Scollin Properties Ltd. 31/08/2025 iXBRL

Company registration number: SC268030

Scollin Properties Ltd.

Unaudited filleted abridged financial statements

31 August 2025

Scollin Properties Ltd.

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Scollin Properties Ltd.

Directors and other information


	Directors	Nancy Scollin
		Norma Scollin
		Jennifer Brown


	Company number	SC268030


	Registered office	9 Keilburn
		Lundin Links
		Fife
		KY8 6DD


	Accountants	Paterson Boyd & Co
		Chartered Certified Accountants
		8 Mitchell Street
		Leven
		Fife
		KY8 4HJ




	Bankers	Virgin Money
		40 St Vincent Street
		Glasgow
		G1 2HL

		Bank of Scotland
		The Mound
		Edinburgh
		EH1 1YZ

Scollin Properties Ltd.

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Scollin Properties Ltd.

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scollin Properties Ltd. for the year ended 31 August 2025 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Scollin Properties Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Scollin Properties Ltd. and state those matters that we have agreed to state to the board of directors of Scollin Properties Ltd. as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scollin Properties Ltd. and its board of directors as a body for our work or for this report.

It is your duty to ensure that Scollin Properties Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scollin Properties Ltd.. You consider that Scollin Properties Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Scollin Properties Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Paterson Boyd & Co

Chartered Certified Accountants

8 Mitchell Street

Leven

Fife

KY8 4HJ

27 May 2026

Scollin Properties Ltd.

Abridged statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	1,075,000		1,120,000
		_______		_______
			1,075,000		1,120,000

Current assets
Cash at bank and in hand		13,502		25,367
		_______		_______
		13,502		25,367
Creditors: amounts falling due
within one year		( 504,273)		( 525,778)
		_______		_______
Net current liabilities			( 490,771)		( 500,411)
			_______		_______
Total assets less current liabilities			584,229		619,589

Creditors: amounts falling due
after more than one year			( 221,873)		( 237,782)
			_______		_______
Net assets			362,356		381,807
			_______		_______

Capital and reserves
Called up share capital			100		100
Revaluation reserve			80,263		107,453
Profit and loss account			281,993		274,254
			_______		_______
Shareholders funds			362,356		381,807
			_______		_______

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 abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

Nancy Scollin

Director

Company registration number: SC268030

Scollin Properties Ltd.

Statement of changes in equity

Year ended 31 August 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 September 2023	100	107,453	262,271	369,824

Profit for the year			11,983	11,983
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	11,983	11,983

	_______	_______	_______	_______
At 31 August 2024 and 1 September 2024	100	80,263	274,254	354,617

Profit for the year			7,739	7,739
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	7,739	7,739

	_______	_______	_______	_______
At 31 August 2025	100	80,263	281,993	362,356
	_______	_______	_______	_______

Scollin Properties Ltd.

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 9 Keilburn, Lundin Links, Fife, KY8 6DD.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, gross of Value Added Tax.

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:

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.

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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.

4. Tangible assets


		£
	Cost
	At 1 September 2024	1,120,000
	Disposals	( 45,000)
		_______
	At 31 August 2025	1,075,000
		_______
	Depreciation
	At 1 September 2024 and 31 August 2025	-
		_______
	Carrying amount
	At 31 August 2025	1,075,000
		_______
	At 31 August 2024	1,120,000
		_______