REGISTERED NUMBER: SC742048 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Refresh Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Burnett

REGISTERED OFFICE:

Pitmedden Farmhouse

Torphins

Banchory

AB31 4LT

REGISTERED NUMBER:

SC742048 (Scotland)

FIXED ASSETS

Tangible assets

4

5,582

7,742

Investment property

5

690,196

230,000

695,778

237,742

CURRENT ASSETS

Cash at bank

59

5,490

CREDITORS

Amounts falling due within one year

6

189,574

185,728

NET CURRENT LIABILITIES

(189,515

)

(180,238

)

TOTAL ASSETS LESS CURRENT LIABILITIES

506,263

57,504

CREDITORS

Amounts falling due after more than one year

7

600,958

77,300

NET LIABILITIES

(94,695

)

(19,796

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(94,705

)

(19,806

)

(94,695

)

(19,796

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 August 2026 and were signed by:

Mr G Burnett - Director

1.	STATUTORY INFORMATION

Refresh Property Ltd 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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

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 NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

14,131

DEPRECIATION

At 1 September 2024

6,389

Charge for year

2,160

At 31 August 2025

8,549

NET BOOK VALUE

At 31 August 2025

5,582

At 31 August 2024

7,742

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

230,000

Additions

525,196

Disposals

(65,000

)

At 31 August 2025

690,196

NET BOOK VALUE

At 31 August 2025

690,196

At 31 August 2024

230,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2024

66,851

Valuation in 2025

(27,794

)

Cost

651,139

690,196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

189,574

185,728

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

600,958

77,300

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

Mr G Burnett

Balance outstanding at start of year

115,728

45,869

Amounts advanced

23,846

71,082

Amounts repaid

-

(1,223

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

139,574

115,728