Company No: SC324791 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.11.2025		31.05.2024
		£		£
Fixed assets
Investment property	4	210,000		185,000
		210,000		185,000
Current assets
Cash at bank and in hand	5	4,043		29,050
		4,043		29,050
Creditors: amounts falling due within one year	6	( 559,479)		( 588,750)
Net current liabilities		(555,436)		(559,700)
Total assets less current liabilities		(345,436)		(374,700)
Provision for liabilities	7, 8	( 3,760)		0
Net liabilities		( 349,196)		( 374,700)
Capital and reserves
Called-up share capital	9	100		100
Revaluation reserve		24,974		3,734
Profit and loss account		( 374,270 )		( 378,534 )
Total shareholder's deficit		( 349,196)		( 374,700)

For the financial period ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Milton Burn Developments Limited (registered number: SC324791) were approved and authorised for issue by the Board of Directors on 27 June 2026. They were signed on its behalf by:

Mr A L Grant Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Milton Burn Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Heathfield County Place, Pitcairngreen, Perth, PH1 3LS, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis as the directors consider it appropriate to do so. In coming to this conclusion the directors confirm that they will continue to support the company for at least twelve months following the date of approval of these accounts. They have also confirmed that they will not seek repayment of the directors' loan balances until all other creditors have been met.

Reporting period length

The financial statements cover the 18 months to 30 November 2025. The comparative financial statements cover a 12 month period from 1 June 2023 to 31 May 2024 and as such, the comparatives are not directly comparable.

Turnover

Turnover represents amounts receivable for the sale of land and property and management services.

Revenue for management services is recognised on the accruals basis and revenue for the sale of land and property is recognised when the title is transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	Period from 01.06.2024 to 30.11.2025		Year ended 31.05.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	2		2

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 June 2024	736		736
At 30 November 2025	736		736
Accumulated depreciation
At 01 June 2024	736		736
At 30 November 2025	736		736
Net book value
At 30 November 2025	0		0
At 31 May 2024	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 June 2024	185,000
Fair value movement	25,000
As at 30 November 2025	210,000

Valuation

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 August 2025 by DM Hall LLP, Chartered Surveyors.

5. Cash and cash equivalents

	30.11.2025		31.05.2024
	£		£
Cash at bank and in hand	4,043		29,050

6. Creditors: amounts falling due within one year

	30.11.2025		31.05.2024
	£		£
Trade creditors	455		0
Other taxation and social security	21		156
Other creditors	559,003		588,594
	559,479		588,750

7. Provision for liabilities

	30.11.2025		31.05.2024
	£		£
Deferred tax	3,760		0

8. Deferred tax

	30.11.2025		31.05.2024
	£		£
At the beginning of financial period/year	0		0
Charged to the Profit and Loss Account	( 3,760)		0
At the end of financial period/year	( 3,760)		0

9. Called-up share capital

	30.11.2025		31.05.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

10. Related party transactions

Transactions with the entity's directors

	30.11.2025		31.05.2024
	£		£
Key management personnel	556,188		585,788

The above loans are unsecured, interest free and have no fixed terms of repayment.