Ascendant Property Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC488386 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Ascendant Property Investments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Miss B M Hayworth

A K Hayworth

REGISTERED OFFICE:

9 Bellevue Crescent

Edinburgh

EH3 6ND

REGISTERED NUMBER:

SC488386 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

FIXED ASSETS

Tangible assets

4

5,525

6,855

Investment property

5

2,151,475

2,157,000

2,158,330

CURRENT ASSETS

Debtors

6

345,789

21,630

Cash at bank

289,758

714,588

635,547

736,218

CREDITORS

Amounts falling due within one year

7

15,354

16,021

NET CURRENT ASSETS

620,193

720,197

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,777,193

2,878,527

CREDITORS

Amounts falling due after more than one
year

8

(1,345,472

)

(1,351,849

)

PROVISIONS FOR LIABILITIES

(149,823

)

(149,823

)

NET ASSETS

1,281,898

1,376,855

CAPITAL AND RESERVES

Called up share capital

10

501,000

525,000

Fair Value Gains on Property Revaluations

11

939,511

Retained earnings

11

(158,613

)

(87,656

)

SHAREHOLDERS' FUNDS

1,281,898

1,376,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

A K Hayworth - Director

1.	STATUTORY INFORMATION

Ascendant Property Investments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

The company has elected to apply Section 11 'Basic Financial Instruments' of FRS102 to its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

- Debtors

Debtors with no stated interest rate or which are receivable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the income statement.

- Creditors

Creditors with no stated interest rate or which are payable within one year are recorded at the transaction price.

All interest bearing loans and borrowings which are basic financial instruments are initially recognised a the present value of cash payable. After initial recognition they are measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 November 2024

and 31 October 2025

12,679

13,975

26,654

DEPRECIATION

At 1 November 2024

11,143

8,656

19,799

Charge for year

220

1,110

1,330

At 31 October 2025

11,363

9,766

21,129

NET BOOK VALUE

At 31 October 2025

1,316

4,209

5,525

At 31 October 2024

1,536

5,319

6,855

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

2,151,475

NET BOOK VALUE

At 31 October 2025

2,151,475

At 31 October 2024

2,151,475

Fair value at 31 October 2025 is represented by:

£

Valuation in 2016

77,076

Valuation in 2017

100,688

Valuation in 2018

117,745

Valuation in 2019

(14,015

)

Valuation in 2020

169,017

Valuation in 2021

270,468

Valuation in 2022

174,404

Valuation in 2023

205,029

Valuation in 2024

(160,901

)

Cost

1,211,964

2,151,475

If investment property had not been revalued it would have been included at the following historical cost:

31.10.25

31.10.24

£

Cost

1,211,964

Investment property was valued on an open market basis on 31 October 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Other debtors

895

-

Directors' current accounts

343,467

20,176

Prepayments and accrued income

1,427

1,454

345,789

21,630

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

10,000

Social security and other taxes

1,778

2,567

Accrued expenses

3,576

3,454

15,354

16,021

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

Bank loans - 1-2 years

834

10,000

Bank loans - 2-5 years

-

834

Bank loans more 5 yrs non-inst

1,344,638

1,341,015

1,345,472

1,351,849

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,344,638

1,341,015

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Bank loans

1,355,472

1,361,849

The bank loans are secured by a floating charge over some of the company's property assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

25,000

Ordinary A

£1

25,000

Ordinary B

£1

25,000

94,000

Preference A

£1

94,000

100,000

(31.10.24 -
100,000 )

94,000

Preference B

£1

94,000

100,000

(31.10.24 -
100,000 )

188,000

Preference C

£1

188,000

200,000

(31.10.24 -
200,000 )

75,000

Preference D

£1

75,000

501,000

525,000

11.

RESERVES

Fair

Value

Gains on

Retained

Property

earnings

Revaluations

Totals

£

At 1 November 2024

(87,656

)

939,511

851,855

Deficit for the year

(70,957

)

(70,957

)

At 31 October 2025

(158,613

)

939,511

780,898

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

A K Hayworth

Balance outstanding at start of year

14,328

63,914

Amounts advanced

336,059

254,749

Amounts repaid

(114,627

)

(304,335

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

235,760

14,328

Miss B M Hayworth

Balance outstanding at start of year

5,848

5,674

Amounts advanced

235,055

11,593

Amounts repaid

(133,196

)

(11,419

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

107,707

5,848

These loans are repayable upon demand. Interest is charged at a rate of 2.25% up until 5th April 2025 and then 3.75%.

13.	ULTIMATE CONTROLLING PARTY

The Company is controlled jointly by both the Directors who each own 50% of the ordinary share capital.