Company registration number:
SC558162
Young Properties (Scotland) Ltd
Unaudited filleted financial statements
28 February 2026
Young Properties (Scotland) Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Young Properties (Scotland) Ltd
Directors and other information
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Directors |
Mr Ross William Young |
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Company number |
SC558162 |
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Registered office |
4 Lothian Street |
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Dalkeith |
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EH22 1DS |
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Business address |
4 Lothian Street |
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Dalkeith |
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EH22 1DS |
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Accountants |
Ian J Brown & Company |
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4 Lothian Street |
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Dalkeith |
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EH22 1DS |
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Young Properties (Scotland) Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Young Properties (Scotland) Ltd
Year ended 28 February 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Young Properties (Scotland) Ltd for the year ended 28 February 2026 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Young Properties (Scotland) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Young Properties (Scotland) Ltd and state those matters that we have agreed to state to the board of directors of Young Properties (Scotland) Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Young Properties (Scotland) Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Young Properties (Scotland) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Young Properties (Scotland) Ltd. You consider that Young Properties (Scotland) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Young Properties (Scotland) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ian J Brown & Company
Chartered Accountant
4 Lothian Street
Dalkeith
EH22 1DS
15 July 2026
Young Properties (Scotland) Ltd
Statement of financial position
28 February 2026
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2026 |
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2025 |
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£ |
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£ |
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Fixed assets |
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662,151 |
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677,500 |
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_______ |
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Current assets |
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35,781 |
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26,842 |
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Creditors: amounts falling due within one year |
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(
141,431) |
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(
143,991) |
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_______ |
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_______ |
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Net current liabilities |
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(
105,650) |
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(
117,149) |
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_______ |
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Total assets less current liabilities |
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556,501 |
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560,351 |
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Creditors: amounts falling due after more than one year |
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(
535,220) |
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535,220) |
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Accruals and deferred income |
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(
720) |
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(
640) |
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_______ |
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Net assets |
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20,561 |
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24,491 |
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Capital and reserves |
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20,561 |
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24,491 |
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_______ |
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Notes to the financial statements
Young Properties (Scotland) Ltd
Year ended 28 February 2026
1.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2026 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Ross William Young |
(
139,481) |
766 |
- |
(
138,715) |
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_______ |
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2025 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Ross William Young |
(
170,204) |
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30,723 |
(
139,481) |
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For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
15 July 2026
, and are signed on behalf of the board by:
Mr Ross William Young
Director
Company registration number:
SC558162
The company is a private company limited by shares, registered in Scotland.