Company registration number SC684361 (Scotland)
LSA REAL ESTATE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
LSA REAL ESTATE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LSA REAL ESTATE LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
150
Investment property
4
188,785
188,785
188,785
188,935
Current assets
Cash at bank and in hand
5,540
12,338
Creditors: amounts falling due within one year
5
(1,200)
(1,936)
Net current assets
4,340
10,402
Total assets less current liabilities
193,125
199,337
Creditors: amounts falling due after more than one year
6
(183,074)
(188,074)
Net assets
10,051
11,263
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
10,049
11,261
Total equity
10,051
11,263

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 April 2026 and are signed on its behalf by:
Mr L Garvie
Director
Company registration number SC684361 (Scotland)
LSA REAL ESTATE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

LSA Real Estate Ltd is a private company limited by shares incorporated in Scotland. The registered office is 21 Melville Street, Edinburgh, EH3 7PE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable from rental income arising in the normal course of business, and is shown net of VAT and other sales-related taxes. The fair value of consideration takes into account any agreed rent incentives, trade discounts and settlement discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LSA REAL ESTATE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

LSA REAL ESTATE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025 and 31 December 2025
750
Depreciation and impairment
At 1 January 2025
600
Depreciation charged in the year
150
At 31 December 2025
750
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
150
4
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
188,785

The directors have considered market conditions and recent sales of similar properties in their geographical areas and are content that the current valuation in the accounts is a fair estimation of the fair value of the properties at the year-end.

5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
-
0
496
Other creditors
1,200
1,440
1,200
1,936
LSA REAL ESTATE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
135,476
135,476
Other creditors
47,598
52,598
183,074
188,074

The loan is secured by a fixed charge over the investment property held by the company.

7
Related party transactions
Transactions with related parties

The company has been given a loan from the directors of the company. Included within creditors falling due after more than one year, is a balance of £47,598 (2024 - £52,598) and the loan is provided interest free. £5,000 was repaid during the year.

2025-12-31 2025-01-01 false false false 29 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr L Garvie Mrs C Garvie SC684361 2025-01-01 2025-12-31 SC684361 2025-12-31 SC684361 2024-12-31 SC684361 core:OtherPropertyPlantEquipment 2025-12-31 SC684361 core:OtherPropertyPlantEquipment 2024-12-31 SC684361 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 SC684361 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC684361 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 SC684361 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 SC684361 core:CurrentFinancialInstruments 2025-12-31 SC684361 core:CurrentFinancialInstruments 2024-12-31 SC684361 core:ShareCapital 2025-12-31 SC684361 core:ShareCapital 2024-12-31 SC684361 core:RetainedEarningsAccumulatedLosses 2025-12-31 SC684361 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC684361 bus:Director1 2025-01-01 2025-12-31 SC684361 core:FurnitureFittings 2025-01-01 2025-12-31 SC684361 2024-01-01 2024-12-31 SC684361 core:OtherPropertyPlantEquipment 2024-12-31 SC684361 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 SC684361 2024-12-31 SC684361 core:Non-currentFinancialInstruments 2025-12-31 SC684361 core:Non-currentFinancialInstruments 2024-12-31 SC684361 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC684361 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC684361 bus:FRS102 2025-01-01 2025-12-31 SC684361 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 SC684361 bus:Director2 2025-01-01 2025-12-31 SC684361 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP