IRIS Accounts Production v26.1.0.640 SC411483 Board of Directors 1.10.24 30.9.25 30.9.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC411483 2024-09-30 SC411483 2025-09-30 SC411483 2024-10-01 2025-09-30 SC411483 2023-09-30 SC411483 2023-10-01 2024-09-30 SC411483 2024-09-30 SC411483 ns15:Scotland 2024-10-01 2025-09-30 SC411483 ns14:PoundSterling 2024-10-01 2025-09-30 SC411483 ns10:Director1 2024-10-01 2025-09-30 SC411483 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC411483 ns10:SmallEntities 2024-10-01 2025-09-30 SC411483 ns10:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC411483 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 SC411483 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC411483 ns10:AbridgedAccounts 2024-10-01 2025-09-30 SC411483 ns10:Director2 2024-10-01 2025-09-30 SC411483 ns10:RegisteredOffice 2024-10-01 2025-09-30 SC411483 ns5:CurrentFinancialInstruments 2025-09-30 SC411483 ns5:CurrentFinancialInstruments 2024-09-30 SC411483 ns5:Non-currentFinancialInstruments 2025-09-30 SC411483 ns5:Non-currentFinancialInstruments 2024-09-30 SC411483 ns5:ShareCapital 2025-09-30 SC411483 ns5:ShareCapital 2024-09-30 SC411483 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-09-30 SC411483 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-09-30 SC411483 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 SC411483 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 SC411483 ns5:PlantMachinery 2024-10-01 2025-09-30 SC411483 ns5:FurnitureFittings 2024-10-01 2025-09-30 SC411483 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-09-30 SC411483 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-09-30 SC411483 ns5:DeferredTaxation 2024-09-30 SC411483 ns5:DeferredTaxation 2024-10-01 2025-09-30 SC411483 ns5:DeferredTaxation 2025-09-30 SC411483 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-09-30

REGISTERED NUMBER: SC411483 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| STANDARD REAL ESTATE (UNION POINT) LTD |

STANDARD REAL ESTATE (UNION POINT) LTD (REGISTERED NUMBER: SC411483) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 September 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| STANDARD REAL ESTATE (UNION POINT) LTD |

COMPANY INFORMATION

for the Year Ended 30 September 2025

| DIRECTORS: | H H Munro

| S Campbell

| REGISTERED OFFICE: | Davidson and Workman

| 16 Royal Terrace

| Glasgow

| G3 7NY

| REGISTERED NUMBER: | SC411483 (Scotland)

| ACCOUNTANTS: | D&W (Glasgow) Ltd

| 16 Royal Terrace

| Glasgow

| G3 7NY

STANDARD REAL ESTATE (UNION POINT) LTD (REGISTERED NUMBER: SC411483) |

ABRIDGED BALANCE SHEET

30 September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 215,257 |  | 235,791 |  |

Investment property | 5 | 3,375,000 |  | 3,375,000 |  |

3,590,257 |  | 3,610,791 |  |

CURRENT ASSETS

Debtors | 1,372,372 |  | 1,264,948 |  |

Cash at bank | 18,134 |  | 6,641 |  |

1,390,506 |  | 1,271,589 |  |

CREDITORS

Amounts falling due within one year | 251,848 |  | 211,134 |  |

NET CURRENT ASSETS | 1,138,658 |  | 1,060,455 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,728,915 |  | 4,671,246 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (2,000,000 | ) | (2,000,000 | ) |

PROVISIONS FOR LIABILITIES | 8 | (40,899 | ) | (44,600 | ) |

NET ASSETS | 2,688,016 |  | 2,626,646 |  |

CAPITAL AND RESERVES

Called up share capital | 20 |  | 20 |  |

Fair value reserve | 9 | 3,298,935 |  | 3,298,935 |  |

Retained earnings | (610,939 | ) | (672,309 | ) |

SHAREHOLDERS' FUNDS | 2,688,016 |  | 2,626,646 |  |

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

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

STANDARD REAL ESTATE (UNION POINT) LTD (REGISTERED NUMBER: SC411483) |

ABRIDGED BALANCE SHEET - continued

30 September 2025

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 Income Statement and an abridged Balance Sheet for the year ended 30 September 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 Board of Directors and authorised for issue on 2 April 2026 and were signed on its behalf by:

H H Munro - Director

STANDARD REAL ESTATE (UNION POINT) LTD (REGISTERED NUMBER: SC411483) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| Standard Real Estate (Union Point) 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 as modified by the revaluation of certain assets.

| The financial statements have been prepared under the historical cost convention, as modified by the revaluation of land and buildings and are in accordance with applicable accounting standards. However, compliance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective April 208) requires a departure from the requirements of the Companies Act 2006 relating to the depreciation of investment properties as described in the below note.

| The financial statements are prepared in sterling which is the functional currency of the company.

| Monetary amounts in these financial statements are rounded to the nearest £.

| Turnover

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

| 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 | - | 15% on cost

| Fixtures and fittings | - | 25% on reducing balance

| Investment property

| Investment properties are revalued at their open market value in accordance with the FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost in which case it is taken to the profit and loss account.

| No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view.

| The provisions of the FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made, the profit/loss for the year would have been decreased/increased by depreciation.

| However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified.

STANDARD REAL ESTATE (UNION POINT) LTD (REGISTERED NUMBER: SC411483) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash generating unit) is estimated to be less than it's carrying amount, the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation surplus.

3. | EMPLOYEES AND DIRECTORS

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

STANDARD REAL ESTATE (UNION POINT) LTD (REGISTERED NUMBER: SC411483) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 September 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024 | 292,220 |  |

| Additions | 1,810 |  |

| At 30 September 2025 | 294,030 |  |

| DEPRECIATION

| At 1 October 2024 | 56,429 |  |

| Charge for year | 22,344 |  |

| At 30 September 2025 | 78,773 |  |

| NET BOOK VALUE

| At 30 September 2025 | 215,257 |  |

| At 30 September 2024 | 235,791 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024

| and 30 September 2025 | 3,375,000 |  |

| NET BOOK VALUE

| At 30 September 2025 | 3,375,000 |  |

| At 30 September 2024 | 3,375,000 |  |

| Fair value at 30 September 2025 is represented by:

£ |

| Valuation in 2021 | 2,197,050 |  |

| Valuation in 2023 | 971,485 |  |

| Valuation in 2024 | 175,000 |  |

| Cost | 31,465 |  |

3,375,000 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 2,000,000 |  | 2,000,000 |  |

STANDARD REAL ESTATE (UNION POINT) LTD (REGISTERED NUMBER: SC411483) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 September 2025

7. | LOANS

| An analysis of the maturity of loans is given below:

| 30.9.25 |  | 30.9.24

£ | £ |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 2,000,000 |  | 2,000,000 |  |

8. | PROVISIONS FOR LIABILITIES

| 30.9.25 |  | 30.9.24

£ | £ |

| Deferred tax | 40,899 |  | 44,600 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 44,600 |  |

| Credit to Income Statement during year | (3,701 | ) |

| Balance at 30 September 2025 | 40,899 |  |

9. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 October 2024

| and 30 September 2025 | 3,298,935 |  |

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

STANDARD REAL ESTATE (UNION POINT) LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Standard Real Estate (Union Point) Ltd for the year ended 30 September 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Standard Real Estate (Union Point) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Standard Real Estate (Union Point) Ltd and state those matters that we have agreed to state to the Board of Directors of Standard Real Estate (Union Point) Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Standard Real Estate (Union Point) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Standard Real Estate (Union Point) Ltd. You consider that Standard Real Estate (Union Point) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Standard Real Estate (Union Point) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D&W (Glasgow) Ltd

16 Royal Terrace

Glasgow

G3 7NY

2 April 2026