REGISTERED NUMBER: SC210823 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Solbud Property and Development Company

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr W M MacDonald

REGISTERED OFFICE:

34 Johnston Place

Inverness

IV24JH

REGISTERED NUMBER:

SC210823 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Investment property

4

200,000

269,000

CURRENT ASSETS

Debtors

5

-

960

Cash at bank

247,039

210,217

247,039

211,177

CREDITORS

Amounts falling due within one year

6

11,425

30,837

NET CURRENT ASSETS

235,614

180,340

TOTAL ASSETS LESS CURRENT LIABILITIES

435,614

449,340

PROVISIONS FOR LIABILITIES

12,701

17,830

NET ASSETS

422,913

431,510

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

7

76,801

113,020

Retained earnings

7

346,110

318,488

SHAREHOLDERS' FUNDS

422,913

431,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 25 June 2026 and were signed by:

Mr W M MacDonald - Director

1.	STATUTORY INFORMATION

Solbud Property and Development Company 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.

Investment property

Investment property is reported at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and deferred taxation is provided on gains at the rate expected to apply when property sold.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

269,000

Disposals

(69,000

)

At 28 February 2026

200,000

NET BOOK VALUE

At 28 February 2026

200,000

At 28 February 2025

269,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2018

67,502

Valuation in 2022

(5,000

)

Valuation in 2023

(23,000

)

Valuation in 2024

19,000

Valuation in 2025

31,000

Cost

110,498

200,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Other debtors

-

960

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

2,140

-

Taxation and social security

2,665

2,853

Other creditors

6,620

27,984

11,425

30,837

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 March 2025

318,488

113,020

431,508

Deficit for the year

(8,597

)

-

(8,597

)

Fair value reserve

36,219

(36,219

)

-

At 28 February 2026

346,110

76,801

422,911

8.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan of £779 received from Mrs J F MacDonald, spouse of the late Mr I MacDonald who was a Director and Shareholder of the company. The loan is interest free and there are no fixed repayment terms.