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REGISTERED NUMBER: SC547256 (Scotland)

| Financial Statements |

| for the Year Ended 31 December 2022 |

| for |

| Dalglen (No.1810) Limited |

| Dalglen (No.1810) Limited (Registered number: SC547256) |

Contents of the Financial Statements

for the Year Ended 31 December 2022

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Dalglen (No.1810) Limited |

Company Information

for the Year Ended 31 December 2022

| DIRECTOR: | J Easdale

| REGISTERED OFFICE: | 99 Earnhill Road

| Larkfield Industrial Estate

| Greenock

| Renfrewshire

| PA16 0EQ

| REGISTERED NUMBER: | SC547256 (Scotland)

| AUDITORS: | Henderson & Company

| 73 Union Street

| Greenock

| Renfrewshire

| PA16 8BG

| Dalglen (No.1810) Limited (Registered number: SC547256) |

Balance Sheet

31 December 2022

| 2022 | 2021 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 10,488 |  | 10,804 |  |

Investment property | 5 | 11,108,193 |  | 10,836,307 |  |

11,118,681 |  | 10,847,111 |  |

CURRENT ASSETS

Debtors | 6 | 2,704,190 |  | 2,263,147 |  |

Cash at bank | 172,522 |  | 358,643 |  |

2,876,712 |  | 2,621,790 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,706,071 |  | 3,677,819 |  |

NET CURRENT LIABILITIES | (829,359 | ) | (1,056,029 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,289,322 |  | 9,791,082 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 4,591,238 |  | 4,908,290 |  |

NET ASSETS | 5,698,084 |  | 4,882,792 |  |

CAPITAL AND RESERVES

Called up share capital | 2,411,202 |  | 2,411,202 |  |

Retained earnings | 3,286,882 |  | 2,471,590 |  |

5,698,084 |  | 4,882,792 |  |

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 director and authorised for issue on 29 September 2023 and were signed by:

J Easdale - Director

| Dalglen (No.1810) Limited (Registered number: SC547256) |

Notes to the Financial Statements

for the Year Ended 31 December 2022

1. | STATUTORY INFORMATION

| Dalglen (No.1810) 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.

| 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 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.

| 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.

| Plant and machinery etc | - | 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.

| Taxation

| The tax expense for the year comprises current and deferred tax.

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

| Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Dalglen (No.1810) Limited (Registered number: SC547256) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2022

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

| Creditors

| Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2021 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2022 | 13,504 |  |

| Additions | 1,150 |  |

| At 31 December 2022 | 14,654 |  |

| DEPRECIATION

| At 1 January 2022 | 2,700 |  |

| Charge for year | 1,466 |  |

| At 31 December 2022 | 4,166 |  |

| NET BOOK VALUE

| At 31 December 2022 | 10,488 |  |

| At 31 December 2021 | 10,804 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2022 | 10,836,307 |  |

| Additions | 530,886 |  |

| Disposals | (259,000 | ) |

| At 31 December 2022 | 11,108,193 |  |

| NET BOOK VALUE

| At 31 December 2022 | 11,108,193 |  |

| At 31 December 2021 | 10,836,307 |  |

| Dalglen (No.1810) Limited (Registered number: SC547256) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2022

5. | INVESTMENT PROPERTY - continued

| The director is of the opinion that the fair value of the company's investment properties at 31.12.22 was £11,108,193 (2021 - £10,836,307).

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

2022 | 2021 |

£ | £ |

| Trade debtors | 78,629 |  | 32,744 |  |

| Other debtors | 2,625,561 |  | 2,230,403 |  |

2,704,190 |  | 2,263,147 |  |

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

2022 | 2021 |

£ | £ |

| Bank loans and overdrafts | 279,655 |  | 269,760 |  |

| Trade creditors | 46,026 |  | 86,256 |  |

| Taxation and social security | 374,506 |  | 297,449 |  |

| Other creditors | 3,005,884 |  | 3,024,354 |  |

3,706,071 |  | 3,677,819 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2022 | 2021 |

£ | £ |

| Bank loans | 4,591,238 |  | 4,908,290 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2022 | 2021 |

£ | £ |

| Bank loans | 4,857,989 |  | 5,178,050 |  |

| The bank and other finance provider have securities over the properties which the company owns.

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| John Henderson (Senior Statutory Auditor)

| for and on behalf of Henderson & Company

11. | RELATED PARTY DISCLOSURES

| At 31 December 2022 the company was owed £1,797,496 (2021- £1,944,777) from companies in which J. Easdale, director, had an interest in. At 31 December 2022 the company owed £2,843,503 (2021 - £2,875,544) to companies in which J. Easdale, director, had an interest in. All of loans are interest free and there are no fixed repayment dates.

| Dalglen (No.1810) Limited (Registered number: SC547256) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2022

12. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.