Bairsto Property Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC053187 (Scotland)

Financial Statements for the Year Ended 31 January 2026

for

Bairsto Property Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Alexander

P B Alexander

A W Alexander

REGISTERED OFFICE:

5 Rubislaw Terrace

Aberdeen

AB10 1XE

REGISTERED NUMBER:

SC053187 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

1,239

2,204

Investments

5

609,639

361,812

Investment property

6

250,227

865,227

861,105

1,229,243

CURRENT ASSETS

Debtors

7

4,587

4,461

Cash at bank

81,569

296,061

86,156

300,522

CREDITORS

Amounts falling due within one year

8

81,805

34,026

NET CURRENT ASSETS

4,351

266,496

TOTAL ASSETS LESS CURRENT
LIABILITIES

865,456

1,495,739

PROVISIONS FOR LIABILITIES

9

12,270

73,275

NET ASSETS

853,186

1,422,464

CAPITAL AND RESERVES

Called up share capital

10

100

Fair value reserve

11

47,841

532,903

Retained earnings

805,245

889,461

SHAREHOLDERS' FUNDS

853,186

1,422,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 28 July 2026 and were signed on its behalf by:

Mrs S A Alexander - Director

1.	STATUTORY INFORMATION

Bairsto Property Company 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.

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 etc

-

20% 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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

and 31 January 2026

10,371

DEPRECIATION

At 1 February 2025

8,167

Charge for year

965

At 31 January 2026

9,132

NET BOOK VALUE

At 31 January 2026

1,239

At 31 January 2025

2,204

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2025

361,812

Additions

303,500

Disposals

(86,431

)

Revaluations

30,758

At 31 January 2026

609,639

NET BOOK VALUE

At 31 January 2026

609,639

At 31 January 2025

361,812

Cost or valuation at 31 January 2026 is represented by:

Other

investments

£

Valuation in 2025

65,415

Valuation in 2026

30,757

Cost

513,467

609,639

6.	INVESTMENT PROPERTY

The properties were revalued as per valuations carried out by D M Hall on 18th April 2025. The directors' believes that these values are accurate at 31st January 2026. The properties are reported at open market value, which is described by the valuers as the estimated amount for which an asset should exchange on the date of valuation between a willing buyer and a willing seller in an arm's length transaction, after proper marketing, wherein the parties had each acted knowledgeably, prudently and without compulsion. Open market value is considered to equate to fair value.

Fair value at 31 January 2026 is represented by:

£

Valuation in 2025

532,903

Valuation in 2026

(485,062

)

Cost

202,386

250,227

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Other debtors

4,587

4,461

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Taxation and social security

53,158

-

Other creditors

28,647

34,026

81,805

34,026

9.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

Deferred tax

12,270

73,275

Deferred

tax

£

Balance at 1 February 2025

73,275

Accelerated capital allowances

(61,005

)

Balance at 31 January 2026

12,270

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

100

Ordinary

1

100

11.

RESERVES

Fair

value

reserve

£

At 1 February 2025

532,903

Revaluation in the year

(485,062

)

At 31 January 2026

47,841

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.