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REGISTERED NUMBER: SC026324 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

DONALD GRAHAM (PROPERTIES) LIMITED

DONALD GRAHAM (PROPERTIES) LIMITED (REGISTERED NUMBER: SC026324)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

DONALD GRAHAM (PROPERTIES) LIMITED

COMPANY INFORMATION

for the Year Ended 28 February 2025

| DIRECTORS: | Mrs S Cruickshank

| Mrs A Bowie

| A J Cruickshank

| SECRETARY: | Blackadders LLP

| REGISTERED OFFICE: | 20 Ravelrig Gait

| Balerno

| Midlothian

| EH14 7NH

| REGISTERED NUMBER: | SC026324 (Scotland)

DONALD GRAHAM (PROPERTIES) LIMITED (REGISTERED NUMBER: SC026324)

BALANCE SHEET

28 February 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investment property | 5 | 1,550,000 |  | 1,550,000 |  |

1,550,000 |  | 1,550,000 |  |

CURRENT ASSETS

Debtors | 6 | 17,975 |  | 24,197 |  |

Cash at bank | 144,778 |  | 133,248 |  |

162,753 |  | 157,445 |  |

CREDITORS

Amounts falling due within one year | 7 | 48,400 |  | 42,581 |  |

NET CURRENT ASSETS | 114,353 |  | 114,864 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,664,353 |  | 1,664,864 |  |

PROVISIONS FOR LIABILITIES | 8 | 116,000 |  | 116,000 |  |

NET ASSETS | 1,548,353 |  | 1,548,864 |  |

CAPITAL AND RESERVES

Called up share capital | 9,000 |  | 9,000 |  |

Capital redemption reserve | 11,059 |  | 11,059 |  |

Fair value reserve | 1,272,601 |  | 1,272,601 |  |

Retained earnings | 255,693 |  | 256,204 |  |

SHAREHOLDERS' FUNDS | 1,548,353 |  | 1,548,864 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

DONALD GRAHAM (PROPERTIES) LIMITED (REGISTERED NUMBER: SC026324)

BALANCE SHEET - continued

28 February 2025

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 27 October 2025 and were signed on its behalf by:

Mrs A Bowie - Director

DONALD GRAHAM (PROPERTIES) LIMITED (REGISTERED NUMBER: SC026324)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Donald Graham (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.

| 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the rental income receivable for the year, excluding any value added tax, with rentals in advance being reflected within creditors.

| Tangible fixed assets

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

| Plant and machinery etc | - | 15% on reducing balance

| The directors undertake an impairment review of tangible fixed assets where there is an indication of impairment.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Basic financial instruments

| Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| 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.

DONALD GRAHAM (PROPERTIES) LIMITED (REGISTERED NUMBER: SC026324)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2024 | 8,804 |  |

| Disposals | (8,804 | ) |

| At 28 February 2025 | - |  |

| DEPRECIATION

| At 1 March 2024 | 8,804 |  |

| Eliminated on disposal | (8,804 | ) |

| At 28 February 2025 | - |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024

| and 28 February 2025 | 1,550,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1,550,000 |  |

| At 29 February 2024 | 1,550,000 |  |

| Over the course of time, the historic cost of the properties has become unidentifiable due to property purchases, disposals and revaluations. The directors have therefore estimated the original cost of the properties.

DONALD GRAHAM (PROPERTIES) LIMITED (REGISTERED NUMBER: SC026324)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2004 | 1,003,289 |  |

| Valuation in 2016 | 286,711 |  |

| Valuation in 2022 | 160,000 |  |

| Cost | 100,000 |  |

1,550,000 |  |

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Cost | 100,000 |  | 100,000 |  |

| The properties were valued on an open market basis on 29 October 2021 by Graham & Sibbald .

| The directors do not consider that there has been any material movement to the fair value since the last professional valuation was undertaken at October 2021.

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Other debtors | 17,975 |  | 24,197 |  |

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

| 28.2.25 |  | 29.2.24

£ | £ |

| Taxation and social security | 28,016 |  | 20,916 |  |

| Other creditors | 20,384 |  | 21,665 |  |

48,400 |  | 42,581 |  |

8. | PROVISIONS FOR LIABILITIES

| 28.2.25 |  | 29.2.24

£ | £ |

| Deferred tax | 116,000 |  | 116,000 |  |

| Deferred |

| tax |

£ |

| Balance at 1 March 2024 | 116,000 |  |

| Adjustment to deferred tax |

| provn on investment property |

| fair value reserve |

| Balance at 28 February 2025 | 116,000 |  |

DONALD GRAHAM (PROPERTIES) LIMITED (REGISTERED NUMBER: SC026324)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

8. | PROVISIONS FOR LIABILITIES - continued

| The deferred tax charge is based on an estimated 1982 valuation of the current properties of £295,000 (2024 - £295,000).

9. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £60,000 (2024 - £20,000) were paid to the directors .

| In addition to the dividends, total remuneration of £19,172 (2024 - £24,672) was paid to the directors.