REGISTERED NUMBER: SC584230 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 December 2025

for

Saa Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Ford

A N Macintyre

A E Mackay

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC584230 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

1,219,279

473,135

CURRENT ASSETS

Debtors

5

291

4,158

Cash at bank

20,508

42,094

20,799

46,252

CREDITORS

Amounts falling due within one year

6

234,320

175,150

NET CURRENT LIABILITIES

(213,521

)

(128,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,005,758

344,237

CREDITORS

Amounts falling due after more than one year

7

(869,727

)

(349,931

)

PROVISIONS FOR LIABILITIES

9

(4,310

)

-

NET ASSETS/(LIABILITIES)

131,721

(5,694

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

131,718

(5,697

)

SHAREHOLDERS' FUNDS

131,721

(5,694

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 September 2026 and were signed on its behalf by:

A N Macintyre - Director

1.	STATUTORY INFORMATION

Saa 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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2025

477,109

142,284

5,547

Additions

773,057

-

-

Disposals

-

(142,284

)

-

At 31 December 2025

1,250,166

-

5,547

DEPRECIATION

At 1 January 2025

28,565

142,284

1,591

Charge for year

25,004

-

791

Eliminated on disposal

-

(142,284

)

-

At 31 December 2025

53,569

-

2,382

NET BOOK VALUE

At 31 December 2025

1,196,597

-

3,165

At 31 December 2024

448,544

-

3,956

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

23,725

4,684

653,349

Additions

1,746

1,198

776,001

Disposals

-

-

(142,284

)

At 31 December 2025

25,471

5,882

1,287,066

DEPRECIATION

At 1 January 2025

6,237

1,537

180,214

Charge for year

2,885

1,177

29,857

Eliminated on disposal

-

-

(142,284

)

At 31 December 2025

9,122

2,714

67,787

NET BOOK VALUE

At 31 December 2025

16,349

3,168

1,219,279

At 31 December 2024

17,488

3,147

473,135

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

604

Other debtors

291

3,554

291

4,158

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

23,787

22,798

Taxation and social security

60,385

3,095

Other creditors

150,148

149,257

234,320

175,150

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

869,727

349,931

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

871,656

346,509

The Royal Bank of Scotland holds security over the following

1. All property and undertaking of the company

2. Fairhaven, Glencruitten Road, Oban

3. 7 Westbay Apartments, Oban

4. 8 Westbay Apartments, Oban

5. Kings Knoll Hotel, Oban

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

4,310

-

Deferred

tax

£

Provided during year

4,310

Balance at 31 December 2025

4,310