TANNOCH DEVELOPMENTS LTD


Directors	KEENAN, Amanda
	KEENAN, James Newton
	KEENAN, Sharon
	KEENAN, William John


Registered Address	Arcadia Business Centre
	Miller Lane
	Clydebank
	G81 1UJ


Registered Number	SC703410 (Scotland)

Statement of Financial Position
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		261,090		-
			261,090		-
Current assets
Debtors	4	360		2,200
Cash at bank and on hand		3,794		2,232
		4,154		4,432
Creditors amounts falling due within one year	5	(250,523)		(3,963)
Net current assets (liabilities)			(246,369)		469
Total assets less current liabilities			14,721		469
Net assets			14,721		469
Capital and reserves
Called up share capital			200		200
Profit and loss account			14,521		269
Shareholders' funds			14,721		469

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 April 2026, and are signed on its behalf by:

KEENAN, James Newton
Director

KEENAN, William John
Director

Registered Company No. SC703410

TANNOCH DEVELOPMENTS LTD

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover includes rental income from the company's investment property and property costs recharged. Income is recognised in the period in which it is earned.

	Current taxation
	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property
	On 31 July 2025 the directors, who are not professional valuers, valued the investment property on an open market value. It is the opinion of the directors that this valuation has not materiality altered from cost at the year end.


		£
	Additions	261,090
	At 31 July 25	261,090

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	360	-
Other debtors	-	2,200
Total	360	2,200

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	3,512	2,643
Other creditors	247,011	1,320
Total	250,523	3,963

6.	Related party transactions
	During the year the directors had a loan account with the company. At the balance sheet date the company owed the directors £239,110 (2024 - £2,200 due to the company). This loan is unsecured, interest free and repayable upon demand. The company rents a property from the directors rent free.