New Age Developers (Lothian) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC405847 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

New Age Developers (Lothian) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr K A Fawaz

A Fawaz

REGISTERED OFFICE:

4a Glenfinlas Street

Edinburgh

EH3 6AQ

REGISTERED NUMBER:

SC405847 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

CURRENT ASSETS

Stocks

1,257,264

1,252,662

Debtors

4

330,061

336,317

Cash at bank

448

661

1,587,773

1,589,640

CREDITORS

Amounts falling due within one year

5

2,966

5,801

NET CURRENT ASSETS

1,584,807

1,583,839

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,584,807

1,583,839

CREDITORS

Amounts falling due after more than one
year

6

814,600

808,950

NET ASSETS

770,207

774,889

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

770,206

774,888

770,207

774,889

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 28 August 2026 and were signed on its behalf by:

Dr K A Fawaz - Director

1.	STATUTORY INFORMATION

New Age Developers (Lothian) 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.

Stocks

Work in progress includes original purchase price of the development, associated fees and construction costs to date.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties.

The company has elected to apply Section 11 'Basic Financial Instruments' of FRS102 to its financial

instruments. Financial instruments are recognised in the company's statement of financial position when the

company becomes party to the contractual provisions of the instrument.

- Debtors

Debtors with no stated interest rate or which are receivable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the income statement.

- Creditors

Creditors with no stated interest rate or which are payable within one year are recorded at the transaction price.

All interest bearing loans and borrowings which are basic financial instruments are initially recognised a the

present value of cash payable. After initial recognition they are measured at amortised cost.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Other debtors

318,130

325,350

VAT

389

955

Deferred tax asset

11,542

9,981

Prepayments and accrued income

-

31

330,061

336,317

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade creditors

574

3,412

Accrued expenses

2,392

2,389

2,966

5,801

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

Directors' loan accounts

814,600

808,950

7.	RELATED PARTY DISCLOSURES

30.11.24

£

Amount due from related parties

318,130

325,350

Amount owed to key management personnel

814,600

808,950

During the year the directors advanced £5,650 (2024: £102,550) to key management personnel. No interest is being charged on the outstanding balance.