The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Whiteburn Allanbank Limited is a private company limited by shares incorporated in Scotland. The registered office is Clock Tower, 1 Jackson's Entry, Edinburgh, EH8 8PJ.

The current financial statements cover the year ended 31 May 2025. The comparative figures presented for the prior period relate to the shorter period from 26 June 2023 to 31 May 2024. As a result, the comparative figures are not entirely comparable with those of the current year.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

As noted in the subsequent event note, Note 7, at the date of approval of the accounts the company is reliant on the continued support of its loan investors, Whiteburn Holdings Limited and Housing Growth Partnership III LP, who have provided loan facilities totalling £1.65m, together with bank facilities agreed post year end totalling £3.85m. Investor loans are interest-free and are repayable for a period outwith one year. The investors have confirmed that repayment of these loans shall not be sought whilst this may damage the interests of any other creditor. On this basis, the directors of the company have prepared the financial statements having adopted the going concern basis of accounting.true

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The carrying value of stock is considered to be a critical accounting judgement. Management complete an appraisal of the stock valuation at the year end and adjust as necessary to ensure it is recognised in line with the accounting policy.

The average monthly number of persons (including directors) employed by the company during the year was:

On 24 December 2025, the company’s entire share capital was acquired by Whiteburn Residential Limited, a joint venture company owned by Whiteburn Holdings Limited and Housing Growth Partnership III LP.

On 24 December 2025, the company entered into an investment agreement with Whiteburn Holdings Limited, Housing Growth Partnership III LP, Whiteburn Residential Limited, and Whiteburn Projects Limited, a company controlled by Whiteburn Holdings Limited.

On 24 December 2025, the company entered into a loan agreement with Whiteburn Holdings Limited for current and future development costs. As at the date of the Agreement, the amount outstanding pursuant to the loan was £651,290 which has subsequently been repaid in full.

On 24 December 2025, the company entered into shareholder loan agreements with Whiteburn Holdings Limited and Housing Growth Partnership III LP. The total amount available to drawdown under these agreements is £1,650,000.

On 30 January 2026, the company also entered into a Development Management Agreement with Whiteburn Projects Limited. These agreements facilitate the development of 83 new homes for private sale.

On 13 February 2026, the company purchased a development site in Allanbank, Lauder to carry out the development. On the same date, a portion of this site was sold to Scottish Borders Housing Association. On 26 February 2026, the company entered into a loan agreement with Scottish National Investment Bank (the 'Bank') for a senior debt facility of £3.85m to carry out the development. The facility will comprise a series of loans on a peak debt basis, repayable within 48 months.

The company has taken advantage of the exemption available in FRS 102 (Section 1A) "Related party disclosures," whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.