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REGISTERED NUMBER: SC119651 (Scotland)

| Edinburgh City Homes (Two) Limited |

| Unaudited Financial Statements |

| for the Year Ended 31 January 2023 |

| Edinburgh City Homes (Two) Limited (Registered number: SC119651) |

Contents of the Financial Statements

for the Year Ended 31 January 2023

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Edinburgh City Homes (Two) Limited |

Company Information

for the Year Ended 31 January 2023

| DIRECTORS: | J Crooks

| J S Milne

| SECRETARY: | J Crooks

| REGISTERED OFFICE: | 12 Regent Terrace

| Edinburgh

| EH7 5BN

| REGISTERED NUMBER: | SC119651 (Scotland)

| BANKERS: | Bank of Scotland

| 300 Lawnmarket

| Edinburgh

| EH1 2PH

| Edinburgh City Homes (Two) Limited (Registered number: SC119651) |

Balance Sheet

31 January 2023

| 2023 | 2022 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investments | 5 | 99,814 |  | 187,005 |  |

Investment property | 6 | 450,000 |  | 450,000 |  |

549,814 |  | 637,005 |  |

CURRENT ASSETS

Debtors | 7 | 1,350 |  | - |  |

Cash at bank | 105,717 |  | 142,913 |  |

107,067 |  | 142,913 |  |

CREDITORS

Amounts falling due within one year | 8 | 6,070 |  | 37,403 |  |

NET CURRENT ASSETS | 100,997 |  | 105,510 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 650,811 |  | 742,515 |  |

PROVISIONS FOR LIABILITIES | 1,140 |  | 21,800 |  |

NET ASSETS | 649,671 |  | 720,715 |  |

CAPITAL AND RESERVES

Called up share capital | 83,890 |  | 83,890 |  |

Fair value reserve | 9 | 79,916 |  | 167,996 |  |

Retained earnings | 9 | 485,865 |  | 468,829 |  |

SHAREHOLDERS' FUNDS | 649,671 |  | 720,715 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

| Edinburgh City Homes (Two) Limited (Registered number: SC119651) |

Balance Sheet - continued

31 January 2023

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 5 July 2023 and were signed on its behalf by:

J Crooks - Director

| Edinburgh City Homes (Two) Limited (Registered number: SC119651) |

Notes to the Financial Statements

for the Year Ended 31 January 2023

1. | STATUTORY INFORMATION

| Edinburgh City Homes (Two) Limited 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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 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.

| 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.

| Edinburgh City Homes (Two) Limited (Registered number: SC119651) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2023

2. | ACCOUNTING POLICIES - continued

| Investments

| Investments are stated at market value. Any revaluation gains are recognised in the fair value reserve.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2022 - NIL).

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 February 2022

| and 31 January 2023 | 8,904 |  |

| DEPRECIATION

| At 1 February 2022

| and 31 January 2023 | 8,904 |  |

| NET BOOK VALUE

| At 31 January 2023 | - |  |

| At 31 January 2022 | - |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investment

£ |

| COST OR VALUATION

| At 1 February 2022 | 187,005 |  |

| Additions | 21,549 |  |

| Revaluations | (108,740 | ) |

| At 31 January 2023 | 99,814 |  |

| NET BOOK VALUE

| At 31 January 2023 | 99,814 |  |

| At 31 January 2022 | 187,005 |  |

| The cost and market value of the investments listed on the London Stock Exchange as at 31 January 2023 were £208,649 (2022: £187,100) and £99,814 (2021: £187,005) respectively.

| Edinburgh City Homes (Two) Limited (Registered number: SC119651) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2023

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 February 2022

| and 31 January 2023 | 450,000 |  |

| NET BOOK VALUE

| At 31 January 2023 | 450,000 |  |

| At 31 January 2022 | 450,000 |  |

| If investment property had not been revalued they would have been included at the following historical cost:

|  | 2023 |  |  | 2022 |  |

| £ |  |  | £ |  |

| Cost |  | 260,109 |  |  | 260,109 |  |

| Investment properties were valued on an open basis on 31 January 2023 by the director.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Other debtors | 1,350 |  | - |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Tax | 5,070 |  | 36,403 |  |

| Other creditors | 1,000 |  | 1,000 |  |

6,070 |  | 37,403 |  |

| Edinburgh City Homes (Two) Limited (Registered number: SC119651) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2023

9. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 February 2022 | 468,829 |  | 167,996 |  | 636,825 |  |

| Deficit for the year | (71,044 | ) | (71,044 | ) |

| Revaluation in year | 88,080 |  | (88,080 | ) | - |  |

| At 31 January 2023 | 485,865 |  | 79,916 |  | 565,781 |  |

| The fair value reserve represents the net revaluation surplus on investments and investment properties that is not readily distributable as realised earnings.