REGISTERED NUMBER: SC152777 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

RIVEROAK PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

Chartered Accountants' Report

6

DIRECTORS:

W S Urquhart

D Flin

SECRETARY:

Raeburn Christie Clark & Wallace LLP

REGISTERED OFFICE:

12-16 Albyn Place

ABERDEEN

AB10 1PS

REGISTERED NUMBER:

SC152777 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

SOLICITORS:

Raeburn Christie Clark & Wallace LLP

12-16 Albyn Place

ABERDEEN

AB10 1PS

FIXED ASSETS

Tangible assets

4

3,295

3,935

Investment property

5

270,000

340,659

273,295

344,594

CURRENT ASSETS

Debtors

6

143,766

129,418

Cash at bank

2,124

14,901

145,890

144,319

CREDITORS

Amounts falling due within one year

7

131,118

137,035

NET CURRENT ASSETS

14,772

7,284

TOTAL ASSETS LESS CURRENT LIABILITIES

288,067

351,878

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

18,497

75,731

Retained earnings

269,568

276,145

SHAREHOLDERS' FUNDS

288,067

351,878

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

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

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 27 May 2026 and were signed on its behalf by:

W S Urquhart - Director

D Flin - Director

1.	STATUTORY INFORMATION

Riveroak Properties 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.

Revenue

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

Rental Income

Rental income earned from investment properties is recognised on a straight line basis over the term of the relevant lease. Rental income is included in other operating income.

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

-

33% on cost and 15% on reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

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 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

17,635

DEPRECIATION

At 1 September 2024

13,700

Charge for year

640

At 31 August 2025

14,340

NET BOOK VALUE

At 31 August 2025

3,295

At 31 August 2024

3,935

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

340,659

Revaluations

(70,659

)

At 31 August 2025

270,000

NET BOOK VALUE

At 31 August 2025

270,000

At 31 August 2024

340,659

Fair value at 31 August 2025 is represented by:

£

Valuation in 2005

13,969

Valuation in 2011

123,091

Valuation in 2018

(43,565

)

Valuation in 2025

(70,659

)

Cost

247,164

270,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

247,164

247,164

Investments properties were valued on an open market basis on 5 December 2025 by Shepherd, Chartered Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

126,700

126,700

Other debtors

17,066

2,718

143,766

129,418

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

131,118

137,035

8.

RESERVES

Fair

value

reserve

£

At 1 September 2024

75,731

Revaluation during the year

(57,234

)

At 31 August 2025

18,497

Fair Value Reserve

This reserve reflects cumulative revaluations of investment property (less provision for deferred tax).

These gains or losses are non-distributable.

9.	RELATED PARTY DISCLOSURES

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 Riveroak Properties Limited for the year ended 31 August 2025 which comprise the Income Statement, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Riveroak Properties 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 Riveroak Properties Limited and state those matters that we have agreed to state to the Board of Directors of Riveroak Properties Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Riveroak Properties 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 loss of Riveroak Properties Limited. You consider that Riveroak Properties 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 Riveroak Properties 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.

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

27 May 2026