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Company registration number: SC259819
Wright Properties (Scotland) Limited
Unaudited filleted financial statements
31 August 2025
Wright Properties (Scotland) Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Wright Properties (Scotland) Limited
Directors and other information

| Directors | V J Bell
|  | K A Bell
| Secretary | V J Bell
| Company number | SC259819
| Registered office | 41 Charlotte Square
|  | Edinburgh
|  | EH2 4HQ
| Accountants | EQ Accountants Limited
|  | 41 Charlotte Square
|  | Edinburgh
|  | EH2 4HQ

Wright Properties (Scotland) Limited
Statement of financial position
31 August 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 4,196 |  |  |  | 3,590 |  |
Investments |  | 6 | 1,439,934 |  |  |  | 1,439,934 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 1,444,130 |  |  |  | 1,443,524
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 7 | 111,142 |  |  |  | - |  |
Cash at bank and in hand |  |  | 741 |  |  |  | 545 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 111,883 |  |  |  | 545 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 453,745) |  |  |  | ( 655,377) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 341,862) |  |  |  | ( 654,832)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 1,102,268 |  |  |  | 788,692
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 9 |  |  | ( 676,019) |  |  |  | ( 361,901)
Provisions for liabilities |  |  |  |  | ( 7,549) |  |  |  | -
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 418,700 |  |  |  | 426,791
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 10 |  |  | 2 |  |  |  | 2
Revaluation reserve |  |  |  |  | 289,680 |  |  |  | 289,680
Profit and loss account |  |  |  |  | 129,018 |  |  |  | 137,109
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 418,700 |  |  |  | 426,791
|  |  |  |  | _______ |  |  |  | _______

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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 April 2026 , and are signed on behalf of the board by:
K A Bell
Director
Company registration number: SC259819
Wright Properties (Scotland) Limited
Notes to the financial statements
Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 41 Charlotte Square, Edinburgh, EH2 4HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2023. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 1313.
Turnover
Rent is measured at the fair value of the rent receivable in the period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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, except to the extent 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 in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fittings fixtures and equipment | - | 25% reducing balance |

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of future payments discounted at a market rate of interest for a debt instrument. Debt instruments are subsequently measured at amortised cost. Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash and short term highly liquid investments. Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
5. Tangible assets

|  | Fixtures, fittings and equipment | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 September 2024 | 12,208 | 12,208 |  |  |  |  |
| Additions | 2,005 | 2,005 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 August 2025 | 14,213 | 14,213 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 September 2024 | 8,618 | 8,618 |  |  |  |  |
| Charge for the year | 1,399 | 1,399 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 August 2025 | 10,017 | 10,017 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 August 2025 | 4,196 | 4,196 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 August 2024 | 3,590 | 3,590 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

6. Investments

|  | Investment property | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 September 2024 and 31 August 2025 | 1,439,934 | 1,439,934 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 September 2024 and 31 August 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 August 2025 | 1,439,934 | 1,439,934 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 August 2024 | 1,439,934 | 1,439,934 |  |  |  |
|  | _______ | _______ |  |  |  |

The investment property is included in the financial statements at directors' valuation. In the opinion of the directors, the value at 31 August 2025 is a fair reflection of the market value on existing use basis.
7. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Other debtors |  | 111,142 | -
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 17,488 | 16,280
| Corporation tax |  | 7,570 | 12,243
| Other creditors |  | 428,687 | 626,854
|  |  | _______ | _______
|  |  | 453,745 | 655,377
|  |  | _______ | _______

Bank loans consist of loans from Clydesdale Bank and Paragon Mortgages and are secured by standard securities over company properties .
9. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 676,019 | 361,901
|  |  | _______ | _______

Bank loans consist of loans from Clydesdale Bank and Paragon Mortgages and are secured by standard securities over company properties .
10. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 2 |  | 2 |  | 2 |  | 2
|  |  | _______ |  | _______ |  | _______ |  | _______

11. Directors advances, credits and guarantees
Included in creditors is a loan from the directors to the company of £49,346 (2024: £34,419). The loan is interest free and repayable on demand.
12. Related party transactions
Included in debtors is a loan from the company to Blue Properties (Scotland) Limited of £109,877 (2024: Nil). The directors are also directors of this company. The loan is interest free and repayable on demand. Included in creditors is a loan from Vincent Bell Hairdressing Limited of £213,716 (2024: £203,003). Vincent Bell is also a director of this company. The loan is interest free and repayable on demand. Included in creditors is a loan from Karen & Vincent Bell Training Limited of £152,641 (2024: £376,181). Karen Bell is also a director of this company. The loan is interest free and repayable on demand.
13. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2023.
Reconciliation of equity
No transitional adjustments were required.
Reconciliation of profit or loss for the year
No transitional adjustments were required.