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REGISTERED NUMBER: SC235968 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 31st October 2025 |

| for |

| Culsalmond Property & Investment Company |

| Limited |

| Culsalmond Property & Investment Company |

| Limited (Registered number: SC235968) |

Contents of the Financial Statements

for the year ended 31st October 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| Culsalmond Property & Investment Company |

| Limited |

Company Information

for the year ended 31st October 2025

| DIRECTORS: | N. A. Bewell

| J. J. R. Chapman

| I. A. Roulstone

| REGISTERED OFFICE: | Howe Moss Avenue

| Dyce

| Aberdeen

| AB21 0GP

| REGISTERED NUMBER: | SC235968 (Scotland)

| ACCOUNTANTS: | Sadofskys

| Chartered Accountants

| Princes House

| Wright Street

| Hull

| East Yorkshire

| HU2 8HX

| Culsalmond Property & Investment Company |

| Limited (Registered number: SC235968) |

Abridged Balance Sheet

31st October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,369 |  | 1,611 |  |

Investments | 5 | 1,594,321 |  | 1,594,321 |  |

Investment property | 6 | - |  | 410,000 |  |

1,595,690 |  | 2,005,932 |  |

CURRENT ASSETS

Debtors | - |  | 23,354 |  |

Cash at bank | 466,728 |  | 8,023 |  |

466,728 |  | 31,377 |  |

CREDITORS

Amounts falling due within one year | 1,965,781 |  | 1,937,444 |  |

NET CURRENT LIABILITIES | (1,499,053 | ) | (1,906,067 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 96,637 |  | 99,865 |  |

PROVISIONS FOR LIABILITIES | 342 |  | 403 |  |

NET ASSETS | 96,295 |  | 99,462 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 2 |  | 2 |  |

Retained earnings | 96,293 |  | 99,460 |  |

SHAREHOLDERS' FUNDS | 96,295 |  | 99,462 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 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.

| Culsalmond Property & Investment Company |

| Limited (Registered number: SC235968) |

Abridged Balance Sheet - continued

31st October 2025

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 8th May 2026 and were signed on its behalf by:

N. A. Bewell - Director

| Culsalmond Property & Investment Company |

| Limited (Registered number: SC235968) |

Notes to the Financial Statements

for the year ended 31st October 2025

1. | STATUTORY INFORMATION

| Culsalmond Property & Investment Company 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Preparation of consolidated financial statements

| The financial statements contain information about Culsalmond Property & Investment Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The policies adopted for the recognition of turnover are as follows;

| Rental property

| Rental income is recognised based on monthly rental periods, in accordance with property rental agreements.

| Investment income

| Dividend income is recognised as the company's right to received payment is established.

| Interest receivable

| Interest receivable is recognised using the effective interest method.

| 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 | - | 15% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost. The investment will be reviewed annually for any impairment.

| 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.

| Culsalmond Property & Investment Company |

| Limited (Registered number: SC235968) |

Notes to the Financial Statements - continued

for the year ended 31st October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - 2 ).

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1st November 2024

| and 31st October 2025 | 9,702 |  |

| DEPRECIATION

| At 1st November 2024 | 8,091 |  |

| Charge for year | 242 |  |

| At 31st October 2025 | 8,333 |  |

| NET BOOK VALUE

| At 31st October 2025 | 1,369 |  |

| At 31st October 2024 | 1,611 |  |

| Culsalmond Property & Investment Company |

| Limited (Registered number: SC235968) |

Notes to the Financial Statements - continued

for the year ended 31st October 2025

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1st November 2024

| and 31st October 2025 | 1,594,321 |  |

| NET BOOK VALUE

| At 31st October 2025 | 1,594,321 |  |

| At 31st October 2024 | 1,594,321 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st November 2024 | 410,000 |  |

| Disposals | (410,000 | ) |

| At 31st October 2025 | - |  |

| NET BOOK VALUE

| At 31st October 2025 | - |  |

| At 31st October 2024 | 410,000 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

| Culsalmond Property & Investment Company |

| Limited (Registered number: SC235968) |

Notes to the Financial Statements - continued

for the year ended 31st October 2025

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st October 2025 and 31st October 2024:

2025 | 2024 |

£ | £ |

| K. G. Norrie

| Balance outstanding at start of year | 4,984 |  | (624 | ) |

| Amounts advanced | 51,215 |  | 5,920 |  |

| Amounts repaid | (56,199 | ) | (312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 4,984 |  |

9. | ULTIMATE CONTROLLING PARTY

| The entire share capital of the company was acquired by SLS Group Limited (Reg. No. 03743859) on 31st October 2025.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Culsalmond Property & Investment Company

Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Culsalmond Property & Investment Company Limited for the year ended 31st October 2025 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Culsalmond Property & Investment Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Culsalmond Property & Investment Company Limited and state those matters that we have agreed to state to the Board of Directors of Culsalmond Property & Investment Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Culsalmond Property & Investment Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Culsalmond Property & Investment Company 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 Culsalmond Property & Investment Company Limited. You consider that Culsalmond Property & Investment Company 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 Culsalmond Property & Investment Company 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.

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

8th May 2026