Company No: SC195004 (Scotland)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	64,530		79,633
Investment property	4	1,346,000		1,295,000
Investments	5	1,328,422		2,256,601
		2,738,952		3,631,234
Current assets
Debtors	6	718,758		828,354
Cash at bank and in hand		588,410		633,411
		1,307,168		1,461,765
Creditors: amounts falling due within one year	7	( 60,243)		( 914,605)
Net current assets		1,246,925		547,160
Total assets less current liabilities		3,985,877		4,178,394
Creditors: amounts falling due after more than one year	8	( 1,524,312)		( 1,650,129)
Provision for liabilities		( 149,950)		( 137,200)
Net assets		2,311,615		2,391,065
Capital and reserves
Called-up share capital	9	2		2
Other reserves	11	618,661		580,411
Profit and loss account		1,692,952		1,810,652
Total shareholder's funds		2,311,615		2,391,065

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Abercrombie Property Management Limited (registered number: SC195004) were approved and authorised for issue by the Board of Directors on 13 October 2026. They were signed on its behalf by:

M S Mcelney Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Abercrombie Property Management Limited is a limited liability company, limited by shares, incorporated and registered in Scotland within the United Kingdom.

The registered office is 90a George Street, Edinburgh, Scotland, EH2 3DF.

The registered number is SC195004.

The financial statements have been prepared under the historical cost convention, modified to include certain items 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.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the reporting date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the reporting date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles	5 years straight line
Fixtures and fittings	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. 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.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

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 Statement of Financial Position 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 April 2025	79,000		4,700		83,700
Additions	0		2,457		2,457
Disposals	0		( 2,433)		( 2,433)
At 31 March 2026	79,000		4,724		83,724
Accumulated depreciation
At 01 April 2025	1,646		2,421		4,067
Charge for the financial year	15,800		1,181		16,981
Disposals	0		( 1,854)		( 1,854)
At 31 March 2026	17,446		1,748		19,194
Net book value
At 31 March 2026	61,554		2,976		64,530
At 31 March 2025	77,354		2,279		79,633

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	1,295,000
Fair value movement	51,000
As at 31 March 2026	1,346,000

Valuation

The 2026 valuations were made by external property consultants.

5. Fixed asset investments

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation
At 01 April 2025	1,606,601		650,000		2,256,601
Additions	752,700		750,000		1,502,700
Disposals	( 2,184,284)		( 100,000)		( 2,284,284)
Movement in fair value	( 595)		0		( 595)
At 31 March 2026	174,422		1,300,000		1,474,422
Provisions for impairment
At 01 April 2025	0		0		0
Impairment	0		146,000		146,000
At 31 March 2026	0		146,000		146,000
Carrying value at 31 March 2026	174,422		1,154,000		1,328,422
Carrying value at 31 March 2025	1,606,601		650,000		2,256,601

6. Debtors

	2026		2025
	£		£
Trade debtors	2,505		2,381
Prepayments and accrued income	26,503		81,223
Other debtors	689,750		744,750
	718,758		828,354

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to directors	859		1,514
Accruals and deferred income	39,093		28,125
Taxation and social security	20,291		879,216
Obligations under finance leases and hire purchase contracts (secured)	0		5,750
	60,243		914,605

Obligations under finance leases and hire purchase contracts are secured against the assets under those leases.

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

	2026		2025
	£		£
Bank loans (secured)	567,000		630,000
Obligations under finance leases and hire purchase contracts (secured)	0		12,816
Other creditors	957,312		1,007,313
	1,524,312		1,650,129

Bank loans are secured over the heritable property of the Company, and a floating charge over all other assets of the Company.
Obligations under finance leases and hire purchase contracts are secured against the assets under those leases.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

10. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed to directors	859		1,514

The loan is interest free and repayable on demand.

11. Other Reserves

Other reserves is made up of a non-distributable amount of £618,661 (2025: £580,411) for the unrealised gain on investment property.