Company registration number SC641938 (Scotland)
ALAGOM LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
ALAGOM LTD.
Contents
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 8
ALAGOM LTD.
Report To The Director On The Preparation Of The Unaudited Statutory Accounts Of Alagom Ltd.
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alagom Ltd. for the year ended 29 January 2026 which comprise, the statement of financial position 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 the 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 b oard of d irectors of Alagom Ltd., as a body, in accordance with the terms of our engagement letter dated 27 May 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Alagom Ltd. and state those matters that we have agreed to state to the b oard of d irectors of Alagom Ltd., as a body, in this report in accordance with the requirements of the 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 Alagom Ltd. and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Alagom 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 Alagom Ltd.. You consider that Alagom 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 Alagom 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 f inancial statements.

Condie & Co Limited trading as Dains
Chartered Accountants
10 Abbey Park Place
Dunfermline
Fife
KY12 7NZ
6 May 2026
ALAGOM LTD.
Statement Of Financial Position
As At 29 January 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
4
516,406
507,406
Investments
5
100
100
516,506
507,506
Current assets
Debtors
7
89,437
73,163
Cash at bank and in hand
2,243
966
91,680
74,129
Creditors: amounts falling due within one year
8
(85,867)
(72,716)
Net current assets
5,813
1,413
Total assets less current liabilities
522,319
508,919
Creditors: amounts falling due after more than one year
9
(206,945)
(211,970)
Net assets
315,374
296,949
Capital and reserves
Called up share capital
10
200
200
Profit and loss reserves
315,174
296,749
Total equity
315,374
296,949
ALAGOM LTD.
Statement Of Financial Position (Continued)
As At 29 January 2026
- 3 -

For the financial year ended 29 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 May 2026
Ms S Doherty
Director
Company registration number SC641938 (Scotland)
ALAGOM LTD.
Notes To The Financial Statements
For The Year Ended 29 January 2026
- 4 -
1
Accounting policies
Company information

Alagom Ltd. is a private company limited by shares incorporated in Scotland. The registered office is 53 London Street, Edinburgh, EH3 6LX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ALAGOM LTD.
Notes To The Financial Statements (Continued)
For The Year Ended 29 January 2026
1
Accounting policies
(Continued)
- 5 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ALAGOM LTD.
Notes To The Financial Statements (Continued)
For The Year Ended 29 January 2026
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
0
0
4
Investment property
2026
£
Fair value
At 30 January 2025
507,406
Additions
9,000
At 29 January 2026
516,406

The property has been included in the financial statements at director's valuation. The director is of the opinion that the value at 29 January 2026 is a fair reflection of the market value.

The investment property with a fair value of £516,406 has been pledged as security in favour of The Mortgage Lender Limited.

5
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
100
100
6
Subsidiaries

Details of the company's subsidiaries at 29 January 2026 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Hula Limited
53 London Street, Edinburgh, EH3 6LX
Ordinary shares
100.00
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
89,437
73,163
ALAGOM LTD.
Notes To The Financial Statements (Continued)
For The Year Ended 29 January 2026
- 7 -
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
5,025
5,025
Trade creditors
214
-
0
Other creditors
76,232
64,718
Accruals and deferred income
4,396
2,973
85,867
72,716
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
206,945
211,970

The Mortgage Lender Limited hold a standard security dated 10 December 2019 over the investment property.

Amounts included above which fall due after five years are as follows:
Payable by instalments
182,079
187,104
10
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
200
200
200
11
Related party transactions

The company has taken advantage of Section 1AC35 of FRS 102 whereby only material transactions which are not under the normal market conditions need to be disclosed.

The company has taken advantage of Section 33.1A of FRS102 whereby only transactions which are not with wholly owned members of a group need to be disclosed.

ALAGOM LTD.
Notes To The Financial Statements (Continued)
For The Year Ended 29 January 2026
- 8 -
12
Directors' transactions

The balance due to the director, which is included in other creditors, is repayable on demand.

Loans
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Ms S Doherty
1.84
64,718
50,400
1,000
(39,886)
76,232
64,718
50,400
1,000
(39,886)
76,232
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