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REGISTERED NUMBER: SC155714 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Europe Investments Limited

Europe Investments Limited (Registered number: SC155714)

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 Investments Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | K G Johnstone

| Ms S Johnstone

| Ms S Johnstone

| Ms S Johnstone

| SECRETARY: | K G Johnstone

| REGISTERED OFFICE: | 30 East Main Street

| Darvel

| KA17 0HP

| REGISTERED NUMBER: | SC155714 (Scotland)

| ACCOUNTANTS: | WR Accountants

| Bank Chambers

| 31 The Square

| Cumnock

| Ayrshire

| KA18 1AT

Europe Investments Limited (Registered number: SC155714)

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 5,600 |  | 427 |  |

Investments | 5 | 564,762 |  | 564,762 |  |

Investment property | 6 | 915,000 |  | 970,000 |  |

1,485,362 |  | 1,535,189 |  |

CURRENT ASSETS

Debtors | 7 | 353,449 |  | 256,596 |  |

Investments | 8 | 1,664,410 |  | 1,664,410 |  |

Cash at bank | 10,903 |  | 40,665 |  |

2,028,762 |  | 1,961,671 |  |

CREDITORS

Amounts falling due within one year | 9 | 78,754 |  | 152,045 |  |

NET CURRENT ASSETS | 1,950,008 |  | 1,809,626 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,435,370 |  | 3,344,815 |  |

PROVISIONS FOR LIABILITIES | 36,661 |  | 46,661 |  |

NET ASSETS | 3,398,709 |  | 3,298,154 |  |

CAPITAL AND RESERVES

Called up share capital | 126 |  | 126 |  |

Share premium | 284,949 |  | 284,949 |  |

Revaluation reserve | 10 | (70,000 | ) | (70,000 | ) |

Capital redemption reserve | 25 |  | 25 |  |

Retained earnings | 3,183,609 |  | 3,083,054 |  |

3,398,709 |  | 3,298,154 |  |

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 Investments Limited (Registered number: SC155714)

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 Investments Limited (Registered number: SC155714)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Europe Investments 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.

| 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. |  |

| 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.

| Investments in subsidiaries and associates

| Investments in subsidiary and associate undertakings are recognised at cost.

| 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.

| 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.

Europe Investments Limited (Registered number: SC155714)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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.

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 | 39,018 |  |

| Additions | 5,984 |  |

| At 30 June 2025 | 45,002 |  |

| DEPRECIATION

| At 1 July 2024 | 38,591 |  |

| Charge for year | 811 |  |

| At 30 June 2025 | 39,402 |  |

| NET BOOK VALUE

| At 30 June 2025 | 5,600 |  |

| At 30 June 2024 | 427 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024

| and 30 June 2025 | 560,000 |  | 4,762 |  | 564,762 |  |

| NET BOOK VALUE

| At 30 June 2025 | 560,000 |  | 4,762 |  | 564,762 |  |

| At 30 June 2024 | 560,000 |  | 4,762 |  | 564,762 |  |

Europe Investments Limited (Registered number: SC155714)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 970,000 |  |

| Disposals | (55,000 | ) |

| At 30 June 2025 | 915,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 915,000 |  |

| At 30 June 2024 | 970,000 |  |

| 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.

7. | DEBTORS

| 30.6.25 |  | 30.6.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 4,958 |  | 3,756 |  |

| Amounts owed by group undertakings | 34,762 |  | 4,762 |  |

| Amounts owed by participating interests | 35,000 |  | 40,000 |  |

| Other debtors | 8,729 |  | 8,078 |  |

83,449 |  | 56,596 |  |

| Amounts falling due after more than one year:

| Other debtors | 270,000 |  | 200,000 |  |

| Aggregate amounts | 353,449 |  | 256,596 |  |

8. | CURRENT ASSET INVESTMENTS

| 30.6.25 |  | 30.6.24

£ | £ |

| Listed investments | 1,664,410 |  | 1,664,410 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade creditors | 15,366 |  | 10,038 |  |

| Taxation and social security | 13,366 |  | 17,126 |  |

| Other creditors | 50,022 |  | 124,881 |  |

78,754 |  | 152,045 |  |

Europe Investments Limited (Registered number: SC155714)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1 July 2024

| and 30 June 2025 | (70,000 | ) |

11. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £7,500 were paid to the directors .

| Included in creditors is the sum of £30,000 (2024 - £93,894 due to the director of the company. This balance is repayable on demand and bears no interest.

| Included in debtors are sums of £34,762 (2024 - £4,762) due from the subsidiary company, Europe and Jersey Estates Ltd.

| Included in debtors are sums of £35,000 (2024 - £40,000) advanced to Invergower Estates Limited, a company that is under common control.