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REGISTERED NUMBER: SC399501 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Clola Properties Ltd.

| Clola Properties Ltd. (Registered number: SC399501) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Clola Properties Ltd. |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Mr J P Gibb

| Mrs D Gibb

| Miss S Gibb

| Mr J Gibb

| Mrs C Stephen

| REGISTERED OFFICE: | Meadow View

| Nether Backhill

| Ardallie

| Peterhead

| Aberdeenshire

| AB42 5BQ

| REGISTERED NUMBER: | SC399501 (Scotland)

| ACCOUNTANTS: | SBP

| Accountants

| Glebefield House

| 21 Links Terrace

| Peterhead

| Aberdeenshire

| AB42 2XA

| Clola Properties Ltd. (Registered number: SC399501) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 696 |  | 182 |  |

Investment property | 5 | 380,000 |  | 380,000 |  |

380,696 |  | 380,182 |  |

CURRENT ASSETS

Debtors | 6 | 107 |  | - |  |

Cash at bank | 533 |  | 2,199 |  |

640 |  | 2,199 |  |

CREDITORS

Amounts falling due within one year | 7 | 484,635 |  | 491,146 |  |

NET CURRENT LIABILITIES | (483,995 | ) | (488,947 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (103,299 | ) | (108,765 | ) |

PROVISIONS FOR LIABILITIES | 132 |  | 35 |  |

NET LIABILITIES | (103,431 | ) | (108,800 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 8 | (201,576 | ) | (201,576 | ) |

Retained earnings | 8 | 98,045 |  | 92,676 |  |

SHAREHOLDERS' FUNDS | (103,431 | ) | (108,800 | ) |

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

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

| Clola Properties Ltd. (Registered number: SC399501) |

Balance Sheet - continued

31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2026 and were signed on its behalf by:

Mr J P Gibb - Director

| Clola Properties Ltd. (Registered number: SC399501) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Clola Properties Ltd. 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

| At 31 December 2025, the company's liabilities exceeded it's total assets. The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the directors and shareholders.

| Turnover

| Turnover represents the amounts (excluding value added tax) derived from the rental income.

| Tangible fixed assets

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

| Fixtures and fittings | - | 20% on reducing balance

| Computer equipment | - | 33% on cost

| Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

| Investment property

| Investment property is included at fair value. Losses are 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 1 ) .

| Clola Properties Ltd. (Registered number: SC399501) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 3,164 |  | 1,692 |  | 4,856 |  |

| Additions | - |  | 823 |  | 823 |  |

| Disposals | - |  | (1,692 | ) | (1,692 | ) |

| At 31 December 2025 | 3,164 |  | 823 |  | 3,987 |  |

| DEPRECIATION

| At 1 January 2025 | 2,982 |  | 1,692 |  | 4,674 |  |

| Charge for year | 37 |  | 272 |  | 309 |  |

| Eliminated on disposal | - |  | (1,692 | ) | (1,692 | ) |

| At 31 December 2025 | 3,019 |  | 272 |  | 3,291 |  |

| NET BOOK VALUE

| At 31 December 2025 | 145 |  | 551 |  | 696 |  |

| At 31 December 2024 | 182 |  | - |  | 182 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 380,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 380,000 |  |

| At 31 December 2024 | 380,000 |  |

| The investment properties were valued at their fair value on 31 December 2025 by the company directors.

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2017 | (31,576 | ) |

| Valuation in 2019 | (50,000 | ) |

| Valuation in 2020 | (55,000 | ) |

| Valuation in 2021 | (15,000 | ) |

| Valuation in 2022 | (45,000 | ) |

| Valuation in 2023 | (5,000 | ) |

| Cost | 581,576 |  |

380,000 |  |

| Clola Properties Ltd. (Registered number: SC399501) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Other debtors | 107 |  | - |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Taxation and social security | 1,161 |  | 1,163 |  |

| Other creditors | 483,474 |  | 489,983 |  |

484,635 |  | 491,146 |  |

8. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2025 | 92,676 |  | (201,576 | ) | (108,900 | ) |

| Profit for the year | 5,369 |  | - |  | 5,369 |  |

| At 31 December 2025 | 98,045 |  | (201,576 | ) | (103,531 | ) |

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr J P Gibb & Mrs D Gibb.