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REGISTERED NUMBER: SC530988 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

BIGGAR & HAY LIMITED

| BIGGAR & HAY LIMITED (REGISTERED NUMBER: SC530988) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| BIGGAR & HAY LIMITED |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | P R Aitchison

| REGISTERED OFFICE: | Suite 4.5 Turnberry House

| 175 West George Street

| Glasgow

| G2 2LB

| REGISTERED NUMBER: | SC530988 (Scotland)

| ACCOUNTANTS: | SD Business Management

| Suite 4.5 Turnberry House

| 175 West George Street

| Glasgow

| G2 2LB

| BIGGAR & HAY LIMITED (REGISTERED NUMBER: SC530988) |

Abridged Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 10,000 |  | - |  |

Tangible assets | 5 | 233 |  | 311 |  |

Investments | 6 | 10,750 |  | 50 |  |

Investment property | 7 | 2,107,363 |  | 2,125,095 |  |

2,128,346 |  | 2,125,456 |  |

CURRENT ASSETS

Debtors | 403,849 |  | 377,562 |  |

Cash at bank | 64,355 |  | 301,028 |  |

468,204 |  | 678,590 |  |

CREDITORS

Amounts falling due within one year | 1,154,986 |  | 1,404,603 |  |

NET CURRENT LIABILITIES | (686,782 | ) | (726,013 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,441,564 |  | 1,399,443 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (343,936 | ) | (360,796 | ) |

PROVISIONS FOR LIABILITIES | (135,370 | ) | (139,803 | ) |

NET ASSETS | 962,258 |  | 898,844 |  |

| BIGGAR & HAY LIMITED (REGISTERED NUMBER: SC530988) |

Abridged Balance Sheet - continued

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 2,000 |  | 2,000 |  |

Retained earnings | 960,258 |  | 896,844 |  |

962,258 |  | 898,844 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2026 and were signed by:

P R Aitchison - Director

| BIGGAR & HAY LIMITED (REGISTERED NUMBER: SC530988) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Biggar & Hay 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.

| In preparing the accounts the director has considered the appropriateness of the going concern basis.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Cryptocurrencies have been classed as intangible fixed assets in accordance with current guidance. These have been initially recognised at cost, and revalued in line with market value.

| While intangible assets are normally measured at cost less amortisation and accumulated impairment losses, it was the view of the director that due to the volatility in value of these assets this would not have given a true and fair view and therefore we have departed from the normal accounting standard for intangibles.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| BIGGAR & HAY LIMITED (REGISTERED NUMBER: SC530988) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 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.

| Properties

| The company's properties are held for long term investment and in accordance with FRS 102 Section 16.

| i) Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit & loss as a non-distributable reserve; and

| ii) No depreciation or amortisation is provided in respect of investment properties.

| Included in the Retained Earnings is a non-distributable reserve of £405,810 (2024: £419,108).

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| Additions | 10,000 |  |

| At 31 March 2025 | 10,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 10,000 |  |

| Cryptocurrencies were not revalued during the year to 31st March 2025. The cost is considered a fair value at the year end.

| BIGGAR & HAY LIMITED (REGISTERED NUMBER: SC530988) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,750 |  |

| DEPRECIATION

| At 1 April 2024 | 1,439 |  |

| Charge for year | 78 |  |

| At 31 March 2025 | 1,517 |  |

| NET BOOK VALUE

| At 31 March 2025 | 233 |  |

| At 31 March 2024 | 311 |  |

6. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 April 2024 | 50 |  |

| Additions | 10,700 |  |

| At 31 March 2025 | 10,750 |  |

| NET BOOK VALUE

| At 31 March 2025 | 10,750 |  |

| At 31 March 2024 | 50 |  |

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 2,125,095 |  |

| Revaluations | (17,732 | ) |

| At 31 March 2025 | 2,107,363 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,107,363 |  |

| At 31 March 2024 | 2,125,095 |  |

| BIGGAR & HAY LIMITED (REGISTERED NUMBER: SC530988) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | INVESTMENT PROPERTY - continued

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2020 | 108,750 |  |

| Valuation in 2021 | 160,000 |  |

| Valuation in 2022 | (56,680 | ) |

| Valuation in 2023 | 414,000 |  |

| Valuation in 2024 | (66,860 | ) |

| Valuation in 2025 | (17,732 | ) |

| Cost | 1,565,885 |  |

2,107,363 |  |

| Properties have been valued based on the director's assessment of the market.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

| 31.3.25 |  | 31.3.24

£ | £ |

| Repayable by instalments

| Bank loans more 5 yr by instal | 289,947 |  | 299,676 |  |

9. | SECURED DEBTS

| The bank hold a security over some of the assets of the company in respect of loans and advances included in the accounts.