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REGISTERED NUMBER: SC761678 (Scotland)

Altro Property Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

| Altro Property Limited (Registered number: SC761678) |

Contents of the Financial Statements

for the year ended 31st March 2025

| Page |

| Company information | 1 |

| Balance sheet | 2 |  | to |  | 3

| Notes to the financial statements | 4 |  | to |  | 6

| Altro Property Limited |

Company Information

for the year ended 31st March 2025

| Directors: | J Craigen

| C Booth

| Registered office: | 13/1 Rocheid Park

| Edinburgh

| EH4 1RU

| Registered number: | SC761678 (Scotland)

| Accountants: | Rennie Welch LLP

| Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| Altro Property Limited (Registered number: SC761678) |

Balance Sheet

31st March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Investment property | 4 | 43,781 |  | 43,781 |  |

Current assets

Debtors | 5 | 525 |  | 525 |  |

Investments | 6 | 55,599 |  | 55,599 |  |

Cash at bank | 47,304 |  | 525 |  |

103,428 |  | 56,649 |  |

Creditors

Amounts falling due within one year | 7 | 54,456 |  | 46,275 |  |

Net current assets | 48,972 |  | 10,374 |  |

Total assets less current liabilities | 92,753 |  | 54,155 |  |

Creditors

Amounts falling due after more than one year | 8 | 52,500 |  | 52,500 |  |

Net assets | 40,253 |  | 1,655 |  |

Capital and reserves

Called up share capital | 2 |  | 2 |  |

Retained earnings | 40,251 |  | 1,653 |  |

40,253 |  | 1,655 |  |

| Altro Property Limited (Registered number: SC761678) |

Balance Sheet - continued

31st March 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th November 2025 and were signed on its behalf by:

J Craigen - Director

C Booth - Director

| Altro Property Limited (Registered number: SC761678) |

Notes to the Financial Statements

for the year ended 31st March 2025

1. | Statutory information

| Altro Property 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.

| 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 arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Rental income is recognised on the date the rent is received. The rent is received at the end of each month.

| Investment property

| Investment property is measured at cost.

| Financial instruments

| The following assets and liabilities are classified as financial instruments - accruals, other loans and directors' loans.

| Directors' loans (being repayable on demand), accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Altro Property Limited (Registered number: SC761678) |

Notes to the Financial Statements - continued

for the year ended 31st March 2025

2. | Accounting policies - continued

| Provisions

| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

| Going concern

| The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

| Current asset investments

| Unlisted investments are measured at cost.

3. | Employees and directors

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

4. | Investment property

| Total

£ |

| Fair value

| At 1st April 2024

| and 31st March 2025 | 43,781 |  |

| Net book value

| At 31st March 2025 | 43,781 |  |

| At 31st March 2024 | 43,781 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Other debtors | 525 |  | 525 |  |

6. | Current asset investments

2025 | 2024 |

£ | £ |

| Unlisted investments | 55,599 |  | 55,599 |  |

7. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Taxation and social security | 12,671 |  | 388 |  |

| Other creditors | 41,785 |  | 45,887 |  |

54,456 |  | 46,275 |  |

8. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Other creditors | 52,500 |  | 52,500 |  |

| Altro Property Limited (Registered number: SC761678) |

Notes to the Financial Statements - continued

for the year ended 31st March 2025

9. | Secured debts

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Loan | 52,500 |  | 52,500 |  |

| Mortgage Works (UK) PLC holds a fixed charge over the property at Merkland Road.