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REGISTERED NUMBER: SC254316 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 AUGUST 2024 |

| FOR |

| CORAL BAY DEVELOPMENTS LIMITED |

CORAL BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC254316) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 AUGUST 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| CORAL BAY DEVELOPMENTS LIMITED |

COMPANY INFORMATION

for the year ended 31 AUGUST 2024

| DIRECTOR: | Y W Pang

| SECRETARY: | Mrs W Y Pang

| REGISTERED OFFICE: | 27 Allendale

| East Kilbride

| G74 4JD

| REGISTERED NUMBER: | SC254316 (Scotland)

| ACCOUNTANTS: | Thomas Barrie & Co LLP

| Atlantic House

| 1a Cadogan Street

| Glasgow

| G2 6QE

CORAL BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC254316) |

STATEMENT OF FINANCIAL POSITION

31 AUGUST 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investment property | 5 | 240,000 |  | 240,000 |  |

240,000 |  | 240,000 |  |

CURRENT ASSETS

Cash at bank | 3,505 |  | 6,594 |  |

CREDITORS

Amounts falling due within one year | 6 | (16,617 | ) | (28,697 | ) |

NET CURRENT LIABILITIES | (13,112 | ) | (22,103 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 226,888 |  | 217,897 |  |

PROVISIONS FOR LIABILITIES | (13,680 | ) | (13,680 | ) |

NET ASSETS | 213,208 |  | 204,217 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 7 | 128,520 |  | 128,520 |  |

Retained earnings | 84,588 |  | 75,597 |  |

SHAREHOLDERS' FUNDS | 213,208 |  | 204,217 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CORAL BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC254316) |

STATEMENT OF FINANCIAL POSITION - continued

31 AUGUST 2024

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 16 May 2025 and were signed by:

Y W Pang - Director

CORAL BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC254316) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 AUGUST 2024

1. | STATUTORY INFORMATION

| Coral Bay Developments Limited is a private company, registered in Scotland, registered number SC254316. The registered office is 27 Allendale, East Kilbride, G74 4JD.

| The principal activity of the company is property rental.

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.

| The presentational and functional currency of the financial statements is Pounds Sterling (£).

| Significant judgements and estimates

| In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

| The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

| Valuation of investment property

| As noted below, investment property is included in the Statement of Financial Position at fair value. The valuation is based on the directors' consideration of several factors including previous professional valuations, local market conditions, estate agent valuations, and recent selling prices of similar properties.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery etc | - | 15% on cost

| Investment property

| Investment property is included at fair value. Gains/losses are recognised in the Income Statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

CORAL BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC254316) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 AUGUST 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances.

| Creditors

| Short term trade creditors are measured at the transaction price.

| Provisions

| Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

CORAL BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC254316) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 AUGUST 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 September 2023

| and 31 August 2024 | 1,797 |  |

| DEPRECIATION

| At 1 September 2023

| and 31 August 2024 | 1,797 |  |

| NET BOOK VALUE

| At 31 August 2024 | - |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 September 2023

| and 31 August 2024 | 240,000 |  |

| NET BOOK VALUE

| At 31 August 2024 | 240,000 |  |

| At 31 August 2023 | 240,000 |  |

| Fair value at 31 August 2024 is represented by:

£ |

| Valuation in 2004 | 70,200 |  |

| Valuation in 2020 | 42,000 |  |

| Valuation in 2022 | 30,000 |  |

| Cost | 97,800 |  |

240,000 |  |

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

2024 | 2023 |

£ | £ |

| Taxation and social security | 2,344 |  | 2,065 |  |

| Other creditors | 14,273 |  | 26,632 |  |

16,617 |  | 28,697 |  |

CORAL BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC254316) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 AUGUST 2024

7. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 September 2023

| and 31 August 2024 | 128,520 |  |

8. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £500 (2023 - £1,000) were paid to the director .

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

CORAL BAY DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coral Bay Developments Limited for the year ended 31 August 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Coral Bay Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coral Bay Developments Limited and state those matters that we have agreed to state to the director of Coral Bay Developments Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Coral Bay Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coral Bay Developments Limited. You consider that Coral Bay Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coral Bay Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

Date: .............................................