Registration number: SC688580

Booboo Properties Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Booboo Properties Limited

(Registration number: SC688580)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	11,695	17,557
Investment property	5	496,422	496,422
		508,117	513,979
Current assets
Debtors	6	230	450
Cash at bank and in hand		318	2,573
		548	3,023
Creditors: Amounts falling due within one year	7	(451,074)	(456,730)
Net current liabilities		(450,526)	(453,707)
Total assets less current liabilities		57,591	60,272
Creditors: Amounts falling due after more than one year	7	(143,600)	(143,600)
Net liabilities		(86,009)	(83,328)
Capital and reserves
Called up share capital		100	100
Retained earnings		(86,109)	(83,428)
Shareholders' deficit		(86,009)	(83,328)

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 2 May 2026 and signed on its behalf by:
 

......................................... Mr Evan Budge Director

Booboo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
20 South Square
Footdee
Aberdeen
AB11 5DT

These financial statements were authorised for issue by the Board on 2 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts receivable in respect of property rental.

Rental income is recognised rateably over the period to which it relates.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets less their residual value over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	straight line 20%

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure, Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Booboo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2025	29,314	29,314
At 31 March 2026	29,314	29,314
Depreciation
At 1 April 2025	11,757	11,757
Charge for the year	5,862	5,862
At 31 March 2026	17,619	17,619
Carrying amount
At 31 March 2026	11,695	11,695
At 31 March 2025	17,557	17,557

5	Investment properties

	2026 £
At 1 April	496,422
At 31 March	496,422

Investment property consists of two properties, the value of which the directors consider is fair value based on market conditions.

6

Debtors

Current	2026 £	2025 £
Other debtors	230	450
	230	450

Booboo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Other creditors	451,074	456,730

Creditors: amounts falling due after more than one year

The bank loan of £143,600 is secured by a floating charge and standard securities over the properties owned by the company.

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	143,600	143,600

8	Related party transactions

Included in other creditors at the year end is an amount due to Evan Budge of £450,058 (2025 - £452,259). The amount is unsecured, interest free and repayable when the company's financial position allows.