REGISTERED NUMBER: SC295862 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

429 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G A Hay

Mr G Hay

REGISTERED OFFICE:

4 Mill Road

Port Elphinstone

Inverurie

Aberdeenshire

AB51 5UD

REGISTERED NUMBER:

SC295862 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

62,017

64,134

Investment property

5

1,416,489

1,586,489

1,478,506

1,650,623

CURRENT ASSETS

Debtors

6

6,539

4,146

Cash at bank

86,071

10,533

92,610

14,679

CREDITORS

Amounts falling due within one year

7

943,734

1,081,381

NET CURRENT LIABILITIES

(851,124

)

(1,066,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

627,382

583,921

CREDITORS

Amounts falling due after more than one year

8

(67,992

)

(65,539

)

PROVISIONS FOR LIABILITIES

(1,009

)

(9,381

)

NET ASSETS

558,381

509,001

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Other reserve

10

226,775

180,845

Retained earnings

330,606

327,156

558,381

509,001

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 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 10 June 2026 and were signed on its behalf by:

Mrs G A Hay - Director

1.	STATUTORY INFORMATION

429 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings 25% on cost

Computer equipment 25% on cost

Motor vehicles 25% reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

3,408

98,160

1,565

103,133

Additions

-

31,265

-

31,265

Disposals

-

(28,910

)

-

(28,910

)

At 31 March 2026

3,408

100,515

1,565

105,488

DEPRECIATION

At 1 April 2025

3,408

34,026

1,565

38,999

Charge for year

-

21,186

-

21,186

Eliminated on disposal

-

(16,714

)

-

(16,714

)

At 31 March 2026

3,408

38,498

1,565

43,471

NET BOOK VALUE

At 31 March 2026

-

62,017

-

62,017

At 31 March 2025

-

64,134

-

64,134

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2025

98,160

Additions

31,265

Disposals

(28,910

)

At 31 March 2026

100,515

DEPRECIATION

At 1 April 2025

34,026

Charge for year

21,186

Eliminated on disposal

(16,714

)

At 31 March 2026

38,498

NET BOOK VALUE

At 31 March 2026

62,017

At 31 March 2025

64,134

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,586,489

Additions

9,800

Disposals

(179,800

)

At 31 March 2026

1,416,489

NET BOOK VALUE

At 31 March 2026

1,416,489

At 31 March 2025

1,586,489

Fair value at 31 March 2026 is represented by:

£

Valuation in 2007

113,469

Valuation in 2009

87,953

Valuation in 2015

(87,243

)

Valuation in 2016

30,841

Valuation in 2019

141,673

Valuation in 2020

(30,390

)

Valuation in 2023

(148,259

)

Valuation in 2025

62,372

Valuation in 2026

56,704

Cost

1,189,369

1,416,489

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

1,189,369

1,416,073

Investment properties were valued on an open market basis on 31 March 2023 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

3,621

600

Other debtors

2,918

3,546

6,539

4,146

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 9)

13,135

11,536

Taxation and social security

51,649

4,418

Other creditors

878,950

1,065,427

943,734

1,081,381

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 9)

67,992

65,539

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

13,135

11,536

Between one and five years

67,992

65,539

81,127

77,075

10.

RESERVES

Other

reserve

£

At 1 April 2025

180,845

Deferred tax movement

(10,774

)

Revaluations

56,704

At 31 March 2026

226,775

11.	RELATED PARTY DISCLOSURES

During the year consultancy fees of £1,500 (£1,500 - 2025) was received from Findlay, Glover and MacAulay Limited, a company of which G Hay is a director.

During the year consultancy fees of £6,000 (£6,000 - 2025) was received from GPH Builders Merchants Limited, a company of which G Hay is a director.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.