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COMPANY REGISTRATION NUMBER: SC227954

Black King Properties Limited

Filleted Unaudited Financial Statements

30 June 2025

Black King Properties Limited

Financial Statements

Year ended 30 June 2025

Contents | Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

Black King Properties Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Black King Properties Limited

Year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Black King Properties Limited for the year ended 30 June 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Black King Properties Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Black King Properties Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Black King Properties Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Black King Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Black King Properties Limited. You consider that Black King Properties Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Black King Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
19 November 2025

Black King Properties Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 513,749 | 330,373
Investments | 6 |  | – | 250
|  | --------- | ---------
|  | 513,749 | 330,623

Current assets

Debtors | 7 | 8,381 |  | 137,968
Cash at bank and in hand | 32,991 |  | 144,052
| -------- |  | ---------
| 41,372 |  | 282,020

Creditors: amounts falling due within one year | 8 | 121,058 |  | 180,665
| --------- |  | ---------
Net current (liabilities)/assets |  | ( 79,686) | 101,355
|  | --------- | ---------
Total assets less current liabilities |  | 434,063 | 431,978

Provisions

Taxation including deferred tax |  | 6,075 | 1,682
|  | --------- | ---------
Net assets |  | 427,988 | 430,296
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 2 | 2
Revaluation reserve |  | 18,225 | 24,300
Profit and loss account |  | 409,761 | 405,994
|  | --------- | ---------
Shareholders funds |  | 427,988 | 430,296
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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.
Directors' responsibilities:
- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Black King Properties Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

Mr G C King
Director

Company registration number: SC227954

Black King Properties Limited

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2. Statement of compliance
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'.
3. Accounting policies
Basis of preparation
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current 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.
Tangible assets
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
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:

| Equipment | - | 33% reducing balance

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets

| Investment property | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 July 2024 | 330,300 | 1,107 | 331,407
Additions | 183,400 | – | 183,400
| --------- | ------- | ---------
At 30 June 2025 | 513,700 | 1,107 | 514,807
| --------- | ------- | ---------
Depreciation |  |  |
At 1 July 2024 | – | 1,034 | 1,034
Charge for the year | – | 24 | 24
| --------- | ------- | ---------
At 30 June 2025 | – | 1,058 | 1,058
| --------- | ------- | ---------
Carrying amount |  |  |
At 30 June 2025 | 513,700 | 49 | 513,749
| --------- | ------- | ---------
At 30 June 2024 | 330,300 | 73 | 330,373
| --------- | ------- | ---------

Tangible assets held at valuation
The company's investment properties were valued at £513,700 at 30th June 2025 (2024: £330,300). If the properties had not been revalued they would have been stated at a cost of £491,235 (2024: £307,835).
6. Investments

| Other investments other than loans
| £
Cost |
At 1 July 2024 | 275
Disposals | ( 25)
| ----
At 30 June 2025 | 250
| ----
Impairment |
At 1 July 2024 | 25
Disposals | ( 25)
Impairment losses | 250
| ----
At 30 June 2025 | 250
| ----

Carrying amount |
At 30 June 2025 | –
| ----
At 30 June 2024 | 250
| ----

The company holds 100% of the ordinary share capital of Oban Bay Properties Limited, a company registered in Scotland. At the year end, the value of the investment has been impaired.
The company owned an interest of 25% of the shareholding in Chapel Street Properties (Scotland) Limited, a company registered in Scotland. This interest has been disposed during the year.
7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 4,224 | 9,327
Other debtors | 4,157 | 128,641
| ------- | ---------
| 8,381 | 137,968
| ------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | – | 1,000
Corporation tax | 2,153 | –
Social security and other taxes | 653 | 317
Other creditors | 118,252 | 179,348
| --------- | ---------
| 121,058 | 180,665
| --------- | ---------

9. Directors' advances, credits and guarantees
At the year end the company owed Mr & Mrs G C King, directors, an amount of £107,710 (2024: £169,806).
10. Related party transactions
At 30th June 2025 the company owed its subsidiary, Oban Bay Properties Limited £nil (2024: £1,000). At 30th June 2025 the company was owed £NIL (2024: £125,000) from Chapel Street Properties (Scotland) Limited, a company in which it had an interest.
11. Controlling party
The company was under the control of Mr G C King , director, throughout the current period.