IMA Property Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC766542

		31 August 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		85,000		67,353

			85,000		67,353
CURRENT ASSETS
Debtors	5	-		159
Cash at bank and in hand		6,026		-

		6,026		159
Creditors: Amounts Falling Due Within One Year	6	(70,149 )		(68,051 )

NET CURRENT ASSETS (LIABILITIES)			(64,123 )		(67,892 )

TOTAL ASSETS LESS CURRENT LIABILITIES			20,877		(539 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,353 )		-

NET ASSETS/(LIABILITIES)			17,524		(539 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			17,523		(540 )

SHAREHOLDERS' FUNDS			17,524		(539)

Page 1

Page 2

IMA Property Ltd

Balance Sheet (continued)

As At 31 August 2025

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Iain MacLeod

Director

29/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

IMA Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC766542 . The registered office is 9 Woodside Terrace, Edinburgh, EH15 2JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

Not depreciated

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 September 2024	67,353
Revaluation	17,647

As at 31 August 2025	85,000

Net Book Value
As at 31 August 2025	85,000

As at 1 September 2024	67,353

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IMA Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Debtors

	31 August 2025	31 August 2024
	£	£
Due within one year
Other debtors	-	159

6. Creditors: Amounts Falling Due Within One Year

	31 August 2025	31 August 2024
	£	£
Other creditors	69,392	68,051
Taxation and social security	757	-

	70,149	68,051

7. Share Capital

	31 August 2025	31 August 2024
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

9. Ultimate Controlling Party

The company's ultimate controlling party is Iain MacLeod by virtue of his ownership of 100% of the issued share capital in the company.