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REGISTERED NUMBER: SC713880

KELVINGROVE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

KELVINGROVE INVESTMENTS LIMITED (REGISTERED NUMBER: SC713880)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

KELVINGROVE INVESTMENTS LIMITED (REGISTERED NUMBER: SC713880)

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 2,254,014 |  | 2,254,014 |  |

CURRENT ASSETS

Debtors | 5 | 30 |  | 30 |  |

Cash at bank | 1,031 |  | 1,161 |  |

1,061 |  | 1,191 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,711,907 |  | 1,838,640 |  |

NET CURRENT LIABILITIES | (1,710,846 | ) | (1,837,449 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 543,168 |  | 416,565 |  |

CAPITAL AND RESERVES

Called up share capital | 40 |  | 40 |  |

Retained earnings | 543,128 |  | 416,525 |  |

543,168 |  | 416,565 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

KELVINGROVE INVESTMENTS LIMITED (REGISTERED NUMBER: SC713880)

BALANCE SHEET - continued

31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

M L Peters - Director

A S Peters - Director

KELVINGROVE INVESTMENTS LIMITED (REGISTERED NUMBER: SC713880)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Kelvingrove Investments Limited is a private company, limited by shares, registered in Scotland. The company's registered office is 40 Kelvingrove Street, Glasgow, Scotland, G3 7RZ.

| The financial statements are presented in Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.

| Preparation of consolidated financial statements

| The financial statements contain information about Kelvingrove Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Judgements

| The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements.

| The directors consider there are no such significant judgements.

| Investments in subsidiaries

| Investments in subsidiaries are included at cost less impairment. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans to and from related parties.

| Debt instruments like loans and other accounts receivable and payable are initially measured at the present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

| Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

KELVINGROVE INVESTMENTS LIMITED (REGISTERED NUMBER: SC713880)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

| With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

| Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

| Provisions

| Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 2,254,014 |  |

| NET BOOK VALUE

| At 31 July 2025 | 2,254,014 |  |

| At 31 July 2024 | 2,254,014 |  |

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

2025 | 2024 |

£ | £ |

| Other debtors | 30 |  | 30 |  |

KELVINGROVE INVESTMENTS LIMITED (REGISTERED NUMBER: SC713880)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 11,214 |  | 11,214 |  |

| Other creditors | 1,700,693 |  | 1,827,426 |  |

1,711,907 |  | 1,838,640 |  |

7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

2025 | 2024 |

£ | £ |

| M L Peters

| Balance outstanding at start of year | 10 |  | 10 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 10 |  | 10 |  |

| A S Peters

| Balance outstanding at start of year | 10 |  | 10 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 10 |  | 10 |  |

| R H Peters

| Balance outstanding at start of year | 10 |  | 10 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 10 |  | 10 |  |

| The above loans which are unsecured and interest free are repayable on demand.

KELVINGROVE INVESTMENTS LIMITED (REGISTERED NUMBER: SC713880)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

8. | RELATED PARTY DISCLOSURES

| Included in creditors is a loan from Freehold Properties and Investments (Holdings) Limited, a company controlled by M L Peters and A S Peters, directors. The loan is interest free and no repayment terms have been set. Although technically repayable on demand, Freehold Properties and Investments (Holdings) Limited, has confirmed that it does not intend to seek repayment until sufficient liquid funds are available. During the year, loan repayments of £126,733 were made. The balance outstanding at the year end was £1,700,693 (2024 - £1,827,426).

| During the year the company received dividends of £126,733 (2024 - £189,513) from Freehold Properties and Investments Limited.