For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Lamb And Kerr Properties Ltd is a private company limited by shares incorporated in Scotland. The registered office is 158 Glasgow Road, Edinburgh, United Kingdom, EH12 8LS.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

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.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The average monthly number of persons (including directors) employed by the company during the year was:

Investment property comprises two properties. The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 28 February 2026 by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Paragon Bank PLC holds a Standard Security over the investment property at 3F2 10 Leven Street, EH3 9LG.

Paragon Bank PLC holds a Standard Security, that contains a negative pledge, over the investment property at 4F1 129 Gilmore Place, EH3 9PP.

Lendinvest BTL Limited holds a Standard Security, that contains a negative pledge, over the investment property at 4F1 129 Gilmore Place, EH3 9PP.

Included within other creditors is a balance of £57,850 (2025: £57,750) owed to a company who has a participating interest in Lamb and Kerr Properties Ltd.

Included within other creditors is a balance of £56,851 (2025: £56,851) owed to a company who has a participating interest in Lamb and Kerr Properties Ltd. This loan was made on an interest free basis and has no terms of repayment.

Included within other creditors is a balance of £16,166 (2025: £1,166) owed to a company under common control with Lamb and Kerr Properties Ltd. This loan was made on an interest free basis and has no terms of repayment.

Included in creditors at the year end is a balance of £4,321 (2025: £nil) owed by the business to the directors. This loan was made on an interest-free basis and no repayment terms have been set.