Alesia Property Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC743541 (Scotland)

Unaudited Financial Statements

For The Year Ended 30 September 2025

for

Alesia Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Miss L Mechan

Miss A Mechan

SECRETARY:

Miss A Mechan

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC743541 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

116,134

110,360

Investment property

5

145,105

261,239

255,465

CURRENT ASSETS

Debtors

6

1,614

2,719

Cash at bank

36

1,650

2,755

CREDITORS

Amounts falling due within one year

7

34,876

102,340

NET CURRENT LIABILITIES

(33,226

)

(99,585

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

228,013

155,880

CREDITORS

Amounts falling due after more than one year

8

(294,641

)

(209,750

)

PROVISIONS FOR LIABILITIES

-

(107

)

NET LIABILITIES

(66,628

)

(53,977

)

CAPITAL AND RESERVES

Called up share capital

2

Revaluation reserve

10

2,962

-

Retained earnings

(69,592

)

(53,979

)

SHAREHOLDERS' FUNDS

(66,628

)

(53,977

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

Miss L Mechan - Director

1.	STATUTORY INFORMATION

Alesia Property Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Management have reviewed the financial position and believe the business will continue for the foreseeable future. Therefore, the accounts have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

COST OR VALUATION

At 1 October 2024

112,038

-

939

112,977

Additions

-

893

-

893

Revaluations

2,962

-

2,962

At 30 September 2025

115,000

893

939

116,832

DEPRECIATION

At 1 October 2024

2,241

-

376

2,617

Charge for year

(2,241

)

134

188

(1,919

)

At 30 September 2025

-

134

564

698

NET BOOK VALUE

At 30 September 2025

115,000

759

375

116,134

At 30 September 2024

109,797

-

563

110,360

Cost or valuation at 30 September 2025 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

Valuation in 2025

115,000

893

939

116,832

If freehold land and building had not been revalued they would have been included at the following historical cost:

30.9.25

30.9.24

£

Cost

112,038

-

Freehold land and building were valued on an open market basis on 30 September 2025 by Foundation Home Loan .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

145,105

NET BOOK VALUE

At 30 September 2025

145,105

At 30 September 2024

145,105

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Other debtors

1,614

2,719

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Bank loans and overdrafts

3,627

66,524

Taxation and social security

-

1,717

Other creditors

31,249

34,099

34,876

102,340

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

Bank loans

163,941

75,750

Other creditors

130,700

134,000

294,641

209,750

9.	SECURED DEBTS

Paratus Amc Limited holds a mortgage over 37A HIgh Street, Neilston, Glasgow, G78 3HJ.

Foundation Home Loans holds a mortgage over Flat 3, 292 Hardgate, Aberdeen, AB10 6AD.

10.

RESERVES

Revaluation

reserve

£

Transfer to Revaluation Res

2,962

At 30 September 2025

2,962

11.	RELATED PARTY DISCLOSURES

A loan of £17,000 was received from Mr C Mechan (relation of director) on 9 January 2024. The loan has no fixed repayment terms and bears no interest.

A loan of £17,000 was received from Mr R Mechan (relation of director) on 9 January 2024. The loan has no fixed repayment terms and bears no interest.

The company received £96,700 from Mrs A Mechan during the 2024 accounting period. The loan has no fixed repayment terms and bears interest.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alesia Property Ltd for the year ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the 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 https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Alesia Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alesia Property Ltd and state those matters that we have agreed to state to the Board of Directors of Alesia Property Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alesia Property 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 loss of Alesia Property Ltd. You consider that Alesia Property 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 Alesia Property 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

5 June 2026