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COMPANY REGISTRATION NUMBER: 08994078

Ecosse Estates Limited

Filleted Unaudited Financial Statements

30 June 2025

Ecosse Estates Limited

Financial Statements

Year ended 30 June 2025

Contents | Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

Ecosse Estates Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Ecosse Estates Limited

Year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ecosse Estates Limited for the year ended 30 June 2025, which comprise the statement of financial position 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 www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Ecosse Estates Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Ecosse Estates Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ecosse Estates Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Ecosse Estates Limited 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 Ecosse Estates Limited. You consider that Ecosse Estates Limited 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 Ecosse Estates Limited. 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.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
1 April 2026

Ecosse Estates Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 11,967,365 | 11,555,946

Current assets

Stocks | – |  | 131,609
Debtors | 6 | 705,259 |  | 551,269
Cash at bank and in hand | 174,817 |  | 15,599
| --------- |  | ---------
| 880,076 |  | 698,477

Creditors: amounts falling due within one year | 7 | 567,761 |  | 708,702
| --------- |  | ---------
Net current assets/(liabilities) |  | 312,315 | ( 10,225)
|  | ------------- | -------------
Total assets less current liabilities |  | 12,279,680 | 11,545,721

Creditors: amounts falling due after more than one year | 8 |  | 3,100,000 | 3,100,196

Provisions

Taxation including deferred tax |  | 1,702,504 | 1,585,333
|  | ------------- | -------------
Net assets |  | 7,477,176 | 6,860,192
|  | ------------- | -------------

Capital and reserves

Called up share capital |  | 1,000 | 1,000
Non-distributable reserves |  | 5,370,420 | 5,021,161
Profit and loss account |  | 2,105,756 | 1,838,031
|  | ------------ | ------------
Shareholders funds |  | 7,477,176 | 6,860,192
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The 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 Act with respect to accounting records and the preparation of financial statements .

Ecosse Estates Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 1 April 2026 , and are signed on behalf of the board by:

Mr R A Caplan | Mr B H Caplan
Director | Director

Company registration number: 08994078

Ecosse Estates Limited

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 5 Bollinway, Hale, Altrincham, Cheshire, WA150NZ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor Vehicles | - | 25% reducing balance
| Equipment | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets

| Land and buildings | Equipment | Total
| £ | £ | £
Cost or valuation |  |  |
At 1 July 2024 | 11,547,500 | 11,556 | 11,559,056
Additions | 68,988 | 1,099 | 70,087
Disposals | ( 245,000) | – | ( 245,000)
Revaluations | 588,512 | – | 588,512
| ------------- | -------- | -------------
At 30 June 2025 | 11,960,000 | 12,655 | 11,972,655
| ------------- | -------- | -------------
Depreciation |  |  |
At 1 July 2024 | – | 3,110 | 3,110
Charge for the year | – | 2,180 | 2,180
| ------------- | -------- | -------------
At 30 June 2025 | – | 5,290 | 5,290
| ------------- | -------- | -------------
Carrying amount |  |  |
At 30 June 2025 | 11,960,000 | 7,365 | 11,967,365
| ------------- | -------- | -------------
At 30 June 2024 | 11,547,500 | 8,446 | 11,555,946
| ------------- | -------- | -------------

The company's investment properties were valued by the directors at £11,960,000 (2024: £11,547,500 at 30th June 2025, after taking appropriate professional advice. In accordance with FRS 102, investment properties are shown at fair value, any surplus or deficit being transferred to non-distributable reserve. Accordingly, such assets are not depreciated as this would conflict in the Directors' opinion, with the requirement to give a true and fair view.
6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 30,196 | 28,905
Other debtors | 675,063 | 522,364
| --------- | ---------
| 705,259 | 551,269
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 235,001 | 229,600
Trade creditors | 40,851 | 37,374
Corporation tax | 161,173 | 127,368
Social security and other taxes | 3,018 | 2,620
Other creditors | 127,718 | 311,740
| --------- | ---------
| 567,761 | 708,702
| --------- | ---------

Bank of Scotland Plc and Together Commercial Finance Limited have been granted standard securities containing negative pledge over the property portfolio in respect of term loan borrowings.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 3,100,000 | 3,100,000
Other creditors | – | 196
| ------------ | ------------
| 3,100,000 | 3,100,196
| ------------ | ------------

9. Directors' advances, credits and guarantees
At the balance sheet date, a director owed the company £52,922 (2024 - the director was owed £38,447). Interest has been charged on these loans where applicable at the official rate of interest amounting to a charge of £922 in the current year. £165,854 was drawn by the director in the year and £75,407 repaid. These loans are unsecured and have no fixed date of repayment. At the balance sheet date, a director was owed £27,253 by the company (2024 - £205,861). These loans are interest free, unsecured and have no fixed date of repayment.
10. Related party transactions
As at 30th June 2025 the company was owed £182,595 (2024: £162,325) by entities under common control As at 30th June 2025 the company owed £67,847 (2024: £33,777) to entities under common control. The balances above are interest free, unsecured and have no fixed date for repayment.
11. Controlling party
The company was under the control of Mr R A Caplan and Mr B H Caplan during the current period.