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Registration number: SC599457

Beltanimo Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Beltanimo Properties Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Beltanimo Properties Limited

Company Information

Director | K Muir

Registered office | Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Accountants | M&S Accountancy and Taxation Limited Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Beltanimo Properties Limited

(Registration number: SC599457)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,078,184 | 1,142,563
Current assets |  |  |
Debtors | 6 | 1,245 | 562
Cash at bank and in hand |  | 161,190 | 54,764
|  | 162,435 | 55,326
Creditors: Amounts falling due within one year | 7 | (898,959) | (898,426)
Net current liabilities |  | (736,524) | (843,100)
Total assets less current liabilities |  | 341,660 | 299,463
Creditors: Amounts falling due after more than one year | 7 | (8,255) | -
Provisions for liabilities |  | (25,466) | (27,649)
Net assets |  | 307,939 | 271,814
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Revaluation reserve |  | 145,523 | 145,523
Retained earnings |  | 162,316 | 126,191
Shareholders' funds |  | 307,939 | 271,814

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 December 2025

......................................... K Muir Director

Beltanimo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ

These financial statements were authorised for issue by the director on 29 December 2025.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts. Turnover is recognised on the accruals basis.

Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Depreciation

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Beltanimo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Asset class | Depreciation method and rate
Computer Equipment | 25% Straight Line
Motor Vehicles | 50% Straight Line

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Beltanimo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Investment properties £ | Computer equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 1,140,000 | 3,582 | - | 1,143,582
Additions | - | - | 19,819 | 19,819
Disposals | (80,000) | - | - | (80,000)
At 30 June 2025 | 1,060,000 | 3,582 | 19,819 | 1,083,401
Depreciation
At 1 July 2024 | - | 1,019 | - | 1,019
Charge for the year | - | 895 | 3,303 | 4,198
At 30 June 2025 | - | 1,914 | 3,303 | 5,217
Carrying amount
At 30 June 2025 | 1,060,000 | 1,668 | 16,516 | 1,078,184
At 30 June 2024 | 1,140,000 | 2,563 | - | 1,142,563

5 | Investment properties

The investment properties have been valued by the director at 30 June 2025. This fair valuation of the investment properties has been arrived at on the basis of the property cost price, or current market values where considered appropriate.
The total fair value of the investment properties at 30 June 2025 is £1,060,000 (2024 - £1,140,000).

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,225 | 542
Other debtors | 20 | 20
| 1,245 | 562

Beltanimo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Loans and borrowings |  | 5,187 | -
Taxation and social security |  | 5,354 | 10,320
Accruals and deferred income |  | 2,400 | 2,400
Other creditors |  | 886,018 | 885,706
|  | 898,959 | 898,426

Loans and borrowings include net obligations under finance lease contracts which are secured over the assets they relate to.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings |  | 8,255 | -

Loans and borrowings include net obligations under finance lease contracts which are secured over the assets they relate to.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Class A ordinary of £1 each | 80 | 80 | 80 | 80

Allotted, called up and not fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Class B ordinary of £1 each | 5 | 5 | 5 | 5
Class C ordinary of £1 each | 5 | 5 | 5 | 5
Class D ordinary of £1 each | 5 | 5 | 5 | 5
Class E ordinary of £1 each | 5 | 5 | 5 | 5
| 20 | 20 | 20 | 20

Beltanimo Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9 | Related party transactions

Amounts due to the director as at 30 June 2025 was £886,018 (2024 - £885,706).
The loan is unsecured, interest free and has no fixed terms of repayment.