Auckland Property Co Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC738390 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 July 2025

for

Auckland Property Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs K C Mcculloch

S A Mcculloch

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC738390 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

1,735

75,656

Investment property

5

989,217

973,711

990,952

1,049,367

CURRENT ASSETS

Debtors

6

1,835

530

Cash at bank

5,848

2,981

7,683

3,511

CREDITORS

Amounts falling due within one year

7

12,261

11,450

NET CURRENT LIABILITIES

(4,578

)

(7,939

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

986,374

1,041,428

CREDITORS

Amounts falling due after more than one
year

8

1,065,138

1,189,093

NET LIABILITIES

(78,764

)

(147,665

)

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

10

46,401

56,979

Retained earnings

(125,265

)

(204,744

)

SHAREHOLDERS' FUNDS

(78,764

)

(147,665

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 30 July 2026 and were signed on its behalf by:

Mrs K C Mcculloch - Director

1.	STATUTORY INFORMATION

Auckland Property Co 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 as modified by the revaluation of certain assets.

The business will continue to be supported by its directors and therefore the accounts have been prepared on a going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 August 2024

77,200

-

77,200

Additions

-

2,041

Reclassification/transfer

(77,200

)

-

(77,200

)

At 31 July 2025

-

2,041

DEPRECIATION

At 1 August 2024

1,544

-

1,544

Charge for year

-

306

Eliminated on disposal

(1,544

)

-

(1,544

)

At 31 July 2025

-

306

NET BOOK VALUE

At 31 July 2025

-

1,735

At 31 July 2024

75,656

-

75,656

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

973,711

Additions

112,461

Disposals

(163,577

)

Revaluations

(10,578

)

Reclassification/transfer

77,200

At 31 July 2025

989,217

NET BOOK VALUE

At 31 July 2025

989,217

At 31 July 2024

973,711

Fair value at 31 July 2025 is represented by:

£

Valuation in 2024

973,711

Valuation in 2025

15,506

989,217

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

31.7.25

31.7.24

£

Cost

942,815

916,731

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

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Other debtors

1,835

530

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Amounts owed to group undertakings

9,861

9,561

Other creditors

2,400

1,889

12,261

11,450

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.25

31.7.24

£

Bank loans

833,431

767,801

Other creditors

231,707

421,292

1,065,138

1,189,093

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

833,431

767,801

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

Bank loans

833,431

767,801

At 31st July 2025, the company's borrowings were secured by standard securities granted over certain investment properties owned by the company.The company had outstanding charges in favour of . These The Mortgage Works, Lendinvest BTL Ltd, Together Commercial Finance Ltd, Paratus AMC Ltd and Shawbrook Bank Ltd. These charges provide the lenders with fixed security over the relevant properties and secure the repayment of the related loan facilities together with any associated interest, fees and costs.The carrying amount of the assets subject to these securities is included within investment properties in the balance sheet.

10.

RESERVES

Fair

value

reserve

£

At 1 August 2024

56,979

Transfer to fair value reserve

(10,578

)

At 31 July 2025

46,401

11.	RELATED PARTY DISCLOSURES

As at 31/07/2025 Auckland Property Co Ltd is due £9,561 from Auckland Growth Co Ltd and £300 from Sleepy Deepy Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Auckland Property Co Ltd for the year ended 31 July 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the 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 https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Auckland Property Co Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Auckland Property Co Ltd and state those matters that we have agreed to state to the Board of Directors of Auckland Property Co Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Auckland Property Co 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 profit of Auckland Property Co Ltd. You consider that Auckland Property Co 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 Auckland Property Co 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

30 July 2026