REGISTERED NUMBER: SC678732 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

PROPERTY BY FAB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L McColgan

REGISTERED OFFICE:

230B Stonelaw Road

Rutherglen

Glasgow

G73 3SA

REGISTERED NUMBER:

SC678732 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Tangible assets

4

10,856

13,103

Investment property

5

375,833

123,000

386,689

136,103

CURRENT ASSETS

Debtors

6

1,000

-

Cash at bank

7,781

1,449

8,781

1,449

CREDITORS

Amounts falling due within one year

7

194,695

105,759

NET CURRENT LIABILITIES

(185,914

)

(104,310

)

TOTAL ASSETS LESS CURRENT LIABILITIES

200,775

31,793

CREDITORS

Amounts falling due after more than one year

8

(160,946

)

-

PROVISIONS FOR LIABILITIES

(5,412

)

(5,193

)

NET ASSETS

34,417

26,600

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

22,141

22,141

Retained earnings

12,275

4,458

34,417

26,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 2 September 2026 and were signed by:

L McColgan - Director

1.	STATUTORY INFORMATION

Property By Fab Limited 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 as modified by the revaluation of certain assets.

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 each asset over its estimated useful life.

Property improvements

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Trade debtors

Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash

Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.

Interest free loans from related parties

Loans provided to the company from related parties in the period have been made under no formal agreement. The directors have provided these loans on an interest free basis and are repayable on demand.

Going concern

The company will continue to trade with the ongoing support of the director.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Property

improvements

£

COST

At 1 April 2025

and 31 March 2026

22,465

DEPRECIATION

At 1 April 2025

9,362

Charge for year

2,247

At 31 March 2026

11,609

NET BOOK VALUE

At 31 March 2026

10,856

At 31 March 2025

13,103

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

123,000

Additions

252,833

At 31 March 2026

375,833

NET BOOK VALUE

At 31 March 2026

375,833

At 31 March 2025

123,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2024

27,334

Cost

348,499

375,833

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

1,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

2,572

1,653

Other creditors

192,123

104,106

194,695

105,759

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

160,946

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Cumberland building society

169,611

-

Cumberland Building Society hold a standard security over the property at 216 Mill Street Rutherglen, G73 2NE.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

22,141

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

L McColgan

Balance outstanding at start of year

557

557

Amounts advanced

81,352

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

81,909

557

Loans from the director are interest free and repayable upon demand.

12.	RELATED PARTY DISCLOSURES