REGISTERED NUMBER: SC573163 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Bann Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Stephen Thompson

REGISTERED OFFICE:

Suite 1.20

Brook Street Business Hub

117 Brook Street

Glasgow

G40 3AP

REGISTERED NUMBER:

SC573163 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Investment property

4

865,000

754,110

CURRENT ASSETS

Cash at bank

9,291

3,618

CREDITORS

Amounts falling due within one year

5

419,497

430,199

NET CURRENT LIABILITIES

(410,206

)

(426,581

)

TOTAL ASSETS LESS CURRENT LIABILITIES

454,794

327,529

PROVISIONS FOR LIABILITIES

6

42,132

21,063

NET ASSETS

412,662

306,466

CAPITAL AND RESERVES

Called up share capital

7

1

1

Fair value reserve

8

181,484

91,663

Retained earnings

231,177

214,802

SHAREHOLDERS' FUNDS

412,662

306,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2026 and were signed by:

Stephen Thompson - Director

1.	STATUTORY INFORMATION

Bann Property Ltd 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

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

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.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

754,110

Revaluations

110,890

At 31 August 2025

865,000

NET BOOK VALUE

At 31 August 2025

865,000

At 31 August 2024

754,110

Fair value at 31 August 2025 is represented by:

£

Valuation in 2023

106,039

Valuation in 2025

110,890

Cost

648,071

865,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Taxation and social security

5,057

5,759

Other creditors

414,440

424,440

419,497

430,199

6.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

42,132

21,063

Deferred

tax

£

Balance at 1 September 2024

21,063

Provided during year

21,069

Balance at 31 August 2025

42,132

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Fair

value

reserve

£

At 1 September 2024

91,663

Transfer to/from FV reserve

89,821

At 31 August 2025

181,484