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REGISTERED NUMBER: SC038110 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Andmar Property Limited

| Andmar Property Limited (Registered number: SC038110) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Andmar Property Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Mr P J Hope

| Mrs A Hope

| REGISTERED OFFICE: | C/O Gillespie & Anderson

| Westburn Business Centre

| McNee Road

| Prestwick

| Ayrshire

| KA9 2PB

| REGISTERED NUMBER: | SC038110 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| Westburn Business Centre

| McNee Road

| Prestwick

| KA9 2PB

| Andmar Property Limited (Registered number: SC038110) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 375,000 |  | 375,000 |  |

CURRENT ASSETS

Debtors | 5 | 5,825 |  | 5,825 |  |

Cash at bank | 100,307 |  | 102,937 |  |

106,132 |  | 108,762 |  |

CREDITORS

Amounts falling due within one year | 6 | 24,813 |  | 29,382 |  |

NET CURRENT ASSETS | 81,319 |  | 79,380 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 456,319 |  | 454,380 |  |

PROVISIONS FOR LIABILITIES | 87,144 |  | 87,144 |  |

NET ASSETS | 369,175 |  | 367,236 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Non distributable

fair value reserve | 7 | 278,256 |  | 278,256 |  |

Retained earnings | 7 | 80,919 |  | 78,980 |  |

SHAREHOLDERS' FUNDS | 369,175 |  | 367,236 |  |

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

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

The directors acknowledge their 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.

| Andmar Property Limited (Registered number: SC038110) |

Balance Sheet - continued

31 December 2025

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

Mr P J Hope - Director

Mrs A Hope - Director

| Andmar Property Limited (Registered number: SC038110) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Andmar Property 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The directors have considered the financial position of the company, the resources available to it and the current trading conditions in concluding that it has the ability to meet commitments as they fall due for the foreseeable future. On that basis the directors have prepared the accounts on a going concern basis.

| Income/revenue recognition

| Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Company's activities. Income is presented, net of value-added tax, rebates and discounts and represents rent amounts due under the current lease.

| The Company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the Company's activities are met. Turnover represents rental income measured on the above basis.

| Investment property

| Investment properties are measured at their fair value at each reporting date, with changes in fair value recognised through the profit and loss account.

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

| Loans and other receivables

| Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

| Other financial liabilities

| Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

| Impairment of financial instruments

| A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

| Andmar Property Limited (Registered number: SC038110) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

| Impairment of fixed assets

| At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed 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 amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 375,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 375,000 |  |

| At 31 December 2024 | 375,000 |  |

| The fair value of investment property has been determined from market based evidence and in conjunction with valuations provided from professional qualified valuers.

| The directors are satisfied that £375,000 represents the value of the property taking account of all of the above factors and based on a valuation by Montagu Evans, Chartered Surveyors on 9 November 2018, valuing the property at 28 August 2018.

| Andmar Property Limited (Registered number: SC038110) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | INVESTMENT PROPERTY - continued

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 1986 | 88,000 |  |

| Valuation in 1991 | 115,000 |  |

| Valuation in 1992 | (15,000 | ) |

| Valuation in 2001 | (23,750 | ) |

| Valuation in 2004 | 173,750 |  |

| Valuation in 2010 | 25,000 |  |

| Valuation in 2018 | (25,000 | ) |

| Valuation in 2023 | 25,000 |  |

| Cost | 12,000 |  |

375,000 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 5,825 |  | 5,825 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 4,912 |  | 4,812 |  |

| Other creditors | 19,901 |  | 24,570 |  |

24,813 |  | 29,382 |  |

7. | RESERVES

| Non |

| distributable |

| fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2025 | 78,980 |  | 278,256 |  | 357,236 |  |

| Profit for the year | 20,939 |  | 20,939 |  |

| Dividends | (19,000 | ) | (19,000 | ) |

| At 31 December 2025 | 80,919 |  | 278,256 |  | 359,175 |  |

| Andmar Property Limited (Registered number: SC038110) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| Mr P J Hope and Mrs A Hope

| Balance outstanding at start of year | (10,356 | ) | (6,556 | ) |

| Amounts advanced | 5,000 |  | - |  |

| Amounts repaid | - |  | (3,800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (5,356 | ) | (10,356 | ) |

| The loan due to the directors is interest free and repayable on demand.

9. | CONTROLLING PARTY

| The ultimate controlling party is Mr & Mrs Peter Hope.