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REGISTERED NUMBER: SC546318 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| RBC PROPERTY LTD |

| RBC PROPERTY LTD (REGISTERED NUMBER: SC546318) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 7 |

| RBC PROPERTY LTD |

COMPANY INFORMATION

for the year ended 30 SEPTEMBER 2025

| DIRECTORS: | R Connell

| L Connell

| REGISTERED OFFICE: | 17 Finlayson Place

| Larbert

| Falkirk

| FK5 4FX

| REGISTERED NUMBER: | SC546318 (Scotland)

| ACCOUNTANTS: | Thomas Barrie & Co LLP

| 4th Floor, Atlantic House

| 1a Cadogan Street

| Glasgow

| G2 6QE

| RBC PROPERTY LTD (REGISTERED NUMBER: SC546318) |

STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,694,422 |  | 1,332,677 |  |

CURRENT ASSETS

Debtors | 5 | - |  | 11,858 |  |

Cash at bank | 10,710 |  | 11,984 |  |

10,710 |  | 23,842 |  |

CREDITORS

Amounts falling due within one year | 6 | (319,295 | ) | (309,303 | ) |

NET CURRENT LIABILITIES | (308,585 | ) | (285,461 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,385,837 |  | 1,047,216 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (827,862 | ) | (618,662 | ) |

PROVISIONS FOR LIABILITIES | (114,593 | ) | (86,468 | ) |

NET ASSETS | 443,382 |  | 342,086 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Fair value reserve | 9 | 343,777 |  | 259,402 |  |

Retained earnings | 99,603 |  | 82,682 |  |

443,382 |  | 342,086 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

| RBC PROPERTY LTD (REGISTERED NUMBER: SC546318) |

STATEMENT OF FINANCIAL POSITION - continued

30 SEPTEMBER 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 5 June 2026 and were signed on its behalf by:

R Connell - Director

| RBC PROPERTY LTD (REGISTERED NUMBER: SC546318) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Rbc Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC546318. The registered office is 17 Finlayson Place, Larbert, Falkirk, Scotland, FK5 4FX.

| The principal activity of the company is investment property.

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.

| The presentational and functional currency of the financial statements is Pounds Sterling (£).

| Significant judgements and estimates

| The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Provisions

| Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

| Turnover

| Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

| Rental income

| Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease.

| Investment property

| Investment property is included at fair value. Gains/losses are recognised in the Income Statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

| Financial instruments

| In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

| There are no significant judgements or estimates used in the preparation of these accounts.

| RBC PROPERTY LTD (REGISTERED NUMBER: SC546318) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024 | 1,332,677 |  |

| Additions | 249,245 |  |

| Revaluations | 112,500 |  |

| At 30 September 2025 | 1,694,422 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,694,422 |  |

| At 30 September 2024 | 1,332,677 |  |

| Fair value at 30 September 2025 is represented by:

£ |

| Valuation in 2018 | 31,695 |  |

| Valuation in 2019 | 35,000 |  |

| Valuation in 2020 | 82,480 |  |

| Valuation in 2022 | 45,000 |  |

| Valuation in 2023 | 37,000 |  |

| Valuation in 2024 | 114,695 |  |

| Valuation in 2025 | 112,500 |  |

| Cost | 1,236,052 |  |

1,694,422 |  |

| RBC PROPERTY LTD (REGISTERED NUMBER: SC546318) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 SEPTEMBER 2025

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

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 11,858 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 2,123 |  | 4,773 |  |

| Taxation and social security | 4,204 |  | 4,341 |  |

| Other creditors | 312,968 |  | 300,189 |  |

319,295 |  | 309,303 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 827,862 |  | 618,662 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 827,862 |  | 618,662 |  |

| The company has provided Standard Security in favour of The Mortgage Works (UK) plc over the investment properties to which loans relate.

9. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 October 2024 | 259,402 |  |

| Transfer to FV reserve | 84,375 |  |

| At 30 September 2025 | 343,777 |  |

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

RBC PROPERTY LTD

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 Statement of Financial Position. 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 Rbc Property Ltd for the year ended 30 September 2025 which comprise the Income Statement, Statement of Financial Position, 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 Rbc Property Ltd, 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 Rbc Property Ltd and state those matters that we have agreed to state to the Board of Directors of Rbc Property Ltd, 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 Rbc Property Ltd 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 profit of Rbc Property Ltd. You consider that Rbc Property Ltd 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 Rbc Property Ltd. 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.

Thomas Barrie & Co LLP

4th Floor, Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

Date: .............................................