REGISTERED NUMBER: SC531157 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Sundial House Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P H Miller

SECRETARY:

A Miller

REGISTERED OFFICE:

18 Broughton Place

Edinburgh

EH1 3RX

REGISTERED NUMBER:

SC531157 (Scotland)

ACCOUNTANTS:

Jeffrey Crawford & Co

Chartered Accountants

25 Castle Terrace

Edinburgh

EH1 2ER

FIXED ASSETS

Investment property

4

479,662

555,551

CURRENT ASSETS

Debtors

5

4,971

1,276

Cash at bank

27,865

25,036

32,836

26,312

CREDITORS

Amounts falling due within one year

6

22,362

92,123

NET CURRENT ASSETS/(LIABILITIES)

10,474

(65,811

)

TOTAL ASSETS LESS CURRENT LIABILITIES

490,136

489,740

CREDITORS

Amounts falling due after more than one year

7

483,024

483,024

NET ASSETS

7,112

6,716

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

7,107

6,711

7,112

6,716

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 28 May 2026 and were signed by:

P H Miller - Director

1.	STATUTORY INFORMATION

Sundial House 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.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The directors have made key assumptions in the determination of the fair value of the investment properties in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Turnover & expenditure

Turnover relates to property rental income receivable and recoverable expenses, is recognised on an accruals basis and time apportioned. Turnover is stated net of Value Added Tax [VAT].

Expenses

The company is Partially Exempt for VAT and the majority of this VAT is irrecoverable. Where this is the case the irrecoverable VAT is added back to individual expenses and they are stated as gross cost.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties whose fair value can be measured reliably on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, directors loan and bank loan.

Directors' loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

555,551

Additions

28,582

Disposals

(104,471

)

At 31 March 2026

479,662

NET BOOK VALUE

At 31 March 2026

479,662

At 31 March 2025

555,551

Investment properties are stated at the directors' estimate of fair value at the balance sheet date. The directors did not consider that there had been any significant movement in the value during the period requiring a change in value. Investment property is held for long term rental returns. Included in the investment property is land held for rental and future development at a cost of £137,000 (2025: £66,006.).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

4,971

1,276

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

93

1,744

Other creditors

22,269

90,379

22,362

92,123

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

483,024

483,024

2026

2025

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Term loan repayable by 2048

483,024

483,024

8.

LOANS

The term loan was advanced by family shareholder's which is interest free, unsecured and repayable in January 2048. The company may at it's discretion repay all or part at an earlier date.