Bercoz Properties Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Bercoz Properties Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC515696 . The registered office is 62D Carnegie Place, Perth, PH1 5ED.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% reducing balance
Motor Vehicles	20% straight line
Fixtures & Fittings	33% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Corporation 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Bercoz Properties Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Sales, marketing and distribution	8	7
Directors	2	2

	10	9

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	19,763

As at 31 January 2026	19,763

Amortisation
As at 1 February 2025	11,857
Provided during the period	1,976

As at 31 January 2026	13,833

Net Book Value
As at 31 January 2026	5,930

As at 1 February 2025	7,906

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2025	15,953	-	16,569	32,522
Additions	4,188	17,380	1,665	23,233

As at 31 January 2026	20,141	17,380	18,234	55,755

Depreciation
As at 1 February 2025	13,334	-	13,739	27,073
Provided during the period	2,246	3,476	1,484	7,206

As at 31 January 2026	15,580	3,476	15,223	34,279

...CONTINUED

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Bercoz Properties Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Net Book Value
As at 31 January 2026	4,561	13,904	3,011	21,476

As at 1 February 2025	2,619	-	2,830	5,449

6. Stocks

	2026	2025
	£	£
Stock	4,500	4,500

7. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	-	5,524
Other debtors	244,517	234,517
Other taxes and social security	1,238	1,678

	245,755	241,719

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	562	(2,328 )
Corporation tax	11,728	17,395
VAT	1,465	1,841
Customer deposits	25,723	29,060
Business Interruption Loan less than one year	5,000	15,000
Accruals and deferred income	17,635	3,849
Directors' loan accounts	58,773	66,692

	120,886	131,509

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other loans	41,460	-
Business Interruption Loan	-	5,000

	41,460	5,000

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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Bercoz Properties Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mrs Nicoleta Cozma	43,212	(15,790 )	13,600	-	41,022
Mr Alan Berwick	23,480	(19,329 )	13,600	-	17,751

The above loans are unsecured, interest free and repayable on demand.

Dividends paid to directors

	2026	2025
	£	£
Mr Alan Berwick	-	18,750
Mrs Nicoleta Cozma	-	18,750

12. Related Party Transactions

Cozber Holdings Ltd

Inter company transactions

Included within Debtors is an amount due from Cozber Holdings Ltd of £87,000 (£87,000 - 2025). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Cozber Holdings Ltd and hold all of the share capital.

Cozber Ltd

Inter company transactions

Included within Debtors is an amount due from Cozber Ltd of £45,818 (£35,818 - 2025). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Cozber Ltd and hold all of the share capital.

Nicsim Ltd

Inter company transactions

Included within Debtors is an amount due from Nicsim Ltd of £111,700 (£111,700 - 2025). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Nicsim Ltd and hold all of the share capital.

13. Ultimate Controlling Party

The company's ultimate controlling parties are Alan Berwick and Nicoleta Camelia Cozma by virtue of their joint ownership of 100% of the issued share capital in the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,930		7,906
Tangible Assets	5		21,476		5,449

			27,406		13,355
CURRENT ASSETS
Stocks	6	4,500		4,500
Debtors	7	245,755		241,719
Cash at bank and in hand		44,562		23,031

		294,817		269,250
Creditors: Amounts Falling Due Within One Year	8	(120,886 )		(131,509 )

NET CURRENT ASSETS (LIABILITIES)			173,931		137,741

TOTAL ASSETS LESS CURRENT LIABILITIES			201,337		151,096

Creditors: Amounts Falling Due After More Than One Year	9		(41,460 )		(5,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,704 )		(1,226 )

NET ASSETS			158,173		144,870

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			158,073		144,770

SHAREHOLDERS' FUNDS			158,173		144,870

Mrs Nicoleta Cozma Director	Mr Alan Berwick Director
18th July 2026