West End Properties (Glasgow) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC570600 (Scotland)

Unaudited Financial Statements

For The Year Ended 30 November 2025

for

West End Properties (Glasgow) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C McMillan

Mrs D McMillan

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC570600 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

6,564

6,710

Investment property

5

752,807

534,668

759,371

541,378

CURRENT ASSETS

Debtors

6

19,757

324,000

Cash at bank

15,448

13,224

35,205

337,224

CREDITORS

Amounts falling due within one year

7

27,653

79,966

NET CURRENT ASSETS

7,552

257,258

TOTAL ASSETS LESS CURRENT
LIABILITIES

766,923

798,636

CREDITORS

Amounts falling due after more than one year

8

(520,927

)

(520,928

)

PROVISIONS FOR LIABILITIES

10

(1,641

)

(1,275

)

NET ASSETS

244,355

276,433

CAPITAL AND RESERVES

Called up share capital

1

Fair value reserve

11

606

Retained earnings

243,748

275,826

244,355

276,433

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 18 August 2026 and were signed on its behalf by:

C McMillan - Director

1.	STATUTORY INFORMATION

West End Properties (Glasgow) 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 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 December 2024

26,659

1,393

28,052

Additions

-

2,377

At 30 November 2025

26,659

3,770

30,429

DEPRECIATION

At 1 December 2024

20,333

1,009

21,342

Charge for year

1,581

942

2,523

At 30 November 2025

21,914

1,951

23,865

NET BOOK VALUE

At 30 November 2025

4,745

1,819

6,564

At 30 November 2024

6,326

384

6,710

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

534,668

Additions

218,139

At 30 November 2025

752,807

NET BOOK VALUE

At 30 November 2025

752,807

At 30 November 2024

534,668

Fair value at 30 November 2025 is represented by:

£

Valuation in 2018

748

Cost

752,059

752,807

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

30.11.25

30.11.24

£

Cost

533,920

Investment property was valued on an open market basis on 30 November 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Other debtors

19,757

324,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Hire purchase contracts

-

1,757

Taxation and social security

21,942

72,437

Other creditors

5,711

5,772

27,653

79,966

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

Bank loans

520,927

520,928

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

Bank loans

520,927

520,928

The bank hold the following securities:

1. Standard security over property 11J New City Road, Glasgow, G4 9DE.

2. Standard security over property Attic Floor Flat above the second floor of the mid-terraced dwellinghouse known as 2 Alfred Terrace, Glasgow, G12 8RF.

3. Standard security over property Flat 1/2, 3 Caldercuilt Road, Glasgow, G20 0AD.

4. Standard security over property Ground Floor Flat, 2 Alfred terrace, Glasgow G12 8RF.

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

Deferred tax

1,641

1,275

Deferred

tax

£

Balance at 1 December 2024

1,275

Provided during year

366

Balance at 30 November 2025

1,641

11.

RESERVES

Fair

value

reserve

£

At 1 December 2024

and 30 November 2025

606

12.	RELATED PARTY DISCLOSURES

The company has a loan account with the director, at the end of the financial year the balance due from the director to the company was £11,665 (2024 - £77,719). The loan has no fixed repayment terms.