REGISTERED NUMBER: SC466034 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Falconer Real Estate Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

1,953,653

1,852,593

CURRENT ASSETS

Cash at bank

40,285

30,055

CREDITORS

Amounts falling due within one year

5

(915,230

)

(880,074

)

NET CURRENT LIABILITIES

(874,945

)

(850,019

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,078,708

1,002,574

CREDITORS

Amounts falling due after more than one year

6

(172,815

)

(176,004

)

PROVISIONS FOR LIABILITIES

(92,811

)

(92,811

)

NET ASSETS

813,082

733,759

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

812,982

733,659

SHAREHOLDERS' FUNDS

813,082

733,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 29 April 2026 and were signed by:

Mr L W D Falconer - Director

1.	STATUTORY INFORMATION

Falconer Real Estate Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC466034. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.

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.

Turnover

Turnover represents net invoiced sales in respect of property letting, excluding value added tax. Sales are recognised at the point at which the service is complete.

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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is

determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,852,593

Additions

101,060

At 31 March 2026

1,953,653

NET BOOK VALUE

At 31 March 2026

1,953,653

At 31 March 2025

1,852,593

Fair value at 31 March 2026 is represented by:

£

Valuation in 2019

208,365

Valuation in 2020

29,953

Valuation in 2021

15,000

Valuation in 2023

174,533

Cost

1,525,802

1,953,653

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

15,324

27,460

Amounts owed to related parties

164,750

97,500

Taxation and social security

38,964

33,341

Other creditors

696,192

721,773

915,230

880,074

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

172,815

176,004

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

111,516

66,164

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

188,139

203,464

Security is granted in favour of Bank of Scotland plc in respect of the bank loans, and are secured against the properties to which they relate.

8.	RELATED PARTY DISCLOSURES

Companies owned by family members

At the year end the company owed £164,750 (2025 - £97,500) to companies owned by family members. Loan interest of £5,275 (2025 - £5,250) was paid in relation to this debt during the year.