Softbear Property Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC585406

Softbear Property Ltd

Filleted Unaudited Financial Statements

31 January 2026

Softbear Property Ltd

Financial Statements

Year ended 31 January 2026

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

Softbear Property Ltd

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Softbear Property Ltd

Year ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Softbear Property Ltd for the year ended 31 January 2026, 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 Softbear Property Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Softbear Property Ltd 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 Softbear Property Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Softbear Property Ltd 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 Softbear Property Ltd. You consider that Softbear Property Ltd 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 Softbear Property Ltd. 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

26 August 2026

Softbear Property Ltd

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	4		691,243	522,000

Current assets

Debtors	5	–	4,759
Cash at bank and in hand		1,719	2,296
		-------	-------
		1,719	7,055

Creditors: amounts falling due within one year	6	474,177		382,048
		---------		---------
Net current liabilities			472,458	374,993
			---------	---------
Total assets less current liabilities			218,785	147,007

Creditors: amounts falling due after more than one year	7		87,750	97,500

Provisions	27,188	7,486
	---------	---------
Net assets	103,847	42,021
	---------	---------

Capital and reserves

Called up share capital	2	2
Revaluation reserve	98,885	47,110
Profit and loss account	4,960	( 5,091)
	---------	--------
Shareholders funds	103,847	42,021
	---------	--------

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 comprehensive income has not been delivered.

For the year ending 31 January 2026 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 .

Softbear Property Ltd

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

Mrs S Finch

Director

Company registration number: SC585406

Softbear Property Ltd

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 8A North Kirklands, Holehouse Road, Eaglesham, Glasgow, G76 0JF, 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 equivalent

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 in 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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

4. Tangible assets

	Precious metals	Investment Property	Total
	£	£	£
Cost or valuation
At 1 February 2025	–	522,000	522,000
Additions	100,209	–	100,209
Revaluations	21,034	48,000	69,034
	---------	---------	---------
At 31 January 2026	121,243	570,000	691,243
	---------	---------	---------
Depreciation
At 1 February 2025 and 31 January 2026	–	–	–
	---------	---------	---------
Carrying amount
At 31 January 2026	121,243	570,000	691,243
	---------	---------	---------
At 31 January 2025	–	522,000	522,000
	---------	---------	---------

The properties have been valued at open market value at the year end by the directors.

5. Debtors

	2026	2025
	£	£
Prepayments and accrued income	–	4,759
	----	-------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Accruals and deferred income	2,034	2,523
Director loan accounts	472,143	379,525
	---------	---------
	474,177	382,048
	---------	---------

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

	2026	2025
	£	£
Bank loans and overdrafts	87,750	97,500
	--------	--------

The Mortgage Works (UK) plc have been granted security over one of the properties owned by the company in respect of loan borrowings.

8. Directors' advances, credits and guarantees

At the year end the company owed the directors, Mr & Mrs Finch, £472,143 (2025: £379,525). This loan interest free, unsecured and repayable on demand.

9. Controlling party

The company is under the control of the directors, by virtue of their shareholdings.