Company registration number SC065613 (Scotland)
IANNOTTI BROS (PROPERTY) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
IANNOTTI BROS (PROPERTY) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
IANNOTTI BROS (PROPERTY) LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,767
4,432
Investment property
4
840,000
840,000
843,767
844,432
Current assets
Debtors
6
623
2,099
Investments
7
183,333
183,333
Cash at bank and in hand
164,097
161,567
348,053
346,999
Creditors: amounts falling due within one year
Taxation and social security
27,228
24,278
Other creditors
1,884
1,984
29,112
26,262
Net current assets
318,941
320,737
Total assets less current liabilities
1,162,708
1,165,169
Provisions for liabilities
(10,520)
(10,687)
Net assets
1,152,188
1,154,482
Capital and reserves
Called up share capital
10,100
10,100
Revaluation reserve
600,925
600,925
Profit and loss reserves
541,163
543,457
Total equity
1,152,188
1,154,482
IANNOTTI BROS (PROPERTY) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 2 -

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 March 2026 and are signed on its behalf by:
Mr A Iannotti
Director
Company registration number SC065613 (Scotland)
IANNOTTI BROS (PROPERTY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Iannotti Bros (Property) Limited is a private company limited by shares incorporated in Scotland. The registered office is 3 Wellington Square, Ayr, Ayrshire, United Kingdom, KA7 1EN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% on reducing balance

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

1.4
Investment properties

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

IANNOTTI BROS (PROPERTY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
5
5
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 February 2025 and 31 January 2026
50,053
Depreciation and impairment
At 1 February 2025
45,621
Depreciation charged in the year
665
At 31 January 2026
46,286
Carrying amount
At 31 January 2026
3,767
At 31 January 2025
4,432
4
Investment property
2026
£
Fair value
At 1 February 2025 and 31 January 2026
840,000
IANNOTTI BROS (PROPERTY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
4
Investment property
(Continued)
- 5 -

Investment property comprises various properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 28 May 2015 by Shepherd Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Financial instruments
2026
2025
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
183,333
183,333
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
582
582
Corporation tax recoverable
41
1,517
623
2,099
7
Current asset investments
2026
2025
£
£
Investment in Iannotti Bros Limited
183,333
183,333
8
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
27,228
24,278
Deferred income
-
0
160
Accruals and deferred income
1,884
1,824
29,112
26,262
9
Related party transactions

Roberto Iannotti is a director and 50% shareholder in Iannotti Bros Limited, thereby making it a related party. Alfonso, Roberto and Agostino Iannotti are all directors and 33% shareholders of G.A.R.I. Fortuna Limited, also making it a related party.

An administration charge of £2,000 (2025 - £2,000) was received from G.A.R.I. Fortuna Limited.

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