DPGM Properties Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of DPGM Properties Ltd for the year ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DPGM Properties Ltd which comprise the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of DPGM Properties Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of DPGM Properties Ltd and state those matters that we have agreed to state to the directors of DPGM Properties Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DPGM Properties Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that DPGM Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of DPGM Properties Ltd . You consider that DPGM Properties Ltd 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 accounts of DPGM Properties Ltd . 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 financial statements.

12 May 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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DPGM Properties Ltd

Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: SC417564

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		245,000		245,000

			245,000		245,000
CURRENT ASSETS
Cash at bank and in hand		11,103		8,997

		11,103		8,997
Creditors: Amounts Falling Due Within One Year	5	(60,022 )		(71,493 )

NET CURRENT ASSETS (LIABILITIES)			(48,919 )		(62,496 )

TOTAL ASSETS LESS CURRENT LIABILITIES			196,081		182,504

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,441 )		(13,441 )

NET ASSETS			182,640		169,063

CAPITAL AND RESERVES
Called up share capital			100		100
Revaluation reserve			54,141		54,141
Profit and Loss Account			128,399		114,822

SHAREHOLDERS' FUNDS			182,640		169,063

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DPGM Properties Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 8 May 2026 and were signed on its behalf by:

Mr D Coull

Director

The notes on pages 4 to 6 form part of these financial statements.

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DPGM Properties Ltd

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

DPGM Properties Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC417564 . The registered office is 11 Whitehills Rise, Cove, Aberdeen, Aberdeenshire, AB12 3UH.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on these adjustments at the rate expected to apply when the properties are sold.

2.4. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

...CONTINUED

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DPGM Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Investment Property

	2026
	£
Fair Value
As at 1 March 2025 and 28 February 2026	245,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	117,418	177,418

NET BOOK VALUE

Fair value at 28 February 2026 is represented by:
	£
Valuation in 2016	97,582
Valuation in 2017	(15,000)
Valuation in 2019	(15,000)
Cost	177,418

	245,000

Investment property was valued on an open market basis on 28 February 2026 by the directors.

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DPGM Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	51	233
Corporation tax	3,247	2,848
Accruals and deferred income	1,067	1,067
Directors' loan accounts	55,657	67,345

	60,022	71,493

6. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 March 2025	13,441	13,441

Balance at 28 February 2026	13,441	13,441

7. Directors Advances, Credits and Guarantees

Included within creditors are the following loans to directors:

	As at 1 March 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2026
	£	£	£	£	£
Mr Derek Coull	(67,345 )	(312 )	12,000	-	(55,657 )

The above loan is interest free and has no fixed repayment terms.

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