REGISTERED NUMBER: SC226369 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Spice of Life Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Ahmad

R Ahmad

REGISTERED OFFICE:

9 Cowan Wynd

Uddingston

Glasgow

G71 6TP

REGISTERED NUMBER:

SC226369 (Scotland)

ACCOUNTANTS:

Wallace and Company C.A.

10 Clydesdale Street

Hamilton

Strathclyde

ML3 0DP

FIXED ASSETS

Tangible assets

5

-

425

Investment property

6

340,717

340,717

340,717

341,142

CURRENT ASSETS

Debtors

7

16,896

17,450

Cash at bank

5,573

725

22,469

18,175

CREDITORS

Amounts falling due within one year

8

37,290

38,084

NET CURRENT LIABILITIES

(14,821

)

(19,909

)

TOTAL ASSETS LESS CURRENT LIABILITIES

325,896

321,233

CREDITORS

Amounts falling due after more than one year

9

9,336

27,439

NET ASSETS

316,560

293,794

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

316,460

293,694

316,560

293,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 20 April 2026 and were signed on its behalf by:

M Ahmad - Director

1.	STATUTORY INFORMATION

Spice of Life Properties 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of all services delivered during the year, at a price exclusive of Value Added Tax. Income is recognised at the point that the company has fulfilled its contractual obligations to the tenants.

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

-

33.33% on cost

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 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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

1,273

DEPRECIATION

At 1 April 2025

848

Charge for year

425

At 31 March 2026

1,273

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

425

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

340,717

NET BOOK VALUE

At 31 March 2026

340,717

At 31 March 2025

340,717

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

16,896

17,450

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

18,059

18,059

Taxation and social security

16,339

18,383

Other creditors

2,892

1,642

37,290

38,084

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

9,336

27,439

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

27,395

45,498

The bank loan is secured by a floating charge over all the company`s property and assets and standard securities over the company`s individual properties.