Company No: SC433906 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	48,497		61,421
Investment property	4	576,744		766,574
		625,241		827,995
Current assets
Cash at bank and in hand		42,695		48,468
		42,695		48,468
Creditors: amounts falling due within one year	5	( 50,308)		( 10,695)
Net current (liabilities)/assets		(7,613)		37,773
Total assets less current liabilities		617,628		865,768
Creditors: amounts falling due after more than one year	6	( 689,386)		( 849,756)
Net (liabilities)/assets		( 71,758)		16,012
Capital and reserves
Called-up share capital	7	2		2
Profit and loss account		( 71,760 )		16,010
Total shareholder's (deficit)/funds		( 71,758)		16,012

For the financial year ending 31 October 2025 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 Hendong Properties Limited (registered number: SC433906) were approved and authorised for issue by the Board of Directors on 30 October 2026. They were signed on its behalf by:

Iain Henry 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

Hendong Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Megray House, Ury, Stonehaven, AB39 3QA, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. In assessing the appropriateness of this basis, the directors have considered the company's forecast cash flows, funding requirements and available financial support.
Although the company was in a net deficit position at the year end, the director has confirmed that he will continue to provide financial support to the company for at least the next 12 months as required through his director's loan account and does not intend to seek repayment of amounts owing within the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received for rent in the normal course of business.

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 Balance Sheet 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 or reducing balance basis over its expected useful life, as follows:

Vehicles	3 years straight line
Fixtures and fittings	10 years straight line
Office equipment	3 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

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 Balance Sheet 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 November 2024	81,744		55,992		1,356		139,092
Additions	0		1,656		0		1,656
Disposals	0		( 27,000)		0		( 27,000)
At 31 October 2025	81,744		30,648		1,356		113,748
Accumulated depreciation
At 01 November 2024	22,998		54,183		490		77,671
Charge for the financial year	13,915		213		452		14,580
Disposals	0		( 27,000)		0		( 27,000)
At 31 October 2025	36,913		27,396		942		65,251
Net book value
At 31 October 2025	44,831		3,252		414		48,497
At 31 October 2024	58,746		1,809		866		61,421

4. Investment property

	Investment property
	£
Valuation
As at 01 November 2024	766,574
Disposals	(189,830)
As at 31 October 2025	576,744

Investment property now comprises of three residential flats as one was sold during the year. The directors have considered the market value of the properties at 31 October 2025 and concluded that there have been no material changes since acquisition.

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	2,938		2,798
Obligations under finance leases and hire purchase contracts (secured)	47,370		7,897
	50,308		10,695

The loans in respect of the hire purchase agreements are secured against the asset to which the agreements relates to.

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	0		47,370
Other creditors	689,386		802,386
	689,386		849,756

The loans in respect of the hire purchase agreements are secured against the asset to which the agreements relates to.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Key management personnel	689,386		802,386