Khoury Properties Ltd SC672025 true 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true A Al-Khoury E Al-Khoury true SC672025 2024-09-01 2025-08-31 SC672025 2025-08-31 SC672025 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2025-08-31 SC672025 core:RetainedEarningsAccumulatedLosses 2025-08-31 SC672025 core:ShareCapital 2025-08-31 SC672025 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 SC672025 core:Non-currentFinancialInstruments 2025-08-31 SC672025 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 SC672025 bus:FRS102 2024-09-01 2025-08-31 SC672025 bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC672025 bus:FullAccounts 2024-09-01 2025-08-31 SC672025 bus:RegisteredOffice 2024-09-01 2025-08-31 SC672025 bus:Director1 2024-09-01 2025-08-31 SC672025 bus:Director2 2024-09-01 2025-08-31 SC672025 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-09-01 2025-08-31 SC672025 bus:EntityHasNeverTraded 2024-09-01 2025-08-31 SC672025 bus:Consolidated 2024-09-01 2025-08-31 SC672025 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC672025 core:InvestmentPropertyIncludedWithinPPE 2024-09-01 2025-08-31 SC672025 countries:Scotland 2024-09-01 2025-08-31 SC672025 2024-08-31 SC672025 2024-08-31 SC672025 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-08-31 SC672025 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC672025 core:ShareCapital 2024-08-31 SC672025 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC672025 core:Non-currentFinancialInstruments 2024-08-31 SC672025 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC672025

Khoury Properties Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 August 2025

Khoury Properties Ltd

Profit and Loss Account for the Year Ended 31 August 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Khoury Properties Ltd

(Registration number: SC672025)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 3 | 126,434 | 126,434
Creditors: Amounts falling due within one year | 4 | (730) | (730)
Total assets less current liabilities |  | 125,704 | 125,704
Creditors: Amounts falling due after more than one year | 4 | (126,434) | (126,434)
Net liabilities |  | (730) | (730)
Capital and reserves |  |  |
Called up share capital | 5 | 100 | 100
Retained earnings |  | (830) | (830)
Shareholders' deficit |  | (730) | (730)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 April 2026 and signed on its behalf by:

......................................... A Al-Khoury Director

Khoury Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

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

The address of its registered office is:
27 North Bridge Street
Hawick
Borders
TD9 9BD
Scotland

The principal place of business is:
12 High Street
Hawick
TD9 9EH

These financial statements were authorised for issue by the Board on 8 April 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.

The financial statements are presented in Sterling (£) and rounded to the nearest £0.

Going concern

The company has net liabilities of £730 as at 31 August 2025. The company relies on the continued support of the directors to finance the day to day working requirements.
The directors consider it appropriate to prepare the Financial Statements on a going concern basis after consideration of all the information available about the foreseeable future (limited to one year from the date of approval of these financial statements) there is reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future.
If adoption of the going concern basis was inappropriate, adjustments could be required to write down assets to the assessment of their recoverable value, to reclassify fixed assets as current assets and to provide for any further liabilities that may arise.

Khoury Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Judgements

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made included:
Useful economic lives of tangible assets – the annual depreciation charge for tangible assets is sensitive to change in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation, and the physical condition of the assets.

Depreciation

Asset class | Depreciation method and rate
Investment properties | nil

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amotised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all the amounts due according to the original term of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Khoury Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it’s liabilities.
Recognition and measurement
Where shares are issued, any component that creates, a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expenses in the profit and loss account
Impairment
At the end of each reporting period financial instruments measured at fair value are assessed for objective evidence of impairment. The impairment loss is recognised in the profit and loss account.

3 | Investment properties

| 2025 £
At 1 September | 126,434
At 31 August | 126,434

There has been no valuation of investment property by an independent valuer.

4 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts due to related parties |  | 370 | 370
Accruals |  | 360 | 360
|  | 730 | 730
Due after one year |  |  |
Loans and borrowings | 6 | 126,434 | 126,434

5 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

6 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 126,434 | 126,434