LATHERON PROPERTIES (SCOTLAND) LIMITED


Directors	AITKEN, William John Scott
	SALL, Annabel Frances


Registered Address	10 Bon Accord Square
	Aberdeen
	AB11 6DJ


Registered Number	SC458800 (Scotland)

Balance Sheet as at
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		400,000		712,675
			400,000		712,675
Current assets
Debtors		4,794		65
Cash at bank and on hand		19,709		24,797
		24,503		24,862
Creditors amounts falling due within one year	4	(188,950)		(253,008)
Net current assets (liabilities)			(164,447)		(228,146)
Total assets less current liabilities			235,553		484,529
Creditors amounts falling due after one year	5		(190,770)		(223,290)
Net assets			44,783		261,239
Capital and reserves
Called up share capital			99		99
Profit and loss account			44,684		261,140
Shareholders' funds			44,783		261,239

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 September 2026, and are signed on its behalf by:

AITKEN, William John Scott
Director
Registered Company No. SC458800

LATHERON PROPERTIES (SCOTLAND) LIMITED

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Investment property


		£
	Fair value at 01 October 24	712,675
	Fair value adjustments	(312,675)
	At 30 September 25	400,000

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	28,686	24,852
Amounts owed to related parties	150,378	215,192
Taxation and social security	4,559	5,638
Accrued liabilities and deferred income	5,327	7,326
Total	188,950	253,008

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	190,770	223,290
Total	190,770	223,290