REGISTERED NUMBER: SC287102 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UGIE INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

Mr J G S Strachan

Mrs S Strachan

Mrs M Patrick

Mr B Strachan

Mrs N Homewood

SECRETARY:

Masson Glennie LLP

REGISTERED OFFICE:

Broad House

Broad Street

Peterhead

Aberdeenshire

AB42 1HY

REGISTERED NUMBER:

SC287102 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

BANKERS:

Santander Business Banking

Bridle Road

Bootle

Liverpool

L30 4GB

SOLICITORS:

Masson Glennie LLP

Broad House

Broad Street

Peterhead

Aberdeenshire

AB42 1HY

FIXED ASSETS

Tangible assets

4

336,216

358,375

Investment property

5

3,485,000

3,680,000

3,821,216

4,038,375

CURRENT ASSETS

Debtors

6

109,430

1,389,175

Cash at bank

7,155,831

5,643,104

7,265,261

7,032,279

CREDITORS

Amounts falling due within one year

7

441,184

841,973

NET CURRENT ASSETS

6,824,077

6,190,306

TOTAL ASSETS LESS CURRENT LIABILITIES

10,645,293

10,228,681

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

10,645,292

10,228,680

SHAREHOLDERS' FUNDS

10,645,293

10,228,681

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 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.

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 10 October 2025 and were signed on its behalf by:

Mr J G S Strachan - Director

1.	STATUTORY INFORMATION

Ugie Investments 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.

Turnover represents net invoiced rents and crop sales.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than agricultural land, over their estimated useful life or, if held under a finance lease, over the term of the lease, whichever is the shorter. The rates applicable are:

Motor vehicles

- 20% on cost

Plant and equipment

- 20% straight line

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investment property

Investment property is carried at fair value. Fair value gains and losses are recognised in the income statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold and on losses where these losses are expected to reverse in the future.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern

At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future, and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Land &

Plant and

Motor

buildings

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

181,700

32,110

275,093

488,903

Additions

-

-

51,000

51,000

Disposals

-

-

(49,267

)

(49,267

)

At 31 March 2025

181,700

32,110

276,826

490,636

DEPRECIATION

At 1 April 2024

-

31,040

99,488

130,528

Charge for year

-

1,070

51,561

52,631

Eliminated on disposal

-

-

(28,739

)

(28,739

)

At 31 March 2025

-

32,110

122,310

154,420

NET BOOK VALUE

At 31 March 2025

181,700

-

154,516

336,216

At 31 March 2024

181,700

1,070

175,605

358,375

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,680,000

Disposals

(195,000

)

At 31 March 2025

3,485,000

NET BOOK VALUE

At 31 March 2025

3,485,000

At 31 March 2024

3,680,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

34,152

-

Amounts owed by related parties

-

1,313,304

Other debtors

1,075

1,075

Prepayments and accrued income

74,203

74,796

109,430

1,389,175

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

62,611

83,480

Taxation

142,109

574,311

Social security and other taxes

9,965

93,822

VAT

34,305

44,635

Other creditors

102,926

12,526

Accruals and deferred income

89,268

33,199

441,184

841,973

8.

RESERVES

Retained

earnings

£

At 1 April 2024

10,228,680

Profit for the year

416,612

At 31 March 2025

10,645,292

9.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Valuation

At 1 April 2024

-

1,839,804

Additions

-

-

Disposals

-

(1,839,804

)

Movement in fair value

-

-

At 31 March 2025

-

-

Current asset investments are quoted investments measured at fair value through profit or loss. The quoted market price amounted to £0 (2024: £0).

10.	RELATED PARTY DISCLOSURES

Loans

Included in debtors is a loan to Caley Cold Store Limited, a company in which Mr James G S Strachan has a material interest. The loan is interest free and has no fixed terms of repayment.

Details of loan account transactions and period end balance are as follows:

Caley Cold Store Limited

2025

2024

At 31st March 2024

1,313,304

1,313,304

Advanced during period

-

-

Repaid during period

(1,313,304

)

-

At 31st March 2025

-

1,313,304

Included in creditors is a loan to Ugie Farms Limited, a company in which Mr James G S Strachan has a material interest.

The loan is interest free and has no fixed terms of repayment.

Details of loan account transactions and period end balance are as follows:

Ugie Farms Limited

2025

2024

At 31st March 2024

-

8,446

Advanced during period

-

-

Repaid during period

-

(8,446

)

At 31st March 2025

-

-

11.	ULTIMATE CONTROLLING PARTY

Mr James G S Strachan, a director, controls the company by virtue of an interest of 86.1% of the issued ordinary share capital of Ugie Properties (Holdings) Limited, the ultimate parent company.