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Company Registration No. SC548244 (Scotland)
McAslan Property Limited Unaudited accounts for the year ended 31 October 2025
McAslan Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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McAslan Property Limited Company Information for the year ended 31 October 2025
Director
Thomas McAslan
Company Number
SC548244 (Scotland)
Registered Office
104 CADZOW STREET HAMILTON ML3 6HP SCOTLAND
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McAslan Property Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
249,687
216,209
Current assets
Debtors
5
314
314
Cash at bank and in hand
23,676
16,530
23,990
16,844
Creditors: amounts falling due within one year
6
(16,213)
(20,136)
Net current assets/(liabilities)
7,777
(3,292)
Total assets less current liabilities
257,464
212,917
Creditors: amounts falling due after more than one year
7
(122,646)
(63,659)
Provisions for liabilities
Other provisions
-
(51,389)
Net assets
134,818
97,869
Capital and reserves
Called up share capital
100
100
Profit and loss account
134,718
97,769
Shareholders' funds
134,818
97,869
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 director acknowledges his 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 and authorised for issue on 26 July 2026 and were signed on its behalf by
Thomas McAslan Director Company Registration No. SC548244
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McAslan Property Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
McAslan Property Limited is a private company, limited by shares, registered in Scotland, registration number SC548244. The registered office is 104 CADZOW STREET, HAMILTON, ML3 6HP, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
2% Straight Line
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 November 2024
237,080
Additions
39,000
At 31 October 2025
276,080
Depreciation
At 1 November 2024
20,871
Charge for the year
5,522
At 31 October 2025
26,393
Net book value
At 31 October 2025
249,687
At 31 October 2024
216,209
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
314
314
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McAslan Property Limited Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,077
-
Trade creditors
6,444
6,444
Taxes and social security
7,692
7,692
Accruals
-
6,000
16,213
20,136
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
7,766
10,291
Other creditors
114,880
53,368
122,646
63,659
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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