REGISTERED NUMBER: SC761678 (Scotland)

Altro Property Limited

Unaudited Financial Statements

for the Year Ended 31st March 2026

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

J Craigen

C Booth

Registered office:

13/1 Rocheid Park

Edinburgh

EH4 1RU

Registered number:

SC761678 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Investment property

4

114,127

43,781

Current assets

Debtors

5

875

525

Investments

6

80,910

55,599

Cash at bank

60,858

47,304

142,643

103,428

Creditors

Amounts falling due within one year

7

73,904

54,456

Net current assets

68,739

48,972

Total assets less current liabilities

182,866

92,753

Creditors

Amounts falling due after more than one year

8

(52,500

)

(52,500

)

Provisions for liabilities

(6,555

)

-

Net assets

123,811

40,253

Capital and reserves

Called up share capital

2

2

Revaluation reserve

10

19,664

-

Retained earnings

104,145

40,251

123,811

40,253

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th April 2026 and were signed on its behalf by:

J Craigen - Director

C Booth - Director

1.	Statutory information

Altro Property Limited 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.	Accounting policies

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Rental income is recognised on the date the rent is received. The rent is received at the end of each month.

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.

Financial instruments

The following assets and liabilities are classified as financial instruments - accruals, other loans and directors' loans.

Directors' loans (being repayable on demand), accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 in the Income Statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Current asset investments

Unlisted investments are measured at cost.

3.	Employees and directors

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

4.	Investment property

Total

£

Fair value

At 1st April 2025

43,781

Additions

44,127

Revaluations

26,219

At 31st March 2026

114,127

Net book value

At 31st March 2026

114,127

At 31st March 2025

43,781

Fair value at 31st March 2026 is represented by:

£

Valuation in 2026

26,219

Cost

87,908

114,127

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

87,908

43,781

Investment property was valued on an open market basis basis on 31st March 2026 by the Directors .

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Other debtors

875

525

6.	Current asset investments

2026

2025

£

£

Unlisted investments

80,910

55,599

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Taxation and social security

26,117

12,671

Other creditors

47,787

41,785

73,904

54,456

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Other creditors

52,500

52,500

9.	Secured debts

The following secured debts are included within creditors:

2026

2025

£

£

Loan

52,500

52,500

Mortgage Works (UK) PLC holds a fixed charge over the property at Merkland Road.

10.

Reserves

Revaluatio

reserve

£

Property revaluation

26,219

Deferred tax adjustment

(6,555

)

At 31st March 2026

19,664