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Company No: SC324906 (Scotland)

# ALBA PROPERTIES LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH THE REGISTRAR

ALBA PROPERTIES LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

Contents

ALBA PROPERTIES LIMITED

## BALANCE SHEET

AS AT 31 MAY 2025
ALBA PROPERTIES LIMITED

## BALANCE SHEET (continued)

AS AT 31 MAY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 1,283,776 |  | 2,401,963
|  | 1,283,776 |  | 2,401,963
Current assets |  |  |  |
Debtors | 4 | 889,344 |  | 1,434
Cash at bank and in hand |  | 506,262 |  | 206,250
|  | 1,395,606 |  | 207,684
Creditors: amounts falling due within one year | 5 | ( 744,708) |  | ( 274,613)
Net current assets/(liabilities) |  | 650,898 |  | (66,929)
Total assets less current liabilities |  | 1,934,674 |  | 2,335,034
Creditors: amounts falling due after more than one year | 6 | ( 2,122,878) |  | ( 2,364,854)
Net liabilities |  | ( 188,204) |  | ( 29,820)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 38,374 |  | 42,506
Share premium account |  | 1,488,769 |  | 1,124,737
Capital redemption reserve |  | 6,315 |  | 0
Profit and loss account |  | ( 1,721,662 ) |  | ( 1,197,063 )
Total shareholders' deficit |  | ( 188,204) |  | ( 29,820)

For the financial year ending 31 May 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Alba Properties Limited (registered number: SC324906) were approved and authorised for issue by the Board of Directors on 23 February 2026. They were signed on its behalf by:

Mr A W Adam Director |

ALBA PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
ALBA PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Alba Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 10 Southfield Drive, Elgin, IV30 6GR, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £188,204. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 2

#### 3. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 June 2024 | 2,401,963
Additions | 366,215
Disposals | ( 1,484,402)
At 31 May 2025 | 1,283,776
Carrying value at 31 May 2025 | 1,283,776
Carrying value at 31 May 2024 | 2,401,963

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 889,344 |  | 1,434

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 179,560 |  | 175,028
Other creditors | 565,148 |  | 99,585
| 744,708 |  | 274,613

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to related parties | 2,122,878 |  | 2,150,455
Other creditors | 0 |  | 214,399
| 2,122,878 |  | 2,364,854

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
38,374 Ordinary shares of £ 1.00 each (2024: 42,506 shares of £ 1.00 each) | 38,374 |  | 42,506

#### 8. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Entities over which the entity has control, joint control or significant influence | 2,122,878 |  | 2,150,455
Key management personnel | 0 |  | 61,523
Other related parties | (889,344) |  | 243,444

The amounts due to related parties by entities over which the entity has control, joint control or significant influence has annual interest accruing of £179,560 (2024 - £175,028). The remaining loans are interest free and have no fixed terms of repayment.