FTL Property Ltd

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

Registered number: SC692885

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets			579,696		579,696

			579,696		579,696
CURRENT ASSETS
Cash at bank and in hand		7,473		1,118

		7,473		1,118
Creditors: Amounts Falling Due Within One Year	4	(255,399 )		(255,348 )

NET CURRENT ASSETS (LIABILITIES)			(247,926 )		(254,230 )

TOTAL ASSETS LESS CURRENT LIABILITIES			331,770		325,466

Creditors: Amounts Falling Due After More Than One Year	5		(336,075 )		(336,075 )

NET LIABILITIES			(4,305 )		(10,609 )

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			(4,306 )		(10,610 )

SHAREHOLDERS' FUNDS			(4,305)		(10,609)

Page 1

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FTL Property Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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

Mrs Frances Leckie

Director

6th July 2026

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

1. General Information

FTL Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC692885 . The registered office is The Toll House, Tweedsmuir, Biggar, ML12 6QS.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Accruals and deferred income	651	600
Directors' loan accounts	254,748	254,748

	255,399	255,348

5. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	336,075	336,075

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

7. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mrs Frances Leckie	254,748	-	-	-	254,748

The above loan is unsecured, interest free and repayable on demand.

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FTL Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Ultimate Controlling Party

The company's ultimate controlling party is Frances Leckie by virtue of her ownership of 100% of the issued share capital in the company.

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