REGISTERED NUMBER: SC222547 (Scotland)

Financial Statements for the Year Ended 31 March 2026

for

TABASS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Taylor

F N Nwebonyi

REGISTERED OFFICE:

17 Viewfield Gardens

Aberdeen

AB15 7XN

REGISTERED NUMBER:

SC222547 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

771,830

771,830

Investments

5

142,048

156,259

913,878

928,089

CURRENT ASSETS

Debtors

6

17,725

25,824

Cash at bank

3,374

4,119

21,099

29,943

CREDITORS

Amounts falling due within one year

7

795,721

870,193

NET CURRENT LIABILITIES

(774,622

)

(840,250

)

TOTAL ASSETS LESS CURRENT LIABILITIES

139,256

87,839

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

139,156

87,739

SHAREHOLDERS' FUNDS

139,256

87,839

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2026 and were signed on its behalf by:

S M Taylor - Director

1.	STATUTORY INFORMATION

Tabass Ltd 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.

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.

Freehold property

-

not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2025

and 31 March 2026

771,830

NET BOOK VALUE

At 31 March 2026

771,830

At 31 March 2025

771,830

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

156,259

Additions

2,913

Disposals

(22,990

)

Share of profit/(loss)

5,866

At 31 March 2026

142,048

NET BOOK VALUE

At 31 March 2026

142,048

At 31 March 2025

156,259

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

17,725

25,824

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

6,217

2,713

Other creditors

789,504

867,480

795,721

870,193

8.	RELATED PARTY DISCLOSURES

The company was under the control of S M Taylor, the director, throughout the current and previous year.

Loans 1,2, 3, 4, 5, 6 & 7 were repaid in previous years.

Loan 8

As at 31 March 2026, included within other creditors, is a balance outstanding due to the director of £180,000 (2025 - £180,000). Interest of 0.75% per annum has been paid on this loan.

Loans 9 & 10 were repaid in earlier years.

Loan 11

As at 31 March 2026, included within other creditors, is a balance outstanding due to the director of £20,000 (2025 - £20,000). No interest has been charged on this loan.

Loans 12 & 13

As at 31 March 2026, included within other creditors, is a balance outstanding due to the director of £160,000 (2025 - £160,000). No interest has been charged on this loan

Loans 14, 15 were repaid in earlier year.

Loans 16 & 17

As at 31 March 2026, included within other creditors, is a balance outstanding due to the director of £125,000 (2025 - £125,000). No interest has been charged on this loan.

Loans 18

As at 31 March 2026, included within other creditors, is a balance outstanding due to the director of £50,000 (2025 - £50,00). Interest of 0.50% per annum has been paid on this loan.

Loan 19

As at 31 March 2026, included within other creditors, is a balance outstanding due to the director of £45,000 (2025 - £50,000). No interest has been charged on this loan.

Loan 20

As at 31 March 2026, included within other creditors is a balance outstanding due to the director of £50,000 (2025 - £50,000). No interest has been charged on this loan.

Loans 21 were repaid in earlier years.

Loan 22

As at 31 March 2026, included within other creditors is a balance outstanding due to the director of £25,000 (2025 - £25,000). No interest has been charged on this loan.

Loan 23

As at 31 March 2026, included within other creditors is a balance outstanding due to the director of £47,000 (2025 - £47,000). No interest has been charged on this loan.

Loan 24 was repaid in previous years.

Loan 25

As at 31 March 2026, included in other creditors is a balance outstanding due to the director of £42,000 (2025 - £114,000). Interest of 1% per annum has been paid on this loan.

Loan 26 was repaid in previous years.

Loan 27

As at 31 March 2026, included in other creditors is a balance outstanding due to the director of £15,000 (2025 - £15,000). No interest has been charged on this loan.

Loan 28, 29 & 30 was repaid in previous years.

Loan 31

As at 31 March 2026, included in other creditors is a balance outstanding due to the director of £20,000 (2025 - £20,000). No interest has been charged on this loan.

Loan 32 was repaid in previous years.

Loan 33

As at 31 March 2026, included in other creditors is a balance outstanding due to the director of £NIL (2025 - £11,000). No interest has been charged on this loan.

Loan 34

During the year the director advanced the company £10,000. As at 31 March 2026 included within other creditors is a balance outstanding due to the director of £10,000.