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COMPANY REGISTRATION NUMBER: SC825830

Coutts Lets Ltd

Filleted Unaudited Financial Statements

31 October 2025

Coutts Lets Ltd

Statement of Financial Position

31 October 2025

| 31 Oct 25
Note | £

Fixed assets

Tangible assets | 4 | 129,101

Current assets

Debtors | 5 | 1,300
Cash at bank and in hand | 2,254
| -------
| 3,554

Creditors: amounts falling due within one year | 6 | 55,893
| --------
Net current liabilities | 52,339
| ---------
Total assets less current liabilities | 76,762

Creditors: amounts falling due after more than one year | 7 | 81,811
| --------
Net liabilities | ( 5,049)
| --------

Capital and reserves

Called up share capital | 2
Profit and loss account | ( 5,051)
| -------
Shareholders deficit | ( 5,049)
| -------

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 income statement has not been delivered.
For the period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Coutts Lets Ltd

Statement of Financial Position (continued)

31 October 2025
These financial statements were approved by the board of directors and authorised for issue on 14 July 2026 , and are signed on behalf of the board by:

Mr P Coutts |
Director |

Company registration number: SC825830

Coutts Lets Ltd

Notes to the Financial Statements

Period from 14 October 2024 to 31 October 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 102 Brude's Hill, Inverness, IV3 8AT.
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.
Going concern
The company's total liabilities exceeded its total assets by £5,049. The majority of the company's liabilities consist of a loan due to the parent entity which has confirmed itwill continue to support the company for at least the next 12 months. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis.
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.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets

| Freehold property | Fixtures and fittings | Total
| £ | £ | £
Cost |  |  |
At 14 October 2024 | – | – | –
Additions | 127,344 | 1,757 | 129,101
| --------- | ------- | ---------
At 31 October 2025 | 127,344 | 1,757 | 129,101
| --------- | ------- | ---------
Depreciation |  |  |
At 14 October 2024 and 31 October 2025 | – | – | –
| --------- | ------- | ---------
Carrying amount |  |  |
At 31 October 2025 | 127,344 | 1,757 | 129,101
| --------- | ------- | ---------

5. Debtors

| 31 Oct 25
| £
Other debtors | 1,300
| -------

6. Creditors: amounts falling due within one year

| 31 Oct 25
| £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 52,358
Other creditors | 3,535
| --------
| 55,893
| --------

7. Creditors: amounts falling due after more than one year

| 31 Oct 25
| £
Bank loans and overdrafts | 81,811
| --------

8. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:

| 31 Oct 25
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr P Coutts | – | 1,000 | 1,000
|  | ---- | ------- | -------

This loan is interest free and has no definite terms of repayment.
9. Related party transactions
The company has taken advantage of the FRS 102 1AC.35 exemption available to those subsidiaries that are 100% owned. Accordingly, disclosure is not made of any related party transactions with the company's parent company.
10. Controlling party
The company is a 100% subsidiary of Paul Coutts Estate Agency Ltd , a company registered in Scotland with the registration number SC795817 and registered office at 102 Brude's Hill, Inverness, Scotland, IV3 8AT .