REGISTERED NUMBER: SC488988 (Scotland)

Unaudited Financial Statements

for the Period

1 November 2024 to 28 October 2025

for

Ayrshire Letting and Sales Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N I McCallum

REGISTERED OFFICE:

26 Ritchie Street

Seamill

West Kilbride

Ayrshire

KA23 9AL

REGISTERED NUMBER:

SC488988 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

Westburn Business Centre

McNee Road

Prestwick

KA9 2PB

FIXED ASSETS

Tangible assets

4

1,646

14,041

CURRENT ASSETS

Debtors

5

107,399

131,361

Cash at bank

8,407

9,717

115,806

141,078

CREDITORS

Amounts falling due within one year

6

45,635

53,983

NET CURRENT ASSETS

70,171

87,095

TOTAL ASSETS LESS CURRENT LIABILITIES

71,817

101,136

CREDITORS

Amounts falling due after more than one year

7

4,126

2,145

NET ASSETS

67,691

98,991

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

67,690

98,990

SHAREHOLDERS' FUNDS

67,691

98,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2026 and were signed by:

Mr N I McCallum - Director

1.	STATUTORY INFORMATION

Ayrshire Letting and Sales Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The director reviews the cash requirements of the business on a regular basis to ensure that there are sufficient resources to meet commitments as they fall due. In addition the director introduces funds from personal sources from time to time to support business expenditure. On this basis the director has concluded that the company has sufficient resources to meet its commitments over the next year and accordingly has prepared the accounts on a going concern basis.

Turnover/revenue recognition

Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Company's activities.

Sales are presented, net of value-added tax, rebates and discounts.

The Company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the Company's activities are met.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer and other equipment

-

25% on cost

Tangible fixed assets are stated at cost less depreciation.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Hire purchase and leasing commitments

Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable over the term of the lease. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account over the shorter of estimated useful economic life and the period of the lease.

Lease payments are analysed between capital and interest components so that the interest element of the payment is charged to the profit and loss account over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.

All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight line basis over the terms of the lease.

Pension costs and other post-retirement benefits

The company operates a money purchase pension scheme in the form of employee personal pension plans. The contracts are between the individual and the pension provider and all funds are held externally by a third party pension provider. Pension contributions are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Impairment of fixed assets

At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables

Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities

Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments

A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Grants Received

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

and

Motor

and other

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

4,877

37,269

9,874

52,020

Disposals

-

(37,269

)

-

(37,269

)

At 28 October 2025

4,877

-

9,874

14,751

DEPRECIATION

At 1 November 2024

2,940

25,477

9,562

37,979

Charge for period

291

-

312

603

Eliminated on disposal

-

(25,477

)

-

(25,477

)

At 28 October 2025

3,231

-

9,874

13,105

NET BOOK VALUE

At 28 October 2025

1,646

-

-

1,646

At 31 October 2024

1,937

11,792

312

14,041

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,844

2,017

Amounts owed by associates

101,058

109,669

Amounts recoverable on

contracts

1,200

1,200

Other debtors

1,297

18,475

107,399

131,361

The directors' loan account was repaid within 9 months of the year end.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,249

5,000

Trade creditors

3,946

15,016

Taxation and social security

18,854

30,107

Other creditors

21,586

3,860

45,635

53,983

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,126

2,145

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

5,375

7,145

The bounce back loan is secured and repayable by 60 equal monthly instalments one year after draw down. Interest on all borrowings is paid at a commercial rate of interest.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 October 2025 and the year ended 31 October 2024:

2025

2024

£

£

Mrs K McCallum (deceased)

Balance outstanding at start of period

10,044

43,132

Amounts advanced

-

127,740

Amounts repaid

(10,044

)

(160,828

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

10,044

Mr N I McCallum

Balance outstanding at start of period

5,065

-

Amounts advanced

40,609

5,065

Amounts repaid

(59,530

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(13,856

)

5,065

The loan is interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year the company advanced sums to Core Property Solutions (Ayrshire) Limited, a related party due to a close family relationship. As at 31 October 2025 a balance of £101,058 was due to Ayrshire Letting and Sales Ltd (2024: £109,669)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N I McCallum.