Easy Living Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC411442 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Easy Living Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K G Davidson

T C Davidson

R A Davidson

P J Davidson

SECRETARY:

T C Davidson

REGISTERED OFFICE:

6 Logie Mill

Beaverbank Business Park

Edinburgh

East Lothian

EH7 4HG

REGISTERED NUMBER:

SC411442 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

37,274

67,299

Investments

6

2,216,243

2,146,442

2,253,517

2,213,741

CURRENT ASSETS

Stocks

221,378

132,708

Debtors

7

1,344,291

2,418,189

Cash at bank

1,112,786

865,039

2,678,455

3,415,936

CREDITORS

Amounts falling due within one year

8

1,059,770

2,023,453

NET CURRENT ASSETS

1,618,685

1,392,483

TOTAL ASSETS LESS CURRENT LIABILITIES

3,872,202

3,606,224

CREDITORS

Amounts falling due after more than one year

9

-

(6,583

)

PROVISIONS FOR LIABILITIES

10

(550,005

)

(539,516

)

NET ASSETS

3,322,197

3,060,125

CAPITAL AND RESERVES

Called up share capital

11

285

400

Capital redemption reserve

12

115

-

Fair value reserve

12

1,647,670

1,595,319

Retained earnings

12

1,674,127

1,464,406

SHAREHOLDERS' FUNDS

3,322,197

3,060,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 13 August 2026 and were signed on its behalf by:

K G Davidson - Director

1.	STATUTORY INFORMATION

Easy Living Developments 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.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover is measured at the fair value of consideration received or receivable and represents the amounts receivable for the property, net of discounts and VAT. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value to date, based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance, the amounts are recorded as deferred income and included as part of the creditor due within one year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Plant and machinery

-

33% and 50% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Short leasehold

-

20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investments in joint ventures

Investments in joint ventures are recognised at fair value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease

Stocks

Work in progress is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

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

Assets held under finance leases, hire purchases and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the lease to produce a constant periodic rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimates can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 44 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 December 2024

and 30 November 2025

1,200

AMORTISATION

At 1 December 2024

and 30 November 2025

1,200

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

COST

At 1 December 2024

8,032

132,746

3,757

198,005

342,540

Additions

-

12,067

1,524

-

13,591

Disposals

-

(197

)

-

(197

)

At 30 November 2025

8,032

144,616

5,281

198,005

355,934

DEPRECIATION

At 1 December 2024

8,032

110,957

3,622

152,630

275,241

Charge for year

-

21,778

449

21,388

43,615

Eliminated on disposal

-

(196

)

-

(196

)

At 30 November 2025

8,032

132,539

4,071

174,018

318,660

NET BOOK VALUE

At 30 November 2025

-

12,077

1,210

23,987

37,274

At 30 November 2024

-

21,789

135

45,375

67,299

6.	FIXED ASSET INVESTMENTS

Interest

in joint

Other

venture

investments

Totals

£

COST OR VALUATION

At 1 December 2024

2,127,642

18,800

2,146,442

Revaluations

69,801

-

69,801

At 30 November 2025

2,197,443

18,800

2,216,243

NET BOOK VALUE

At 30 November 2025

2,197,443

18,800

2,216,243

At 30 November 2024

2,127,642

18,800

2,146,442

Cost or valuation at 30 November 2025 is represented by:

Interest

in joint

Other

venture

investments

Totals

£

Valuation in 2024

2,127,092

-

2,127,092

Valuation in 2025

69,801

-

69,801

Cost

550

18,800

19,350

2,197,443

18,800

2,216,243

If fixed asset investments had not been revalued they would have been included at the following historical cost:

30.11.25

30.11.24

as restated

£

Cost

19,350

Fixed asset investments were valued on an open market basis on 30 November 2025 by a director .

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint ventures

AEL Developments Limited

Registered office: Suite 4.3, 4th Floor Exchange Court, 1 Dale Street, Liverpool, United Kingdom, L2 2ET

Nature of business: Development of building projects

%

Class of shares:

holding

Ordinary

50.00

30.11.25

30.11.24

£

Aggregate capital and reserves

4,793,606

4,819,104

Profit for the year

1,467,357

1,216,140

Devonshaw Leisure Ltd

Registered office: Unit 17 Eastfield Business Park, Newark Road South, Glenrothes, Scotland, KY7 4NS

Nature of business: Construction of domestic buildings

%

Class of shares:

holding

Ordinary

50.00

31.1.26

31.1.25

£

Aggregate capital and reserves

(30,680

)

(28,874

)

Loss for the year

(1,806

)

(971

)

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

as restated

£

Trade debtors

822,106

1,133,709

Other debtors

522,185

1,284,480

1,344,291

2,418,189

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

as restated

£

Hire purchase contracts

6,583

7,900

Trade creditors

643,215

866,262

Taxation and social security

159,230

251,945

Other creditors

250,742

897,346

1,059,770

2,023,453

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

as restated

£

Hire purchase contracts

-

6,583

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

as restated

£

Deferred tax

550,005

539,516

Deferred

tax

£

Balance at 1 December 2024

539,516

Provided during year

(6,961

)

Revaluation of investments

17,450

Balance at 30 November 2025

550,005

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

as restated

£

160

Ordinary shares

£1

160

200

125

Non-voting B

£1

125

200

285

400

During the year, the company bought back 40 ordinary shares and 75 non-voting B shares for £865,350. The 115 shares were cancelled and a capital redemption reserve of £115 was created. Further information for the reserves is given in note 15.

12.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

Totals

£

At 1 December 2024

1,464,406

-

1,595,319

3,059,725

Profit for the year

1,269,884

Dividends

(194,813

)

(194,813

)

Purchase of own shares

(865,350

)

115

-

(865,235

)

Deferred tax

-

(17,450

)

(17,450

)

Revaluation

-

69,801

At 30 November 2025

1,674,127

115

1,647,670

3,321,912

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director owed the company £570 as at 30th November 2025 (2024: £nil).

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £194,813 (2024 - £636,000) were paid to the directors .

Related Party

Transaction

Amount in the year
ended

Balance
receivable/
(payable) as at

30.11.25

30.11.24

30.11.25

30.11.24

£

Company A

Loan

(705,640)

-

705,640

Interest

13,690

69,642

-

Sales

11,174,204

12,591,441

811,835

1,132,921

Dividends

1,000,000

500,000

-

Company B

Loan

65,000

15,000

302,000

237,000

Sales

51,534

19,864

-

Company C

Loan

(79,938)

14,728

-

79,938

Company D

Loan

-

5,000

Easy Living Developments Limited is a shareholder of Company A, Company B and Company C.

A director of Easy Living Developments is a shareholder of Company D.

15.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.