,430

522,009

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,021,321

675,536

Deferred

tax

£

Balance at 29th May 2024

675,536

Provided during year

345,785

Balance at 28th May 2025

1,021,321

12.

RESERVES

Revaluation

reserve

£

At 29th May 2024

3,555,449

Revaluation Reserve

529,834

At 28th May 2025

4,085,283