Balmore Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC435326

Balmore Estates Limited

Filleted Unaudited Financial Statements

31 October 2025

Balmore Estates Limited

Financial Statements

Year ended 31 October 2025

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Balmore Estates Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Balmore Estates Limited

Year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Balmore Estates Limited for the year ended 31 October 2025, which comprise the statement of financial position 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 www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Balmore Estates Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Balmore Estates Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Balmore Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Balmore Estates Limited 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 Balmore Estates Limited. You consider that Balmore Estates Limited 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 Balmore Estates Limited. 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.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

21 August 2026

Balmore Estates Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,262,467	3,272,125

Current assets

Debtors	6	3,656	6,607
Cash at bank and in hand		45,725	28,730
		--------	--------
		49,381	35,337

Creditors: amounts falling due within one year	7	427,093		384,494
		---------		---------
Net current liabilities			377,712	349,157
			------------	------------
Total assets less current liabilities			2,884,755	2,922,968

Creditors: amounts falling due after more than one year	8		612,874	656,260

Provisions	474,179	474,794
	------------	------------
Net assets	1,797,702	1,791,914
	------------	------------

Capital and reserves

Called up share capital	100	100
Revaluation reserve	1,411,153	1,411,153
Profit and loss account	386,449	380,661
	------------	------------
Shareholders funds	1,797,702	1,791,914
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Balmore Estates Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 21 August 2026 , and are signed on behalf of the board by:

Mr D Paterson

Director

Company registration number: SC435326

Balmore Estates Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Greengates Glenorchard Road, Torrance, Glasgow, G64 4AJ, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% reducing balance
Equipment	-	33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Freehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 November 2024	3,260,041	23,500	8,292	3,291,833
Disposals	( 7,200)	–	–	( 7,200)
	------------	--------	-------	------------
At 31 October 2025	3,252,841	23,500	8,292	3,284,633
	------------	--------	-------	------------
Depreciation
At 1 November 2024	–	11,468	8,240	19,708
Charge for the year	–	2,406	52	2,458
	------------	--------	-------	------------
At 31 October 2025	–	13,874	8,292	22,166
	------------	--------	-------	------------
Carrying amount
At 31 October 2025	3,252,841	9,626	–	3,262,467
	------------	--------	-------	------------
At 31 October 2024	3,260,041	12,032	52	3,272,125
	------------	--------	-------	------------

The directors have reviewed the value of the investment properties at the year end and consider that they reflect fair value.

6. Debtors

	2025	2024
	£	£
Other debtors	3,656	6,607
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	40,072	36,759
Corporation tax	23,936	11,496
Social security and other taxes	–	54
Other creditors	363,085	336,185
	---------	---------
	427,093	384,494
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	612,874	656,260
	---------	---------

9. Directors' advances, credits and guarantees

At the year 31 October 2025 the company owed £93,207 to the directors (2024: £1,207). The loan is interest free, unsecured and has no fixed date of repayment.

10. Related party transactions

As at the 31st October 2025 the company owed £268,478 (2024: £269,078) to Derek Paterson Limited, a company the director has an interest in. This loan is interest free and has no fixed date of repayment.

11. Controlling party

The company was under the control of Mr D Paterson , director of the company, throughout the year.