Strathmore Property Holdings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC716690 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

STRATHMORE PROPERTY HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Goldie

A Goldie

REGISTERED OFFICE:

Stanley House

69/71 Hamilton Road

Motherwell

ML1 3DG

REGISTERED NUMBER:

SC716690 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Tangible assets

4

3,803

4,404

Investment property

5

80,000

83,803

84,404

CURRENT ASSETS

Debtors

6

14,600

Cash at bank

8,075

7,480

22,675

22,080

CREDITORS

Amounts falling due within one year

7

3,797

3,715

NET CURRENT ASSETS

18,878

18,365

TOTAL ASSETS LESS CURRENT
LIABILITIES

102,681

102,769

CREDITORS

Amounts falling due after more than one
year

8

95,000

NET ASSETS

7,681

7,769

CAPITAL AND RESERVES

Called up share capital

2

Fair value reserve

10

8,240

Retained earnings

(561

)

(473

)

SHAREHOLDERS' FUNDS

7,681

7,769

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 October 2026 and were signed on its behalf by:

J Goldie - Director

1.	STATUTORY INFORMATION

Strathmore Property Holdings 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.

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.

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.

Rental income

Rental income leased out under operating leases is recognised on a straight-line basis over the term of the lease.

Going concern

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Property

improvements

£

COST

At 1 June 2025

and 31 May 2026

6,006

DEPRECIATION

At 1 June 2025

1,602

Charge for year

601

At 31 May 2026

2,203

NET BOOK VALUE

At 31 May 2026

3,803

At 31 May 2025

4,404

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2025

and 31 May 2026

80,000

NET BOOK VALUE

At 31 May 2026

80,000

At 31 May 2025

80,000

Fair value at 31 May 2026 is represented by:

£

Valuation in 2023

6,240

Valuation in 2024

2,000

Cost

71,760

80,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Other debtors

14,600

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Other creditors

3,797

3,715

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.26

31.5.25

£

Bank loans

60,000

Other creditors

35,000

95,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

60,000

9.	SECURED DEBTS

Aldemore Bank Plc has security over 295 Shields Road, Motherwell, ML1 2LD.

10.

RESERVES

Fair

value

reserve

£

At 1 June 2025

and 31 May 2026

8,240

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2026 and 31 May 2025:

31.5.26

31.5.25

£

J Goldie and A Goldie

Balance outstanding at start of year

1,205

764

Amounts advanced

312

20,441

Amounts repaid

-

(20,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,517

1,205

12.	RELATED PARTY DISCLOSURES

J Goldie was 100% shareholder of Strathmore Cost Consultants Ltd until it was dissolved on 11 June 2024. In the period to 31 May 2025 £14,000 due to the company has been released to the profit and loss account.

J Goldie and A Goldie are the 100% shareholders of JAG Investments Ltd. Included within other debtors is a balance of £13,300 (2025:£13,300) due from the company.