REGISTERED NUMBER: SC621491 (Scotland)

Santorinia Investments Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Irshad

REGISTERED OFFICE:

8 Margaret Rose Crescent

Edinburgh

EH10 7EZ

REGISTERED NUMBER:

SC621491 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

15a Cameron Toll Shopping Centre

6 Lady Road

Edinburgh

EH16 5PB

FIXED ASSETS

Tangible assets

4

1,553

780

Investments

5

50

50

Investment property

6

1,030,498

730,000

1,032,101

730,830

CURRENT ASSETS

Debtors

7

4,065

1,624

Cash at bank

11,684

6,141

15,749

7,765

CREDITORS

Amounts falling due within one year

8

410,041

423,339

NET CURRENT LIABILITIES

(394,292

)

(415,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

637,809

315,256

CREDITORS

Amounts falling due after more than one year

9

(296,539

)

-

PROVISIONS FOR LIABILITIES

-

(3,980

)

NET ASSETS

341,270

311,276

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

11

22,521

22,521

Retained earnings

11

317,749

287,755

341,270

311,276

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 7 July 2026 and were signed by:

I Irshad - Director

1.	STATUTORY INFORMATION

Santorinia 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.

Turnover and revenue recognition

Turnover represents net invoiced rental income, excluding value added tax.

Rent is recognised in accordance with the lease agreement.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

1,040

Additions

1,377

At 28 February 2026

2,417

DEPRECIATION

At 1 March 2025

260

Charge for year

604

At 28 February 2026

864

NET BOOK VALUE

At 28 February 2026

1,553

At 28 February 2025

780

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 March 2025

and 28 February 2026

50

NET BOOK VALUE

At 28 February 2026

50

At 28 February 2025

50

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

730,000

Additions

300,498

At 28 February 2026

1,030,498

NET BOOK VALUE

At 28 February 2026

1,030,498

At 28 February 2025

730,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2024

30,028

Cost

1,000,470

1,030,498

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

2026

2025

£

£

Cost

1,000,470

699,972

Investment properties were valued on an open market basis on 11 September 2024 by J&E Shepherd, Chartered Surveyors.

The director believes these valuations are still appropriate at 28 February 2026.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

4,065

1,624

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

5,600

16,756

Other creditors

404,441

406,583

410,041

423,339

Included in other creditors is a balance due on the director's current account. This balance is unsecured, interest-free, and repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

296,539

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

236,539

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

296,539

-

Hampden & Co holds a charge over two of the company's properties and both, a fixed and floating charge over the company's assets.

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 March 2025

287,755

22,521

310,276

Profit for the year

29,994

29,994

At 28 February 2026

317,749

22,521

340,270