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REGISTERED NUMBER: SC169037 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Europe and Jersey Estates Ltd.

Europe and Jersey Estates Ltd. (Registered number: SC169037)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Europe and Jersey Estates Ltd.

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | K G Johnstone

| Ms S Johnstone

| Ms S Johnstone

| Ms S Johnstone

| Mrs A Seggie

| SECRETARY: | K G Johnstone

| REGISTERED OFFICE: | 30 East Main Street

| Darvel

| KA17 0HP

| REGISTERED NUMBER: | SC169037 (Scotland)

| ACCOUNTANTS: | WR Accountants

| Bank Chambers

| 31 The Square

| Cumnock

| Ayrshire

| KA18 1AT

Europe and Jersey Estates Ltd. (Registered number: SC169037)

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 65,491 |  | 14,755 |  |

Investment property | 5 | 1,313,107 |  | 1,123,308 |  |

1,378,598 |  | 1,138,063 |  |

CURRENT ASSETS

Stocks | 10,000 |  | 10,000 |  |

Debtors | 6 | 28,293 |  | 27,497 |  |

Cash at bank and in hand | 20,366 |  | 214,046 |  |

58,659 |  | 251,543 |  |

CREDITORS

Amounts falling due within one year | 7 | 95,997 |  | 90,367 |  |

NET CURRENT (LIABILITIES)/ASSETS | (37,338 | ) | 161,176 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,341,260 |  | 1,299,239 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 971 |  | 10,090 |  |

NET ASSETS | 1,340,289 |  | 1,289,149 |  |

CAPITAL AND RESERVES

Called up share capital | 112 |  | 112 |  |

Share premium | 143,988 |  | 143,988 |  |

Revaluation reserve | 9 | 688,166 |  | 688,166 |  |

Retained earnings | 508,023 |  | 456,883 |  |

1,340,289 |  | 1,289,149 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Europe and Jersey Estates Ltd. (Registered number: SC169037)

Balance Sheet - continued

30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2026 and were signed on its behalf by:

K G Johnstone - Director

Europe and Jersey Estates Ltd. (Registered number: SC169037)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Europe and Jersey Estates Ltd. 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.

| The financial statements have been modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

| Turnover

| Turnover represents amounts receivable for rent for the year under review and sale proceeds of properties previously held for sale. Rentals from investment properties are recognised in the period to which they relate.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings |  | 25% Reducing balance p.a. |  |

| Motor vehicles |  | 20% straight line p.a. |  |

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value f teh asset, and is credited or charged to profit or loss.

| Investment property

| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Europe and Jersey Estates Ltd. (Registered number: SC169037)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| 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 liabilities

| Basic financial liabilities, include creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. financial liabilities classified as payable within one year.

| 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.

Europe and Jersey Estates Ltd. (Registered number: SC169037)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024 | 37,735 |  |

| Additions | 72,643 |  |

| At 30 June 2025 | 110,378 |  |

| DEPRECIATION

| At 1 July 2024 | 22,980 |  |

| Charge for year | 21,907 |  |

| At 30 June 2025 | 44,887 |  |

| NET BOOK VALUE

| At 30 June 2025 | 65,491 |  |

| At 30 June 2024 | 14,755 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 1,123,308 |  |

| Additions | 189,799 |  |

| At 30 June 2025 | 1,313,107 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,313,107 |  |

| At 30 June 2024 | 1,123,308 |  |

| Investment property comprises a portfolio of commercial properties. The fair value of the investment properties have been arrived at on the basis of a valuation carried out at each property by the company's director, Ken Johnstone, who is a Chartered Surveyor. The valuation was made on open market value basis by reference to market evidence of transaction prices for similar properties.

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 8,380 |  | 8,261 |  |

| Amounts owed by associates | 12,150 |  | 13,100 |  |

| Other debtors | 7,763 |  | 6,136 |  |

28,293 |  | 27,497 |  |

Europe and Jersey Estates Ltd. (Registered number: SC169037)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 9,050 |  | 9,050 |  |

| Trade creditors | 483 |  | 8,022 |  |

| Amounts owed to group undertakings | 34,762 |  | 14,762 |  |

| Taxation and social security | 14,362 |  | 19,586 |  |

| Other creditors | 37,340 |  | 38,947 |  |

95,997 |  | 90,367 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 971 |  | 10,090 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 July 2024

| and 30 June 2025 | 688,166 |  |

10. | RELATED PARTY DISCLOSURES

| Included in creditors is the sum of £17,262 (2024 - £14,986) due to the director of the company. This balance is repayable on demand and bears no interest.

| Included in creditors are sums of £34,762 (2024 - £4,762) due to the parent company, Europe Investments Ltd

| Included in creditors are sums of £Nil (2024 £10,000) due to Invergower Estates limited, a company under common control. .