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REGISTERED NUMBER: SC779440 (Scotland)

Unaudited Financial Statements

for the Period 1 September 2024 to 31 December 2025

for

SKJR PROPERTY LTD

SKJR PROPERTY LTD (REGISTERED NUMBER: SC779440)

Contents of the Financial Statements

for the Period 1 September 2024 to 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 8 |

SKJR PROPERTY LTD

Company Information

for the Period 1 September 2024 to 31 December 2025

| DIRECTORS: | S McCormick

| Mrs K McCormick

| REGISTERED OFFICE: | The Boathouse

| Davieland Road

| Giffnock

| G46 7UG

| REGISTERED NUMBER: | SC779440 (Scotland)

| ACCOUNTANTS: | McAllisters

| Paxton House

| 11 Woodside Crescent

| Charing Cross

| Glasgow

| G3 7UL

SKJR PROPERTY LTD (REGISTERED NUMBER: SC779440)

Balance Sheet

31 December 2025

| 31.12.25 | 31.8.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 194,155 |  | - |  |

CURRENT ASSETS

Stocks | 5,000 |  | - |  |

Debtors | 5 | 17,183 |  | 10 |  |

Cash at bank | 228,030 |  | - |  |

250,213 |  | 10 |  |

CREDITORS

Amounts falling due within one year | 6 | 428,987 |  | - |  |

NET CURRENT (LIABILITIES)/ASSETS | (178,774 | ) | 10 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 15,381 |  | 10 |  |

PROVISIONS FOR LIABILITIES | 10,480 |  | - |  |

NET ASSETS | 4,901 |  | 10 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 10 |  | 10 |  |

Retained earnings | 9 | 4,891 |  | - |  |

SHAREHOLDERS' FUNDS | 4,901 |  | 10 |  |

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

SKJR PROPERTY LTD (REGISTERED NUMBER: SC779440)

Balance Sheet - continued

31 December 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 Statement of Income and Retained Earnings 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:

S McCormick - Director

SKJR PROPERTY LTD (REGISTERED NUMBER: SC779440)

Notes to the Financial Statements

for the Period 1 September 2024 to 31 December 2025

1. | STATUTORY INFORMATION

| SKJR Property 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared on a going concern basis on the understanding that the directors will ensure that all liabilities are settled when they fall due.

| Turnover

| Turnover includes revenue earned from the sale of food and drink and rendering of catering and hospitality services.

| Sale of food and drink

| Turnover is recognised when the customer has paid their bill for the food and drink they have ordered.

| Rendering of catering and hospitality services

| Turnover from the rendering of catering and hospitality services is recognised when the sales invoice for the service has been raised.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged to profit or loss over the estimated useful economic lives, as follows:

| Plant & Machinery - 25% on reducing balance

| Computer equipment - 25% SL

| Leasehold property - 10% SL

| Assets which are funded by a finance lease, included in any of the above categories, are depreciated on a straight line basis over the length of the finance lease.

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within profit or loss

| Stocks

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

SKJR PROPERTY LTD (REGISTERED NUMBER: SC779440)

Notes to the Financial Statements - continued

for the Period 1 September 2024 to 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Trade and other debtors/creditors

| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances and call deposits

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit or loss.

| For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SKJR PROPERTY LTD (REGISTERED NUMBER: SC779440)

Notes to the Financial Statements - continued

for the Period 1 September 2024 to 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Provision

| A provision is recognised when the company has a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 34 (2024 - NIL ) .

4. | TANGIBLE FIXED ASSETS

| Leasehold |  | Plant and |  | Computer |

| property |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| Additions | 169,150 |  | 49,503 |  | 6,390 |  | 225,043 |  |

| At 31 December 2025 | 169,150 |  | 49,503 |  | 6,390 |  | 225,043 |  |

| DEPRECIATION

| Charge for period | 16,915 |  | 12,375 |  | 1,598 |  | 30,888 |  |

| At 31 December 2025 | 16,915 |  | 12,375 |  | 1,598 |  | 30,888 |  |

| NET BOOK VALUE

| At 31 December 2025 | 152,235 |  | 37,128 |  | 4,792 |  | 194,155 |  |

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

| 31.12.25 |  | 31.8.24

£ | £ |

| Trade debtors | 4,683 |  | - |  |

| Other debtors | 12,500 |  | - |  |

| Directors' current accounts | - |  | 10 |  |

17,183 |  | 10 |  |

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

| 31.12.25 |  | 31.8.24

£ | £ |

| Trade creditors | 103,945 |  | - |  |

| Social security and other taxes | 8,100 |  | - |  |

| VAT | 103,022 |  | - |  |

| Directors' current accounts | 167,191 |  | - |  |

| Accrued expenses | 46,729 |  | - |  |

428,987 |  | - |  |

SKJR PROPERTY LTD (REGISTERED NUMBER: SC779440)

Notes to the Financial Statements - continued

for the Period 1 September 2024 to 31 December 2025

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.25 |  | 31.8.24

£ | £ |

| Within one year | 50,000 |  | - |  |

| Between one and five years | 350,000 |  | - |  |

400,000 |  | - |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.8.24

| value: | £ | £ |

| 1,000 | Ordinary | 0.01 | 10 |  | 10 |  |

9. | RESERVES

| Retained

| earnings

£ |

| Profit for the period | 4,891 |  |

| At 31 December 2025 | 4,891 |  |

10. | RELATED PARTY DISCLOSURES

| Directors' remuneration for the year totalled £334,167.

11. | ULTIMATE CONTROLLING PARTY

| Scott and Kathryn McCormick, each own 50% of the share capital. Together they are considered to be the ultimate controlling parties.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

SKJR Property 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 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 SKJR Property Ltd for the period ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 SKJR Property 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 SKJR Property Ltd and state those matters that we have agreed to state to the Board of Directors of SKJR Property 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 SKJR Property 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 SKJR Property Ltd. You consider that SKJR Property Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of SKJR Property 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.

McAllisters

Paxton House

11 Woodside Crescent

Charing Cross

Glasgow

G3 7UL

2 April 2026