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REGISTERED NUMBER: SC319801 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Clachan Properties Limited |

| Clachan Properties Limited (Registered number: SC319801) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Clachan Properties Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | M J Hancock

| REGISTERED OFFICE: | Office 34, Hercules House

| Eskmills

| Musselburgh

| EH21 7PB

| REGISTERED NUMBER: | SC319801 (Scotland)

| ACCOUNTANTS: | A H & Co Ltd

| Chartered Accountants

| 6 Logie Mill

| Edinburgh

| Lothian

| EH7 4HG

| Clachan Properties Limited (Registered number: SC319801) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,027 |  | 1,102 |  |

Investment property | 5 | 2,775,000 |  | 2,473,677 |  |

2,776,027 |  | 2,474,779 |  |

CURRENT ASSETS

Debtors | 6 | 1,117 |  | 1,154 |  |

Cash at bank | 111,699 |  | 29,371 |  |

112,816 |  | 30,525 |  |

CREDITORS

Amounts falling due within one year | 7 | 137,392 |  | 216,066 |  |

NET CURRENT LIABILITIES | (24,576 | ) | (185,541 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,751,451 |  | 2,289,238 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,435,000 | ) | (1,214,092 | ) |

PROVISIONS FOR LIABILITIES | 9 | (116,566 | ) | (69,329 | ) |

NET ASSETS | 1,199,885 |  | 1,005,817 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 3 |  | 3 |  |

Revaluation reserve | 498,719 |  | 298,172 |  |

Retained earnings | 701,163 |  | 707,642 |  |

SHAREHOLDERS' FUNDS | 1,199,885 |  | 1,005,817 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 2 October 2025 and were signed by:

M J Hancock - Director

| Clachan Properties Limited (Registered number: SC319801) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Clachan Properties 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.

| The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors and the bank.

| Turnover

| Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Tangible fixed assets

| Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write of the cost, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

| Computer Equipment - 25% on cost

| Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

| Investment property

| Investment properties are measured at fair value annually with any change recognised in the profit and loss account.

| In accordance with Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties held as investment properties. This is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. Such properties are held for investment and not for consumption, and the directors consider that to depreciate them would not give a true and fair view.

| 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.

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

| Clachan Properties Limited (Registered number: SC319801) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

| Exemption from preparing a cash flow statement

| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - 2 ).

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 2,204 |  | - |  | 2,204 |  |

| Additions | - |  | 595 |  | 595 |  |

| At 31 March 2025 | 2,204 |  | 595 |  | 2,799 |  |

| DEPRECIATION

| At 1 April 2024 | 1,102 |  | - |  | 1,102 |  |

| Charge for year | 551 |  | 119 |  | 670 |  |

| At 31 March 2025 | 1,653 |  | 119 |  | 1,772 |  |

| NET BOOK VALUE

| At 31 March 2025 | 551 |  | 476 |  | 1,027 |  |

| At 31 March 2024 | 1,102 |  | - |  | 1,102 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 2,473,677 |  |

| Revaluations | 301,323 |  |

| At 31 March 2025 | 2,775,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,775,000 |  |

| At 31 March 2024 | 2,473,677 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 2,775,000 |  |

| Clachan Properties Limited (Registered number: SC319801) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | INVESTMENT PROPERTY - continued

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 2,108,086 |  | 2,108,086 |  |

| Investment properties were valued on an open market basis on 24 April 2024 by Shepherd, Chartered Surveyors .

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Other debtors | 1,117 |  | 1,154 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | - |  | 28,056 |  |

| Taxation and social security | - |  | 8,583 |  |

| Other creditors | 137,392 |  | 179,427 |  |

137,392 |  | 216,066 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 1,435,000 |  | 1,214,092 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 1,435,000 |  | - |  |

9. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 116,566 |  | 69,329 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 69,329 |  |

| Provided during year | 47,237 |  |

| Balance at 31 March 2025 | 116,566 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 3 | Ordinary Shares | £1 | 3 |  | 3 |  |

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| As at 31 March 2025 the company owed the director £124,078 (2024: £172,531).

| Clachan Properties Limited (Registered number: SC319801) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

12. | RELATED PARTY DISCLOSURES

|  | Type of Transaction |  | Movement in the year ended 31.03.25 |  | Movement in the year ended 31.03.24 |  | Balance receivable from/(payable to) related party as at 31.03.25 |  | Balance receivable from/(payable to) related party as at 31.03.24 |  |

|  | £ |  | £ |  | £ |  | £ |  |

| Entities over which the company has control, joint control or significant influence |  | Purchases |  | 53,734 |  | 147,000 |  | - |  | - |  |

|  | Purchase of property |  | - |  | 90,000 |  | - |  | - |  |

| The director of Clachan Properties Limited is also the director of the above related party.

13. | ULTIMATE CONTROLLING PARTY

| The controlling party is M J Hancock.