REGISTERED NUMBER: SC786029 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 October 2025

for

Apl Maxwell Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTOR:

Ms A C Maxwell

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC786029 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

636

187

Investment property

5

530,455

166,047

531,091

166,234

CURRENT ASSETS

Debtors

6

2,109

5,932

Cash at bank

671

7,908

2,780

13,840

CREDITORS

Amounts falling due within one year

7

223,275

76,953

NET CURRENT LIABILITIES

(220,495

)

(63,113

)

TOTAL ASSETS LESS CURRENT LIABILITIES

310,596

103,121

CREDITORS

Amounts falling due after more than one year

8

(276,175

)

(115,605

)

PROVISIONS FOR LIABILITIES

(8,755

)

-

NET ASSETS/(LIABILITIES)

25,666

(12,484

)

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

80,893

-

Retained earnings

(55,228

)

(12,485

)

SHAREHOLDERS' FUNDS

25,666

(12,484

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 3 July 2026 and were signed by:

Ms A C Maxwell - Director

1.	STATUTORY INFORMATION

Apl Maxwell Properties Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

20% on cost

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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

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

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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.

Going concern

Management have reviewed the financial position of the business and believe the business will continue for the foreseeable future. Therefore, the accounts have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2024

234

Additions

620

At 31 October 2025

854

DEPRECIATION

At 1 November 2024

47

Charge for year

171

At 31 October 2025

218

NET BOOK VALUE

At 31 October 2025

636

At 31 October 2024

187

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

166,047

Additions

274,760

Revaluations

89,648

At 31 October 2025

530,455

NET BOOK VALUE

At 31 October 2025

530,455

At 31 October 2024

166,047

Fair value at 31 October 2025 is represented by:

£

Valuation in 2024

166,046

Valuation in 2025

364,409

530,455

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

31.10.25

31.10.24

£

£

Cost

437,147

-

Investment property was valued on fair value basis on 31 October 2025 by the director. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

2,109

5,932

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other creditors

223,275

76,953

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

276,175

115,605

31.10.25

31.10.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

276,175

115,605

9.	SECURED DEBTS

Together Commercial Finance Limited

228G King Street, Aberdeen, AB24 5BU

SC78 6029 0001

Together Commercial Finance Limited

All and whole the subjects known as and forming 18 Main

SC78 6029 0002

Together Commercial Finance Limited

All and whole the subjects known as and forming 18 Main

SC78 6029 0003

Together Commercial Finance Limited

Contains floating charge

SC78 6029 0004

Mortgage Works (UK) PLC

All and whole the heritable subjects known as 228 King

SC78 6029 0006

Lendinvest Btl Limited

All and whole the subjects known as and forming 19 Station

SC78 6029 0007

Together Commercial Finance Limited

5 Auldearn Road, Aberdeen, AB12 5NB

SC78 6029 0008

Paratus Amc Limited

All and whole the subjects known as and forming 5 Auldearn

SC78 6029 0009

Together Commercial Finance Limited

Contains floating charge

SC78 6029 0010

Together Commercial Finance Limited

All and whole the property known as and forming 5 Greenvale

SC78 6029 0011

Together Commercial Finance Limited

All and whole the subjects known as and forming Flat C, 484

SC78 6029 0012

Lendinvest Btl Limited

All and whole the subjects known as and forming 5 Greenvale

SC78 6029 0014

Lendinvest Btl Limited

All and whole the subjects known as and forming 3 Caroline

SC78 6029 0015

10.

RESERVES

Fair

value

reserve

£

Transfer to fair value reserve

89,648

Deferred tax on revaluation

(8,755

)

At 31 October 2025

80,893

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Apl Maxwell Properties Ltd for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, 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 director of Apl Maxwell Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Apl Maxwell Properties Ltd and state those matters that we have agreed to state to the director of Apl Maxwell Properties Ltd 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 director for our work or for this report.

It is your duty to ensure that Apl Maxwell Properties 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 Apl Maxwell Properties Ltd. You consider that Apl Maxwell Properties 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 Apl Maxwell Properties 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

3 July 2026