The financial statements were approved and authorised for issue by the Board of Directors on 28 September 2025.

Duntaylor Developments Ltd is a private company limited by shares, registered in Scotland. The address of the registered office and registration number are as below:

61 Dublin Street

Edinburgh

EH3 6NL

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

The nature of the company's operations and principal activities during the year was the developing and selling of residential property.

The financial statements have been prepared on the historical cost basis.

The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. See the note titled Going concern for further information.

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, taxes receivable and cash at bank, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Basic financial liabilities, which include trade and other creditors, bank and other loans and taxes due are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.

The company has an unrecognised deferred tax asset of £140,352 (2023: £136,250) which has arisen from losses carried forward. Its recoverability is dependent upon future taxable profits arising, the likelihood of which cannot at this stage be determined with reasonable certainty.

At the year end, the company had net liabilities of £561,306 (2023: £550,935). Included in Other creditors is a director's loan of £1,303,651 (2023: £1,349,478). The director is not seeking immediate repayment of this loan, which is non-interest bearing. The director will continue to support the company, and on that basis, the financial statements are prepared on a going concern basis.

The Royal Bank of Scotland PLC had a floating charge covering all the property or undertaking of the company which was satisfied on 15 April 2025.