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REGISTERED NUMBER: SC647491 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

CULBO PROPERTIES LTD

CULBO PROPERTIES LTD (REGISTERED NUMBER: SC647491)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 November 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

CULBO PROPERTIES LTD

COMPANY INFORMATION

for the year ended 30 November 2025

| DIRECTOR: | A Cameron

| REGISTERED OFFICE: | 98 Oxgangs Road

| Edinburgh

| EH10 7AZ

| REGISTERED NUMBER: | SC647491 (Scotland)

| ACCOUNTANTS: | Mitchell Edwards

| Chartered Certified Accountants

| 24A Ainslie Place

| Edinburgh

| EH3 6AJ

CULBO PROPERTIES LTD (REGISTERED NUMBER: SC647491)

BALANCE SHEET

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 60,377 |  | - |  |

CURRENT ASSETS

Debtors | 5 | 5,000 |  | - |  |

Cash at bank | 10,955 |  | 79,850 |  |

15,955 |  | 79,850 |  |

CREDITORS

Amounts falling due within one year | 6 | 83,054 |  | 87,481 |  |

NET CURRENT LIABILITIES | (67,099 | ) | (7,631 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (6,722 | ) | (7,631 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Revaluation reserve | 7 | 449 |  | - |  |

Retained earnings | (7,271 | ) | (7,731 | ) |

(6,722 | ) | (7,631 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 May 2026 and were signed by:

A Cameron - Director

CULBO PROPERTIES LTD (REGISTERED NUMBER: SC647491)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 November 2025

1. | STATUTORY INFORMATION

| Culbo 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.

| 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 as modified by the revaluation of certain assets.

| Going concern

| The company is dependant upon the director to meet its day to day obligations. The director has expressed his willingness to support the Company for a period exceeding one year from the approval of these accounts and in the opinion of the director it is appropriate to continue to prepare accounts on a Going Concern Basis.

| 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.

| Listed investments

| Fixed asset investments are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market price. The Income Statement includes the net gains and losses arising on revaluations and disposals throughout the year.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| Additions | 425,405 |  |

| Disposals | (370,960 | ) |

| Revaluations | 5,932 |  |

| At 30 November 2025 | 60,377 |  |

| NET BOOK VALUE

| At 30 November 2025 | 60,377 |  |

CULBO PROPERTIES LTD (REGISTERED NUMBER: SC647491)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 November 2025

4. | FIXED ASSET INVESTMENTS - continued

| Cost or valuation at 30 November 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2026 | 5,932 |  |

| Cost | 54,445 |  |

60,377 |  |

| Investments are valued at fair value using the closing quoted market price. An increase in value of £5,932 is included in the Income Statement. The historic cost of the investments is £59,928.

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

2025 | 2024 |

£ | £ |

| Other debtors | 5,000 |  | - |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | - |  | 27 |  |

| Other creditors | 83,054 |  | 87,454 |  |

83,054 |  | 87,481 |  |

7. | RESERVES

| Revaluation

| reserve

£ |

| Revaluation | 449 |  |

| At 30 November 2025 | 449 |  |