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REGISTERED NUMBER: SC268156 (Scotland)

Unaudited Financial Statements for the Year Ended 30 July 2025

for

Tay Properties Limited

| Tay Properties Limited (Registered number: SC268156) |

Contents of the Financial Statements

for the Year Ended 30 July 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 3 |

| Tay Properties Limited (Registered number: SC268156) |

Balance Sheet

30 July 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 353 |  | 1,073 |  |

Investment property | 5 | 441,100 |  | 487,000 |  |

441,453 |  | 488,073 |  |

Current assets

Debtors | 6 | - |  | 629 |  |

Creditors

Amounts falling due within one year | 7 | 93,003 |  | 129,857 |  |

Net current liabilities | (93,003 | ) | (129,228 | ) |

Total assets less current liabilities | 348,450 |  | 358,845 |  |

Creditors

Amounts falling due after more than one year | 8 | (282,593 | ) | (327,333 | ) |

Provisions for liabilities | (3,571 | ) | - |  |

Net assets | 62,286 |  | 31,512 |  |

Capital and reserves

Called up share capital | 10 | 2 |  | 2 |  |

Revaluation reserve | 11 | 97,839 |  | 85,925 |  |

Retained earnings | (35,555 | ) | (54,415 | ) |

Shareholders' funds | 62,286 |  | 31,512 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| Tay Properties Limited (Registered number: SC268156) |

Balance Sheet - continued

30 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2026 and were signed by:

S A Stewart - Director

| Tay Properties Limited (Registered number: SC268156) |

Notes to the Financial Statements

for the Year Ended 30 July 2025

1. | Statutory information

| Tay Properties Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

| Registered number: | SC268156

| Registered office: | 89 Forfar Road

| Dundee

| DD4 9BS

| The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

2. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rents receivable relating the period of the accounts gross of any management fees.

| Tangible fixed assets

| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings - 20% straight line

| Investment property

| Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

| Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

| The investment property fair value of £441,100 (2024 - £487,000) was determined by the directors based on the market value of similar properties in the area.

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Tay Properties Limited (Registered number: SC268156) |

Notes to the Financial Statements - continued

for the Year Ended 30 July 2025

2. | Accounting policies - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. | Employees and directors

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

4. | Tangible fixed assets

| Fixtures

| and

| fittings

£ |

| Cost

| At 31 July 2024 | 31,247 |  |

| Additions | 400 |  |

| Disposals | (31,247 | ) |

| At 30 July 2025 | 400 |  |

| Depreciation

| At 31 July 2024 | 30,174 |  |

| Charge for year | 1,120 |  |

| Eliminated on disposal | (31,247 | ) |

| At 30 July 2025 | 47 |  |

| Net book value

| At 30 July 2025 | 353 |  |

| At 30 July 2024 | 1,073 |  |

| Tay Properties Limited (Registered number: SC268156) |

Notes to the Financial Statements - continued

for the Year Ended 30 July 2025

5. | Investment property

| Total

£ |

| Fair value

| At 31 July 2024 | 487,000 |  |

| Disposals | (87,000 | ) |

| Revaluations | 41,100 |  |

| At 30 July 2025 | 441,100 |  |

| Net book value

| At 30 July 2025 | 441,100 |  |

| At 30 July 2024 | 487,000 |  |

| Fair value at 30 July 2025 is represented by:

£ |

| Valuation in 2024 | 487,000 |  |

| Valuation in 2025 | (87,000 | ) |

| Valuation in 2025 | 41,100 |  |

441,100 |  |

6. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 629 |  |

7. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 3,743 |  | 4,499 |  |

| Taxation and social security | 1,173 |  | - |  |

| Other creditors | 88,087 |  | 125,358 |  |

93,003 |  | 129,857 |  |

8. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Bank loans | 282,593 |  | 327,333 |  |

| Tay Properties Limited (Registered number: SC268156) |

Notes to the Financial Statements - continued

for the Year Ended 30 July 2025

8. | Creditors: amounts falling due after more than one year - continued

2025 | 2024 |

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more than 5 years | 282,593 |  | 327,333 |  |

9. | Secured debts

| Within creditors are secured liabilities of £283,555 (2024 - £328,462).

10. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | Ordinary shares | £1 | 2 |  | 2 |  |

11. | Reserves

| Revaluation

| reserve

£ |

| At 31 July 2024 | 85,925 |  |

| Transfer from retained earning | 15,485 |  |

| Transfer | (3,571 | ) |

| At 30 July 2025 | 97,839 |  |

12. | Related party disclosures

| Within creditors there is a balance of £74,721 (2024 - £107,489) owed to the director.