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# ANTARES PROPERTY DEVELOPMENT LIMITED

## Company Registration Number:
SC460023 (Scotland)

## Unaudited abridged accounts for the year ended 30 September 2025

## Period of accounts

## Start date: 01 October 2024

## End date: 30 September 2025

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Contents of the Financial Statements

for the Period Ended 30 September 2025

Balance sheet |
Notes |

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Balance sheet

As at 30 September 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 577,494 | 83
Total fixed assets: |  | 577,494 | 83
Current assets
Stocks: |  | 3,939,591 | 4,169,037
Debtors: |  | 406,974 | 321,669
Cash at bank and in hand: |  | 666 | 10,022
Total current assets: |  | 4,347,231 | 4,500,728
Creditors: amounts falling due within one year: | 4 | (4,167,675) | (3,627,077)
Net current assets (liabilities): |  | 179,556 | 873,651
Total assets less current liabilities: |  | 757,050 | 873,734
Creditors: amounts falling due after more than one year: | 5 | (750,000) | (915,000)
Total net assets (liabilities): |  | 7,050 | (41,266)
Capital and reserves
Called up share capital: |  | 10,000 | 10,000
Profit and loss account: |  | (2,950) | (51,266)
Shareholders funds: |  | 7,050 | (41,266)

The notes form part of these financial statements

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Balance sheet statements

For the year ending 30 September 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 July 2026
and signed on behalf of the board by:

Name: Linda Cross
Status: Director

The notes form part of these financial statements

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Turnover policy

Revenue from rental income is recognised in the period to which it relates. The rental income is generated from an asset held within work in progress. The asset is owned with the intention of development and therefore the small element which generated rental income has not been reclassified as investment property.

## Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and machinery - 10% straight line Fixtures and fittings - 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss. INVESTMENT PROPERTIES Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors 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. Changes in fair value are recognised in the Statement of comprehensive income.

## Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

## Other accounting policies

FINANCIAL INSTRUMENTS The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income. he asset and settle the liability simultaneously. TAXATION The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority. LEASES Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term. FINANCE COSTS Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 2. Employees

| 2025 | 2024
--- | --- | ---
Average number of employees during the period | 2 | 2

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 3. Tangible Assets

| Total
--- | ---
Cost | £
At 01 October 2024 | 1,300
Additions | 577,494
At 30 September 2025 | 578,794
Depreciation |
At 01 October 2024 | 1,217
Charge for year | 83
At 30 September 2025 | 1,300
Net book value |
At 30 September 2025 | 577,494
At 30 September 2024 | 83

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 4. Creditors: amounts falling due within one year note

Trade Creditors - £48,420 Taxation and social security - £6,206 Corporation Tax - £16,557 Bank Loan - £279,025 Other creditors - £3,599,175 Accruals and deferred income - £218,292

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 5. Creditors: amounts falling due after more than one year note

Bank Loan - £750,000

# ANTARES PROPERTY DEVELOPMENT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 6. Related party transactions

Name of the related party: |
Relationship: | Directors
Description of the Transaction: | During the year, the company made repayments to the directors of £243,075. Credits were received of £482,695 which resulted in amounts due by the company to the directors at the year end of £3,599,175 (2024- £3,359,555). The loan is unsecured and interest free with no fixed repayment terms in place. In addition to the loan further amounts of £200,302 (2024 - £200,302) are due to the directors.
£
Balance at 01 October 2024 |  | 3,359,555
Balance at 30 September 2025 |  | 3,599,175