REGISTERED NUMBER: SC806789 (Scotland)

Unaudited Financial Statements

For The Year Ended 30 April 2026

for

Dunrowan Property Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTOR:

M D Downie

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC806789 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

151,883

145,054

Investment property

5

1,385,524

527,500

1,537,407

672,554

CURRENT ASSETS

Debtors

6

13,812

38,806

Cash at bank

4,986

13,668

18,798

52,474

CREDITORS

Amounts falling due within one year

7

244,300

250,421

NET CURRENT LIABILITIES

(225,502

)

(197,947

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,311,905

474,607

CREDITORS

Amounts falling due after more than one year

8

1,391,215

516,601

NET LIABILITIES

(79,310

)

(41,994

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

5,515

12,446

Fair value reserve

10

136,522

78,820

Retained earnings

(221,447

)

(133,360

)

SHAREHOLDERS' FUNDS

(79,310

)

(41,994

)

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 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 1 July 2026 and were signed by:

M D Downie - Director

1.	STATUTORY INFORMATION

Dunrowan Property Investments 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.

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.

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 May 2025

140,000

9,240

149,240

Additions

6,931

9,420

16,351

Revaluations

(6,931

)

-

(6,931

)

At 30 April 2026

140,000

18,660

158,660

DEPRECIATION

At 1 May 2025

2,800

1,386

4,186

Charge for year

-

2,591

2,591

At 30 April 2026

2,800

3,977

6,777

NET BOOK VALUE

At 30 April 2026

137,200

14,683

151,883

At 30 April 2025

137,200

7,854

145,054

Cost or valuation at 30 April 2026 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2025

12,700

-

12,700

Valuation in 2026

(6,931

)

-

(6,931

)

Cost

134,231

18,660

152,891

140,000

18,660

158,660

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.4.26

30.4.25

£

£

Cost

134,231

127,300

Freehold land and buildings were valued on an open market basis on 30 April 2026 by the director .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

527,500

Additions

800,322

Revaluations

57,702

At 30 April 2026

1,385,524

NET BOOK VALUE

At 30 April 2026

1,385,524

At 30 April 2025

527,500

Fair value at 30 April 2026 is represented by:

£

Valuation in 2025

78,820

Valuation in 2026

57,703

Cost

1,249,001

1,385,524

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

30.4.26

30.4.25

£

£

Cost

1,249,001

448,680

Investment property was valued on an open market basis on 30 April 2026 by various lenders .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

5,819

-

Other debtors

7,993

38,806

13,812

38,806

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans and overdrafts

141,080

107,261

Amounts owed to group undertakings

17,404

-

Other creditors

85,816

143,160

244,300

250,421

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans

975,586

307,729

Other creditors

415,629

208,872

1,391,215

516,601

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

975,586

307,729

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.26

30.4.25

£

£

Bank loans

1,116,666

414,990

Together Commercial hold the following securities:

1. Floating charge covering all the property or undertaking of the company

2. 26F Esslemont Avenue, Aberdeen, AB25 1SN

3. 28 Kintore Place, Aberdeen, AB25 2TP

4. 16 Berrywell Place, Dyce.

5. 57 Victoria Road, Aberdeen.

6. 7 Baingle Brae, Alloa

7. 46D Kintore Place, Aberdeen.

8. 9 Derwent Drive, Coatbridge.

9. 182 Newlands Road, Glasgow

Paratus AMC hold the following securities:

1. 26F Esslemont Avenue, Aberdeen AB25 1SN

2. Flat 2, 28 Kintore Place, Aberdeen, AB25 2TP

3. 9 Great Stuart Street, Peterhead, Aberdeen, AB42 1JX

4. 59 Oxford Street, Kirkintilloch.

Shawbrook bank hold the following securities:

1. Flat 0/1, 116 Ferguslie, Paisley & Flat 1/1 98 Quarry Street, Hamilton.

Lendinvest BTL hold the following securities:

1. 171 Gordon Mills Road, Aberdeen.

2. 7 Derry Avenue, Aberdeen, AB16 5SY

10.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 1 May 2025

12,446

78,820

91,266

Transfer to reserves

(6,931

)

57,702

50,771

At 30 April 2026

5,515

136,522

142,037

11.	RELATED PARTY DISCLOSURES

At 30/04/2026, Dunrowan Property Investments Ltd, owed £17,404 (PY - £0), to Dunrowan Developments Ltd. Both companies are under common control.

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 Dunrowan Property Investments Ltd for the year ended 30 April 2026 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 Dunrowan Property Investments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dunrowan Property Investments Ltd and state those matters that we have agreed to state to the director of Dunrowan Property Investments 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 Dunrowan Property Investments 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 loss of Dunrowan Property Investments Ltd. You consider that Dunrowan Property Investments 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 Dunrowan Property Investments 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

1 July 2026