ADELPHI SCOTT LIMITED


Director	KEANE, Robert


Registered Address	19 Adelphi
	Aberdeen
	AB11 5BL


Registered Number	SC431119 (Scotland)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Called up share capital not paid			2		2
Fixed assets
Tangible assets	3		47,993		51,702
Investment property	4		8,095,000		8,095,000
			8,142,993		8,146,702
Current assets
Debtors	5,6	1,801,699		572,289
Cash at bank and on hand		23,027		38,671
		1,824,726		610,960
Creditors amounts falling due within one year	7	(64,305)		(124,435)
Net current assets (liabilities)			1,760,423		486,527
Total assets less current liabilities			9,903,416		8,633,229
Creditors amounts falling due after one year	8		(5,289,670)		(4,026,122)
Net assets			4,613,746		4,607,107
Capital and reserves
Called up share capital			2		2
Revaluation reserve			4,223,000		4,223,000
Profit and loss account			390,744		384,105
Shareholders' funds			4,613,746		4,607,107

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 July 2026, and are signed on its behalf by:

KEANE, Robert
Director
Registered Company No. SC431119

ADELPHI SCOTT LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	10
	Fixtures and fittings	10
	Office Equipment	10

	Investment property
	Investment property held at fair value

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 November 24	18,841	44,795	576	64,212
Additions	-	2,986	-	2,986
At 31 October 25	18,841	47,781	576	67,198
Depreciation and impairment
At 01 November 24	2,381	9,899	230	12,510
Charge for year	1,884	4,753	58	6,695
At 31 October 25	4,265	14,652	288	19,205
Net book value
At 31 October 25	14,576	33,129	288	47,993
At 31 October 24	16,460	34,896	346	51,702

4.	Investment property


		£
	Fair value at 01 November 24	8,095,000
	At 31 October 25	8,095,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	1,011
Prepayments and accrued income	749	-
Total	749	1,011

6.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	1,800,949	571,278
Total	1,800,949	571,278

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	8,102	11,043
Taxation and social security	37,164	71,510
Other creditors	17,309	10,821
Accrued liabilities and deferred income	1,730	31,061
Total	64,305	124,435


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	5,270,167	4,006,662
Other creditors	19,503	19,460
Total	5,289,670	4,026,122