Springfield Properties (Scotland) Limited 31/12/2025 iXBRL

Company registration number: SC029583

Springfield Properties (Scotland) Limited

Unaudited filleted financial statements

31 December 2025

Springfield Properties (Scotland) Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Springfield Properties (Scotland) Limited

Directors and other information


	Director	C W Robertson


	Secretary	C W Robertson


	Company number	SC029583


	Registered office	3 Braefoot Terrace
		Edinburgh
		EH16 6AA


	Business address	3 Braefoot Terrace
		Edinburgh
		EH16 6AA


	Accountants	Barrie Scott & Co.
		16-18 Weir Street
		Falkirk
		FK1 1RA

Springfield Properties (Scotland) Limited

Report to the director on the preparation of the

unaudited statutory financial statements of Springfield Properties (Scotland) Limited

Year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Springfield Properties (Scotland) Limited for the year ended 31 December 2025 which comprise the statement of financial position and 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 https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the director of Springfield Properties (Scotland) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Springfield Properties (Scotland) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/ documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Springfield Properties (Scotland) Limited and its director as a body for our work or for this report.

It is your duty to ensure that Springfield Properties (Scotland) Limited 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 loss of Springfield Properties (Scotland) Limited. You consider that Springfield Properties (Scotland) Limited 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 Springfield Properties (Scotland) Limited. 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.

Barrie Scott & Co.

Accountants & Tax Advisers

16-18 Weir Street

Falkirk

FK1 1RA

21 September 2026

Springfield Properties (Scotland) Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	23,313		31,109
Investments	6	10,952,500		11,052,500
		_______		_______
			10,975,813		11,083,609

Current assets
Debtors	7	70,525		87,500
Cash at bank and in hand		66,916		42,167
		_______		_______
		137,441		129,667
Creditors: amounts falling due
within one year	8	( 185,025)		( 1,280,908)
		_______		_______
Net current liabilities			( 47,584)		( 1,151,241)
			_______		_______
Total assets less current liabilities			10,928,229		9,932,368

Creditors: amounts falling due
after more than one year	9		( 1,250,000)		( 4,167)

Provisions for liabilities			( 1,016,836)		( 1,071,540)

			_______		_______
Net assets			8,661,393		8,856,661
			_______		_______

Capital and reserves
Called up share capital			2,250,000		2,250,000
Revaluation reserve			5,617,159		5,307,494
Special reserve			-		9,893
Fair value reserve			-		49,120
Profit and loss account			794,234		1,240,154
			_______		_______
Shareholders funds			8,661,393		8,856,661
			_______		_______

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements were approved by the board of directors and authorised for issue on 16 September 2026 , and are signed on behalf of the board by:

C W Robertson

Director

Company registration number: SC029583

Springfield Properties (Scotland) Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 3 Braefoot Terrace, Edinburgh, EH16 6AA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Revenue recognition

Revenue comprises the fair value, excluding value added tax, of rents charged during the year. Revenue is recognised at sales invoice date when the rents become due.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	33 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Investment properties are measured at fair value with changes in fair value being recognised in profit and loss. Other investments are measured at fair value with changes in fair value being recognised in profit and loss.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless an 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 instrumemt.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 7 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2025 and 31 December 2025	18,354	30,909	30,587	79,850
	_______	_______	_______	_______
Depreciation
At 1 January 2025	17,831	30,909	-	48,740
Charge for the year	150	-	7,647	7,797
	_______	_______	_______	_______
At 31 December 2025	17,981	30,909	7,647	56,537
	_______	_______	_______	_______
Carrying amount
At 31 December 2025	373	-	22,940	23,313
	_______	_______	_______	_______
At 31 December 2024	523	-	30,587	31,110
	_______	_______	_______	_______

6. Investments

	Other investments other than loans	Other loans	Total
	£	£	£
Cost or valuation
At 1 January 2025	11,027,500	25,000	11,052,500
Disposals	( 125,000)	( 25,000)	( 150,000)
Revaluations	50,000	-	50,000
	_______	_______	_______
At 31 December 2025	10,952,500	-	10,952,500
	_______	_______	_______
Impairment
At 1 January 2025 and 31 December 2025	-	-	-
	_______	_______	_______
Carrying amount
At 31 December 2025	10,952,500	-	10,952,500
	_______	_______	_______
At 31 December 2024	11,027,500	25,000	11,052,500
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	37,500	35,000
Other debtors	33,025	52,500
	_______	_______
	70,525	87,500
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	4,167	998,520
Amounts owed to group undertakings and undertakings in which the company has a participating interest	314	314
Corporation tax	-	13,025
Social security and other taxes	11,458	11,924
Other creditors	169,086	257,125
	_______	_______
	185,025	1,280,908
	_______	_______

In respect of bank loans, Bank of Scotland PLC had Standard Securities over various properties. These were satisfied in full on 28 January 2025. In respect of the bank loans, Handelsbanken has a Floating Charge and Standard Securities over various properties. The registration of these charges are detailed at Companies House.

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

	2025	2024
	£	£
Bank loans	1,250,000	4,167
	_______	_______

In respect of bank loans, Bank of Scotland PLC had Standard Securities over various properties. These were satisfied in full on 28 January 2025. In respect of the bank loans, Handelsbanken has a Floating Charge and Standard Securities over various properties. The registration of these charges are detailed at Companies House.

10. Controlling party

The company is controlled by the Trustees of the C W Robertson Trust through their control of Callson Limited , the ultimate parent undertaking.