0 0 Pygmalion Properties Limited SC148743 false 2025-02-01 2026-01-31 2026-01-31 The principal activity of the company is property investors. Digita Accounts Production Advanced 6.30.9574.0 true SC148743 2025-02-01 2026-01-31 SC148743 2026-01-31 SC148743 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2026-01-31 SC148743 core:RetainedEarningsAccumulatedLosses 2026-01-31 SC148743 core:ShareCapital 2026-01-31 SC148743 core:CurrentFinancialInstruments 2026-01-31 SC148743 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 SC148743 bus:SmallEntities 2025-02-01 2026-01-31 SC148743 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 SC148743 bus:FilletedAccounts 2025-02-01 2026-01-31 SC148743 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC148743 bus:RegisteredOffice 2025-02-01 2026-01-31 SC148743 bus:Director2 2025-02-01 2026-01-31 SC148743 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2025-02-01 2026-01-31 SC148743 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC148743 core:FurnitureFittings 2025-02-01 2026-01-31 SC148743 core:PlantMachinery 2025-02-01 2026-01-31 SC148743 countries:Scotland 2025-02-01 2026-01-31 SC148743 2025-01-31 SC148743 2024-02-01 2025-01-31 SC148743 2025-01-31 SC148743 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2025-01-31 SC148743 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC148743 core:ShareCapital 2025-01-31 SC148743 core:CurrentFinancialInstruments 2025-01-31 SC148743 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: SC148743

Pygmalion Properties Limited
Unaudited Financial Statements
for the Year Ended 31 January 2026

Pygmalion Properties Limited

Contents

Director's Report | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Pygmalion Properties Limited

Director's Report for the Year Ended 31 January 2026

The Director presents his report and the financial statements for the year ended 31 January 2026.

Director of the Company

The Director who held office during the year was as follows:

Mr Michael Carolan

Principal activity

The principal activity of the Company is property investors.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 July 2026

......................................... Mr Michael Carolan Director

Pygmalion Properties Limited

(Registration number: SC148743)
Statement of Financial Position as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Investment property | 4 | 1,610,192 | 1,610,192
Current assets |  |  |
Debtors | 5 | 10,000 | 10,000
Cash at bank and in hand |  | 405,383 | 377,672
|  | 415,383 | 387,672
Creditors: Amounts falling due within one year | 6 | (54,030) | (31,208)
Net current assets |  | 361,353 | 356,464
Total assets less current liabilities |  | 1,971,545 | 1,966,656
Provisions for liabilities |  | (146,061) | (111,006)
Net assets |  | 1,825,484 | 1,855,650
Capital and reserves |  |  |
Called up share capital | 7 | 1,000 | 1,000
Retained earnings |  | 1,824,484 | 1,854,650
Shareholders' funds |  | 1,825,484 | 1,855,650

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
• | The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement and Director's Report.

Pygmalion Properties Limited

(Registration number: SC148743)
Statement of Financial Position as at 31 January 2026

Approved and authorised by the director on 22 July 2026

......................................... Mr Michael Carolan Director

Pygmalion Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1 | General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Blackadders
30/34 Reform Street
Dundee

The principal place of business is:
35 Byron Street
DUNDEE
DD3 6QT

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Pygmalion Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Pygmalion Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Depreciation

Asset class | Depreciation method and rate
Plant and Machinery | 15%
Fixtures and Fittings | 15%

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, 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.

3 | Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 0 (2025 - 0).

Pygmalion Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4 | Investment properties

| 2026 £
At 1 February | 1,610,192
At 31 January | 1,610,192

The last valuation of investment property was at 31 January 2026 by the directors and they are of the opinion that they are stated at fair value in these accounts.

5 | Debtors

Current | 2026 £ | 2025 £
Other debtors | 10,000 | 10,000
| 10,000 | 10,000

6 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 6,529 | 671
Taxation and social security | 21,686 | 11,347
Accruals and deferred income | 25,815 | 19,190
| 54,030 | 31,208

Pygmalion Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary Shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000