Acorah Software Products - Accounts Production 19.4.351 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 SC626512 James Gregg David Acton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC626512 2024-12-31 SC626512 2025-12-31 SC626512 2025-01-01 2025-12-31 SC626512 frs-core:CurrentFinancialInstruments 2025-12-31 SC626512 frs-core:Non-currentFinancialInstruments 2025-12-31 SC626512 frs-core:ShareCapital 2025-12-31 SC626512 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC626512 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC626512 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 SC626512 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC626512 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC626512 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC626512 frs-bus:Director1 2025-01-01 2025-12-31 SC626512 frs-bus:Director2 2025-01-01 2025-12-31 SC626512 frs-countries:Scotland 2025-01-01 2025-12-31 SC626512 2023-12-31 SC626512 2024-12-31 SC626512 2024-01-01 2024-12-31 SC626512 frs-core:CurrentFinancialInstruments 2024-12-31 SC626512 frs-core:Non-currentFinancialInstruments 2024-12-31 SC626512 frs-core:ShareCapital 2024-12-31 SC626512 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: SC626512
Grampian Commercial Property Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC626512
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 575,000 575,000
575,000 575,000
CURRENT ASSETS
Debtors 5 1,333 1,762
Cash at bank and in hand 46,100 45,969
47,433 47,731
Creditors: Amounts Falling Due Within One Year 6 (281,602 ) (296,786 )
NET CURRENT ASSETS (LIABILITIES) (234,169 ) (249,055 )
TOTAL ASSETS LESS CURRENT LIABILITIES 340,831 325,945
Creditors: Amounts Falling Due After More Than One Year 7 (240,556 ) (265,000 )
NET ASSETS 100,275 60,945
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 100,175 60,845
SHAREHOLDERS' FUNDS 100,275 60,945
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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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
James Gregg
Director
David Acton
Director
21 September 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grampian Commercial Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC626512 . The registered office is Formanlea, Cobairdy, Huntly, Aberdeenshire, AB54 7YB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
2.2. Turnover
Turnover represents amounts receivable in respect of property rental, net of VAT.
Revenue from property rental is recognised on the accruals basis over the term of the relevant lease.
2.3. Investment Properties
Investment property is intially recognised at cost, which includes the purchase cost and any directly attributable expeniture. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.  Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2.4. Financial Instruments
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year. 
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Investment Property
2025
£
Fair Value
As at 1 January 2025 and 31 December 2025 575,000
Investment property comprises of a commercial property.  The fair value of the investment property has been arrived at on the basis of a valuation carried out on 27 July 2023 by F G Burnett, Chartered Surveyors.  This valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.  The directors consider this valuation to remain appropriate as at 31 December 2025.
If the investment property had been accounted for under historical cost accounting rules, the property would have been measured as follows:
2025 2024
£ £
Cost 726,710 726,710
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,333 -
Other debtors - 1,762
1,333 1,762
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,236 10,688
Bank loans and overdrafts 24,444 24,444
Other creditors 241,965 243,637
Taxation and social security 13,957 18,017
281,602 296,786
The bank loan is secured by a fixed charge over the property at Craigearn Business Park, Morrison Way, Kintore, AB51 0TH and a floating charge over the property and undertakings of the company.
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 240,556 265,000
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
100 Ordinary Shares of of £1 each
9. Related Party Transactions
As at 31 December 2025, the company was due the directors £240,446 (2024 - £240,446). These loans are interest free with no set repayment terms.
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