For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Octant Investments Ltd is a private company limited by shares incorporated in Scotland. The registered office is 44 Powderhall Road, Edinburgh, EH7 4GB.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover is measured at the fair value of the consideration received or receivable and represents rental income from investment properties during the year, exclusive of Value Added Tax where applicable.

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

The following assets and liabilities are classified as basic financial instruments - other debtors, cash at bank, accruals, corporation tax and director loans.

Cash at bank and other debtors are measured at the undiscounted historic transaction amount.

Accruals and taxes due at the end of the reporting period are measured at the amount payable.

Director loans are repayable on demand and therefore meet the condition for it to be recognised at transaction amount.

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The average monthly number of persons (including directors) employed by the company during the year was:

The properties were valued on 22 December 2021 by CKD Galbraith, independent property consultants. In arriving at the valuation of the investment properties held by the company, the director gave due consideration to both independent professional valuations carried out previously, which were carried out at open market value for existing use basis, and general property market information and conditions at the reporting date. The director did not believe there had been a material change to the value of the properties, therefore no revaluation was necessary.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

Distributable profit and loss reserve - This reserve records retained earnings of the company which are available for distribution to the shareholder.

Non-distributable profit and loss reserve - this represents the investment property revaluation reserve.

At 30 June 2025, the director owed the company £102,495 (2024 - £100,248). Total advances and credits amounted to £2,247 whilst total repayments amounted to £nil. This loan is interest free and has no fixed terms for repayment.

The company is a wholly owned subsidiary of York Place (No. 475) Limited, a company limited by shares, company registration number SC336550. The registered office address of this parent company is 44 Powderhall Road, Edinburgh, EH7 4GB.