Company Registration No. SC755742 (Scotland)
Lothians Properties Ltd
Unaudited accounts
for the year ended 31 January 2026
Lothians Properties Ltd
Unaudited accounts
Contents
Lothians Properties Ltd
Company Information
for the year ended 31 January 2026
Director
Mr Maciej Jacek Kowalski
Company Number
SC755742 (Scotland)
Registered Office
11 SHIEL HALL CRESCENT
ROSEWELL
MIDLOTHIAN
EH24 9DD
UNITED KINGDOM
Accountants
Litke Wood & Co Limited
105 Witton Street
Northwich
Cheshire
CW9 5DR
Lothians Properties Ltd
Statement of financial position
as at 31 January 2026
Tangible assets
398
198,826
Investment property
661,192
-
Cash at bank and in hand
86,734
3,496
Creditors: amounts falling due within one year
(135,870)
(188,030)
Net current liabilities
(46,136)
(181,534)
Total assets less current liabilities
615,454
35,208
Creditors: amounts falling due after more than one year
(634,073)
(47,484)
Net liabilities
(18,619)
(12,276)
Profit and loss account
(18,719)
(12,376)
Shareholders' funds
(18,619)
(12,276)
For the year ending 31 January 2026 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2026 and were signed on its behalf by
Mr Maciej Jacek Kowalski
Director
Company Registration No. SC755742
Lothians Properties Ltd
Notes to the Accounts
for the year ended 31 January 2026
Lothians Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC755742. The registered office is 11 SHIEL HALL CRESCENT, ROSEWELL, MIDLOTHIAN, EH24 9DD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Depreciation is not provided for in connection with investment properties.
Lothians Properties Ltd
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2025
198,428
398
198,826
Transfer to investment property
(198,428)
-
(198,428)
At 31 January 2026
-
398
398
At 31 January 2026
-
398
398
At 31 January 2025
198,428
398
198,826
At 31 January 2026
661,192
6
Investments
Other investments
Valuation at 1 February 2025
17,916
Valuation at 31 January 2026
-
Amounts falling due within one year
Accrued income and prepayments
3,000
3,000
8
Creditors: amounts falling due within one year
2026
2025
Loans from directors
134,386
188,030
9
Creditors: amounts falling due after more than one year
2026
2025
Amounts owed to group undertakings and other participating interests
125,001
-
Lothians Properties Ltd
Notes to the Accounts
for the year ended 31 January 2026
10
Average number of employees
During the year the average number of employees was 0 (2025: 0).