REGISTERED NUMBER: SC489405 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

SIL Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Mr John Docherty Martin

Mr Brian Perry Morrison

REGISTERED OFFICE:

29 Lonmay Place

Panorama Business Village

Glasgow

G33 4ER

REGISTERED NUMBER:

SC489405 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Investment property

4

2,693,947

2,670,742

CURRENT ASSETS

Debtors

5

550,408

284,426

Cash at bank and in hand

16,648

358,653

567,056

643,079

CREDITORS

Amounts falling due within one year

6

50,484

287,213

NET CURRENT ASSETS

516,572

355,866

TOTAL ASSETS LESS CURRENT LIABILITIES

3,210,519

3,026,608

CREDITORS

Amounts falling due after more than one year

7

(727,129

)

(442,447

)

PROVISIONS FOR LIABILITIES

(110,915

)

(128,735

)

NET ASSETS

2,372,475

2,455,426

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

443,157

443,157

Retained earnings

1,929,218

2,012,169

2,372,475

2,455,426

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Board of Directors and authorised for issue on 25 March 2026 and were signed on its behalf by:

Mr John Docherty Martin - Director

Mr Brian Perry Morrison - Director

1.	STATUTORY INFORMATION

SIL Property 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.

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 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.

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.

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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

2,670,742

Additions

856,695

Disposals

(833,490

)

At 31 May 2025

2,693,947

NET BOOK VALUE

At 31 May 2025

2,693,947

At 31 May 2024

2,670,742

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

3,196

17,459

Amounts owed by group undertakings

527,996

-

Other debtors

19,216

266,967

550,408

284,426

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

16,000

121,244

Trade creditors

21,038

5,011

Amounts owed to group undertakings

-

67,792

Taxation and social security

-

71,625

Other creditors

13,446

21,541

50,484

287,213

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

727,129

442,447

8.

RESERVES

Fair

value

reserve

£

At 1 June 2024

and 31 May 2025

443,157

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

25 March 2026