REGISTERED NUMBER: SC502645 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

TURTLE PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Urquhart

Mrs S Urquhart

REGISTERED OFFICE:

12 Alexander Avenue

Kingseat

Newmachar

Aberdeenshire

AB21 0AS

REGISTERED NUMBER:

SC502645 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

15,765

4,564

Investment property

5

167,500

167,500

183,265

172,064

CURRENT ASSETS

Debtors

6

11,278

6,109

Cash at bank

5,845

4,760

17,123

10,869

CREDITORS

Amounts falling due within one year

7

42,916

42,512

NET CURRENT LIABILITIES

(25,793

)

(31,643

)

TOTAL ASSETS LESS CURRENT LIABILITIES

157,472

140,421

CREDITORS

Amounts falling due after more than one year

8

(127,965

)

(132,061

)

PROVISIONS FOR LIABILITIES

(2,995

)

(867

)

NET ASSETS

26,512

7,493

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,412

7,393

SHAREHOLDERS' FUNDS

26,512

7,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

A Urquhart - Director

1.	STATUTORY INFORMATION

Turtle Property 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.

Turnover

Turnover 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.

Plant and machinery etc

-

33% on cost, 25% on cost and at varying rates on cost

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

4,428

2,074

47,957

18,933

73,392

Additions

-

432

16,500

811

17,743

Disposals

-

-

(17,559

)

-

(17,559

)

At 30 April 2025

4,428

2,506

46,898

19,744

73,576

DEPRECIATION

At 1 May 2024

3,249

2,054

47,227

16,298

68,828

Charge for year

364

33

3,438

1,977

5,812

Eliminated on disposal

-

-

(16,829

)

-

(16,829

)

At 30 April 2025

3,613

2,087

33,836

18,275

57,811

NET BOOK VALUE

At 30 April 2025

815

419

13,062

1,469

15,765

At 30 April 2024

1,179

20

730

2,635

4,564

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

167,500

NET BOOK VALUE

At 30 April 2025

167,500

At 30 April 2024

167,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

8,522

4,428

Other debtors

2,756

1,681

11,278

6,109

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

5,059

20,381

Hire purchase contracts

-

130

Taxation and social security

18,351

17,688

Other creditors

19,506

4,313

42,916

42,512

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

127,965

132,061