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Company Registration No. SC643577 (Scotland)
McAllister Properties Ltd Unaudited accounts for the year ended 31 October 2025
McAllister Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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McAllister Properties Ltd Company Information for the year ended 31 October 2025
Directors
Caroline Yin Oi McAllister Leonard Scott McAllister
Company Number
SC643577 (Scotland)
Registered Office
35 Guthrie Street Edinburgh EH1 1JG Scotland
Accountants
Ideo Business Services Ltd Unit 4 Standhill Industrial Est Whitburn Road Bathgate EH48 2HR
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McAllister Properties Ltd Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,669,499 
121,546 
Current assets
Cash at bank and in hand
22,795 
748 
Creditors: amounts falling due within one year
5
(5,522)
(24,419)
Net current assets/(liabilities)
17,273 
(23,671)
Total assets less current liabilities
1,686,772 
97,875 
Creditors: amounts falling due after more than one year
6
(1,673,381)
(86,282)
Net assets
13,391 
11,593 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
13,389 
11,591 
Shareholders' funds
13,391 
11,593 
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Leonard Scott McAllister Director Company Registration No. SC643577
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McAllister Properties Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
McAllister Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC643577. The registered office is 35 Guthrie Street, Edinburgh, EH1 1JG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2024
121,546 
Additions
1,547,953 
At 31 October 2025
1,669,499 
Depreciation
At 31 October 2025
- 
Net book value
At 31 October 2025
1,669,499 
At 31 October 2024
121,546 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
422 
509 
Other creditors
4,500 
4,500 
Loans from directors
- 
19,050 
Accruals
600 
360 
5,522 
24,419 
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McAllister Properties Ltd Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
937,174 
86,282 
Loans from directors
736,207 
- 
1,673,381 
86,282 
7
Transactions with related parties
During the year, the company entered into the following transactions with its directors, who are related parties by virtue of their office and shareholding. Acquisition of properties from directors On 23 July 2025, the company acquired eight residential investment properties from its directors, Mr Leonard Scott McAllister and Mrs Caroline Yin Oi McAllister, for a total consideration of £1,140,000, being the agreed value of the properties at the date of transfer. Acquisition costs of £19,594 (comprising Land and Buildings Transaction Tax, legal fees, and registration dues) were incurred in addition and capitalised as part of the cost of the properties, giving a total cost of £1,159,594. The transfer was funded as follows: £828,750 by new bank borrowings, secured over the properties and drawn down by the company on completion; and the balance of £330,844 (comprising the core consideration of £311,250 plus the £19,594 of acquisition costs) was left outstanding to the directors and is included within the Directors' Loan Account. The loan is unsecured and repayable on demand, with no formal loan agreement in place. It bears no interest.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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