Company Registration No. SC779852 (Scotland)
Bain Properties Ltd
Unaudited accounts
for the year ended 31 August 2025
Bain Properties Ltd
Unaudited accounts
Contents
Bain Properties Ltd
Company Information
for the year ended 31 August 2025
Director
Jason Dransfield Bain
Company Number
SC779852 (Scotland)
Registered Office
8 Tough Avenue
St. Fergus
Peterhead
AB42 3GB
Scotland
Bain Properties Ltd
Statement of financial position
as at 31 August 2025
Investment property
470,000
295,000
Cash at bank and in hand
4,555
42,810
Creditors: amounts falling due within one year
(207,140)
(127,433)
Net current liabilities
(194,227)
(79,672)
Total assets less current liabilities
275,773
215,328
Creditors: amounts falling due after more than one year
(287,676)
(164,003)
Provisions for liabilities
Net (liabilities)/assets
(11,903)
41,573
Called up share capital
1
1
Fair value reserve
74,446
56,448
Profit and loss account
(86,350)
(14,876)
Shareholders' funds
(11,903)
41,573
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2026 and were signed on its behalf by
Jason Dransfield Bain
Director
Company Registration No. SC779852
Bain Properties Ltd
Notes to the Accounts
for the year ended 31 August 2025
Bain Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC779852. The registered office is 8 Tough Avenue, St. Fergus, Peterhead, AB42 3GB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Bain Properties Ltd
Notes to the Accounts
for the year ended 31 August 2025
The director continues to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.
The director fully understands and acknowledges the financial position of the business and believes that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements.
Fair value at 1 September 2024
295,000
Net gain from fair value adjustments
29,573
The historic cost of the above investment properties totals £370,739. The fair value of the properties has been arrived at by the director of the company on 31 August 2025 on a market value basis.
Amounts falling due within one year
Accrued income and prepayments
5,508
4,601
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
126,511
127,433
The other loans are secured over the properties to which they relate. The director has also provided personal guarantees in relation to these.
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
287,676
164,003
The other loans are secured over the properties to which they relate. The director has also provided personal guarantees in relation to these.
8
Transactions with related parties
At the balance sheet date, the company owed £126,511 (2024: £127,433) to the director. The loan is unsecured, interest-free and repayable on demand.
Bain Properties Ltd
Notes to the Accounts
for the year ended 31 August 2025
The company is a subsidiary of Red Fox Wealth Ltd, a company registered in Scotland. The registered office address, which is also the principal place of business, is:
8 Tough Avenue
St. Fergus
Peterhead
Scotland
AB42 3GB
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).