COMPANY REGISTRATION NUMBER:
SC249604
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Filleted Unaudited Financial Statements |
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Year ended 30 September 2025
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Chartered accountants report to the director on the preparation of the unaudited statutory financial statements |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
4 |
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Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Peloton Property Limited |
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Year ended 30 September 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 Peloton Property Limited for the year ended 30 September 2025, which comprise the statement of financial position 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 www.icas.com/accountspreparationguidance. This report is made solely to the director of Peloton Property Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Peloton Property Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peloton Property Limited and its director for our work or for this report.
It is your duty to ensure that Peloton Property Limited 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 Peloton Property Limited. You consider that Peloton Property Limited 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 Peloton Property Limited. 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.
GILLILAND & COMPANY
Chartered Accountants
216 West George Street
Glasgow
G2 2PQ
9 June 2026
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Statement of Financial Position |
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30 September 2025
Fixed assets
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Tangible assets |
4 |
|
240,000 |
240,000 |
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Investments |
5 |
|
10 |
10 |
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|
--------- |
--------- |
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|
240,010 |
240,010 |
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Current assets
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Cash at bank and in hand |
4,161 |
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4,346 |
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Creditors: amounts falling due within one year |
6 |
112,186 |
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125,800 |
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--------- |
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--------- |
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Net current liabilities |
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108,025 |
121,454 |
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--------- |
--------- |
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Total assets less current liabilities |
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131,985 |
118,556 |
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--------- |
--------- |
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Net assets |
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131,985 |
118,556 |
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--------- |
--------- |
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Capital and reserves
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Called up share capital |
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100 |
100 |
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Non-distributable reserve |
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26,692 |
26,692 |
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Profit and loss account |
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105,193 |
91,764 |
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--------- |
--------- |
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Shareholders funds |
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131,985 |
118,556 |
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--------- |
--------- |
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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 income and retained earnings has not been delivered.
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
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30 September 2025
These financial statements were approved by the
board of directors
and authorised for issue on
9 June 2026
, and are signed on behalf of the board by:
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Mrs M E Williamson |
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Director |
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Company registration number:
SC249604
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Notes to the Financial Statements |
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Year ended 30 September 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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 its liabilities.
4.
Tangible assets
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Land and buildings |
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£ |
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Cost |
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At 1 October 2024 and 30 September 2025 |
240,000 |
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--------- |
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Depreciation |
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At 1 October 2024 and 30 September 2025 |
– |
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--------- |
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Carrying amount |
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At 30 September 2025 |
240,000 |
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--------- |
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At 30 September 2024 |
240,000 |
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--------- |
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Tangible assets held at valuation
In accordance with financial reporting standard FRS102 Section 1A, no depreciation is charged as the assets are valued at their fair value. These were valued on an open market basis by the director at the year end.
5.
Investments
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Other investments other than loans |
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£ |
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Cost |
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At 1 October 2024 and 30 September 2025 |
10 |
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---- |
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Impairment |
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At 1 October 2024 and 30 September 2025 |
– |
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---- |
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Carrying amount |
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At 30 September 2025 |
10 |
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---- |
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At 30 September 2024 |
10 |
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---- |
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The company holds a 0.01% interest in Hendry Investments LLP, a limited liability partnership. Accounts for the LLP to 31st March 2025 show a share of profit attributable to the company of £6.
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
105,871 |
120,871 |
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Corporation tax |
3,152 |
3,382 |
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Social security and other taxes |
717 |
717 |
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Other creditors |
2,446 |
830 |
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--------- |
--------- |
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112,186 |
125,800 |
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--------- |
--------- |
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7.
Financial instruments
For financial instruments measured at fair value, the basis for determining fair value must be disclosed. When a valuation technique is used, the assumptions applied in determining fair value for each class of financial assets or financial liabilities must be disclosed. If a reliable measure of fair value is no longer available for ordinary or preference shares measured at fair value through profit or loss, this must also be disclosed.
8.
Director's advances, credits and guarantees
As at 30th September 2025 the company owed to Morag Williamson's Family Investment Company the sum of £105,871 (2024: £120,871). This loan is interest free with no fixed date for repayment.
9.
Controlling party
The company was under the control of the Morag Williamson Family Investment Company.