REGISTERED NUMBER: SC211200 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

A L M Properties Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A L McDonald

K McDonald

SECRETARY:

DM Company Services Ltd

REGISTERED OFFICE:

14 Circus Lane

Edinburgh

EH3 6SU

REGISTERED NUMBER:

SC211200 (Scotland)

ACCOUNTANTS:

Gibson McKerrell Burrows Limited

28 Rutland Square

Edinburgh

EH1 2BW

BANKERS:

Bank of Scotland plc

300 Lawnmarket

Edinburgh

EH1 2PH

SOLICITORS:

Dickson Minto W.S

16 Charlotte Square

Edinburgh

EH2 4DF

FIXED ASSETS

Tangible assets

4

67,996

69,743

Investments

5

752,086

753,908

Investment property

6

3,343,690

3,343,690

4,163,772

4,167,341

CURRENT ASSETS

Debtors

7

108

113

Cash at bank

80,284

28,370

80,392

28,483

CREDITORS

Amounts falling due within one year

8

3,044,534

3,136,368

NET CURRENT LIABILITIES

(2,964,142

)

(3,107,885

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,199,630

1,059,456

PROVISIONS FOR LIABILITIES

9

57,290

57,727

NET ASSETS

1,142,340

1,001,729

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

1,142,240

1,001,629

SHAREHOLDERS' FUNDS

1,142,340

1,001,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 4 June 2026 and were signed on its behalf by:

K McDonald - Director

1.	STATUTORY INFORMATION

A L M 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about A L M Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is attributable to the company's principal activity of property management and rental.

Tangible fixed assets

Tangible fixed assets are initially measured at cost. Cost includes the original purchase price and costs directly attributable to bringing the asset to its present location and into its present condition. After initial recognition, the assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. Freehold properties are subsequently measured at their revalued amount, being the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided by equal instalments at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Land is not depreciated.

Land and buildings - nil

Fixtures & fittings - 20% on reducing balance basis

Depreciation and impairment losses are charged to the Income Statement within administrative expenses.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 without undue cost or effort, 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 Income Statement in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort, on an on-going basis, are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

Fixed asset investments

Fixed asset investments are included in the company's statement of financial position at cost less any amounts written off for permanent diminution in value.

At the end of each reporting period, investments are assessed for objective evidence of impairment. If objective evidence is found, an impairment loss is recognised in the Income Statement.

On disposal of an investment, the difference between the disposal proceeds and the carrying amount of the investment is recognised in the Income Statement.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and payables, loans from banks and other third parties.

At the end of each reporting period, financial assets that are measured at cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the . Income Statement. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party.

Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Hire purchase and leasing commitments

Rentals under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to Income Statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2025

and 30 April 2026

61,007

68,457

129,464

DEPRECIATION

At 1 May 2025

-

59,721

59,721

Charge for year

-

1,747

1,747

At 30 April 2026

-

61,468

61,468

NET BOOK VALUE

At 30 April 2026

61,007

6,989

67,996

At 30 April 2025

61,007

8,736

69,743

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in joint

Unlisted

undertakings

venture

investments

Totals

£

£

£

£

COST

At 1 May 2025

1

753,907

-

753,908

Additions

-

-

38,000

38,000

Disposals

-

(100,000

)

-

(100,000

)

Share of profit/(loss)

-

60,178

-

60,178

At 30 April 2026

1

714,085

38,000

752,086

NET BOOK VALUE

At 30 April 2026

1

714,085

38,000

752,086

At 30 April 2025

1

753,907

-

753,908

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

and 30 April 2026

3,343,690

NET BOOK VALUE

At 30 April 2026

3,343,690

At 30 April 2025

3,343,690

Fair value at 30 April 2026 is represented by:

£

Valuation in 2019

427,410

Cost

2,916,280

3,343,690

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

2,916,280

2,916,280

Investment property was valued on an open market basis on 30 April 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

108

113

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

47,442

21,814

Other creditors

2,997,092

3,114,554

3,044,534

3,136,368

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

1,747

2,184

Deferred tax on revaluation

55,543

55,543

57,290

57,727

Deferred

tax

£

Balance at 1 May 2025

57,727

Utilised during year

(437

)

Balance at 30 April 2026

57,290

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

26

A Ordinary

£1

26

26

26

B Ordinary

£1

26

26

16

C Ordinary

£1

16

16

16

D Ordinary

£1

16

16

16

E Ordinary

£1

16

16

100

100

11.

RESERVES

Retained earnings are analysed as follows:

2026

2025

£

£

Distributable

770,374

629,763

Non-Distributable

371,866

371,866

Total

1,142,240

1,001,629

12.	RELATED PARTY DISCLOSURES

Included in other creditors is a director's loan of £426,827 (2025 : £3,045,393). This loan is unsecured, interest free and without specific terms for repayment.