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REGISTERED NUMBER: SC037032 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 15 MAY 2025 |

| FOR |

| LANEFIELD DEVELOPMENT COMPANY LIMITED |

LANEFIELD DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: SC037032)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 15 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

LANEFIELD DEVELOPMENT COMPANY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 15 MAY 2025

| DIRECTORS: | Gordon Shearer Picken

| Colin Watson Picken

| SECRETARY: | Colin Watson Picken

| REGISTERED OFFICE: | 24 Beresford Terrace

| Ayr

| KA7 2EG

| REGISTERED NUMBER: | SC037032 (Scotland)

| ACCOUNTANTS: | Stewart Gilmour & Co.

| Chartered Accountants

| 24 Beresford Terrace

| Ayr

| KA7 2EG

| BANKERS: | The Royal Bank of Scotland plc

| 30 Sandgate

| Ayr

| KA7 1BW

| SOLICITORS: | Mathie-Morton, Black & Buchanan

| 4 Alloway Place

| Ayr

| KA7 2AD

LANEFIELD DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: SC037032)

BALANCE SHEET

15 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 72,744 |  | 72,744 |  |

CURRENT ASSETS

Debtors | 5 | 121,646 |  | 115,901 |  |

Cash at bank | 20,886 |  | 5,988 |  |

142,532 |  | 121,889 |  |

CREDITORS

Amounts falling due within one year | 6 | 7,693 |  | 1,715 |  |

NET CURRENT ASSETS | 134,839 |  | 120,174 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 207,583 |  | 192,918 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 42,602 |  | 42,602 |  |

Capital reserve | 47,811 |  | 47,811 |  |

Retained earnings | 117,170 |  | 102,505 |  |

SHAREHOLDERS' FUNDS | 207,583 |  | 192,918 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 15 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 15 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Gordon Shearer Picken - Director

LANEFIELD DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: SC037032)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 15 MAY 2025

1. | STATUTORY INFORMATION

| Lanefield Development Company 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 as modified by the revaluation of certain assets.

| Investment property

| In accordance with FRS 102, investment properties are revalued annually at fair value. Changes to fair value are reflected in the profit and loss account No depreciation is provided in respect of investment properties.

| The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principles set out in FRS 102. The director considers that, because these properties are not held for their consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to apply FRS 102 in order to give a true and fair view.

| If this departure from the Act had not been made, the reported net profit for the financial year would have been reduced by additional depreciation charges of £1,212 (2024 : £1,212).

| 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.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

LANEFIELD DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: SC037032)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 15 MAY 2025

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 16 May 2024

| and 15 May 2025 | 72,744 |  |

| NET BOOK VALUE

| At 15 May 2025 | 72,744 |  |

| At 15 May 2024 | 72,744 |  |

| Fair value at 15 May 2025 is represented by:

£ |

| Cost | 72,744 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 72,744 |  | 72,744 |  |

| Aggregate depreciation | (36,272 | ) | (35,060 | ) |

| Investment property was valued on an open market value basis on 15 May 2025 by C W Picken, director .

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

2025 | 2024 |

£ | £ |

| Other debtors | 121,646 |  | 115,901 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 5,760 |  | - |  |

| Other creditors | 1,933 |  | 1,715 |  |

7,693 |  | 1,715 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 42,600 | Ordinary | £1 | 42,600 |  | 42,600 |  |

| 2 | Ordinary "A" - "B" | £1 | 2 |  | 2 |  |

42,602 |  | 42,602 |  |

LANEFIELD DEVELOPMENT COMPANY LIMITED (REGISTERED NUMBER: SC037032)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 15 MAY 2025

8. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is the board of directors.

| The company is under the immediate and ultimate control of directors Gordon and Colin Picken, who each hold 49.9998% of the issued share capital.