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Company registration number:
SC236153
Pendragon Property Management Ltd.
Unaudited Filleted Financial Statements for the year ended
31 August 2025
Pendragon Property Management Ltd.
Report to the board of directors on the preparation of the unaudited statutory financial statements of Pendragon Property Management Ltd.
Year ended
31 August 2025
As described on the statement of financial position, the Board of Directors of
Pendragon Property Management Ltd.
are responsible for the preparation of the
financial statements
for the year ended
31 August 2025
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Horizon Chartered Accountants
5 La Belle Place
Glasgow
G3 7LH
United Kingdom
Date:
15 May 2026
Pendragon Property Management Ltd.
Statement of Financial Position
31 August 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 1,021,649 |  | 1,015,076 |
Investments | 6 | 75,600 |  | 78,200 |
|  | 1,097,249 |  | 1,093,276 |
Current assets |  |  |  |  |
Cash at bank and in hand |  | 3,290 |  | 14,147 |
Creditors: amounts falling due within one year | 7 | (865,332 | ) | (857,545 | )
Net current liabilities |  | (862,042 | ) | (843,398 | )
Total assets less current liabilities |  | 235,207 |  | 249,878 |
Creditors: amounts falling due after more than one year | 8 | (31,952 | ) | (48,624 | )
Net assets |  | 203,255 |  | 201,254 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Revaluation reserve |  | 165,729 |  | 157,089 |
Profit and loss account |  | 37,426 |  | 44,065 |
Shareholders funds |  | 203,255 |  | 201,254 |

For the year ending
31 August 2025
, 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
15 May 2026
, and are signed on behalf of the board by:

S Bayne
Director

Company registration number:
SC236153
Pendragon Property Management Ltd.
Notes to the Financial Statements
Year ended
31 August 2025

## 1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
5 Doonview Gardens
,
Doonfoot
,
Ayr
,
KA7 4HZ
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and fittings | 25% reducing balance
Office equipment | 33.33% straight line

## Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

##

## 4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

## 5 Tangible assets

| Land and buildings | Plant and machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost or valuation |  |  |  |  |  |
At 1 September 2024 | 1,006,360 |  | 29,699 |  | 1,036,059 |
Revaluations | 8,640 |  | - |  | 8,640 |
At 31 August 2025 | 1,015,000 |  | 29,699 |  | 1,044,699 |
Depreciation |  |  |  |  |  |
At 1 September 2024 | - |  | 20,983 |  | 20,983 |
Charge | - |  | 2,067 |  | 2,067 |
At 31 August 2025 | - |  | 23,050 |  | 23,050 |
Carrying amount |  |  |  |  |  |
At 31 August 2025 | 1,015,000 |  | 6,649 |  | 1,021,649 |
At 31 August 2024 | 1,006,360 |  | 8,716 |  | 1,015,076 |

## Investment property

The valuations of the investment properties were made as at 31st August 2023 by the directors of the company on an open market basis by reference to market evidence of transaction prices for similar properties.
On an historical cost basis, these would have been included at an original cost of £253,262 re The Willows and £600,000 re Glen Rosa.

## 6 Investments

| Other investments other than loans
--- | ---
| £
Cost or valuation |  |
At 1 September 2024 | 78,200 |
Revaluations | (2,600 | )
At 31 August 2025 | 75,600 |
Impairment |  |
At 1 September 2024 and 31 August 2025 | - |
Carrying amount |  |
At 31 August 2025 | 75,600 |
At 31 August 2024 | 78,200 |

Fixed asset investments have an original historical cost of £69,677.
The revaluation of unlisted investments was undertaken during the year to 31st August 2022 by director Stephen Bayne.

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 15,659 |  | 16,147 |
Other creditors | 849,673 |  | 841,398 |
| 865,332 |  | 857,545 |

The aggregate amount of creditors for which security has been given amounted to £13,507 (2023: £13,761)

## 8 Creditors: amounts falling due after more than one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 31,952 |  | 48,624 |

The aggregate amount of creditors falling due after more than one year for which security has been given amounted to £46,472 (2023: £59,816).
The long-term bank loans are secured by means of a bond and floating charge over the whole assets of the company as well as a standard security over the property at The Willows, 24 Alma Park, Brodick, Arran.

## 9 Directors' advances, credit and guarantees

Included within creditors is an amount of £836,760 advanced from the director Stephen Bayne. £532,852 of this balance relates to the investment property addition Glen Rosa.