Company No: SC739218 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.10.2025		31.07.2024
		£		£
Fixed assets
Tangible assets	3	2,376		3,168
Investment property	4	890,000		675,000
		892,376		678,168
Current assets
Debtors	5	62,704		4,182
Cash at bank and in hand		118,390		128,420
		181,094		132,602
Creditors: amounts falling due within one year	6	( 24,584)		( 24,578)
Net current assets		156,510		108,024
Total assets less current liabilities		1,048,886		786,192
Creditors: amounts falling due after more than one year	7	( 566,263)		( 573,845)
Provision for liabilities	8, 9	( 134,862)		( 83,413)
Net assets		347,761		128,934
Capital and reserves
Called-up share capital	10	100		100
Revaluation reserve		329,584		175,239
Profit and loss account		18,077		( 46,405 )
Total shareholders' funds		347,761		128,934

For the financial period ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Craigie Property Group Ltd (registered number: SC739218) were approved and authorised for issue by the Board of Directors on 28 July 2026. They were signed on its behalf by:

Dr A Clark Director

Mr M Duigan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Craigie Property Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Ukaipo, Main Road, Gateside, KY14 7ST, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The financial statements cover the fifteen month period to 31 October 2025. The comparative financial statements cover the twelve month period from 1 August 2023 to 31 July 2024 and as such the comparatives are not directly comparable.

Turnover

Turnover represents rent receivable.

Rental income is recognised on a straight line basis over the term of the lease.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

20 % reducing balance

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible 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 extent of the impairment loss (if any).

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	Period from 01.08.2024 to 31.10.2025		Year ended 31.07.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 August 2024	3,647		3,647
At 31 October 2025	3,647		3,647
Accumulated depreciation
At 01 August 2024	479		479
Charge for the financial period	792		792
At 31 October 2025	1,271		1,271
Net book value
At 31 October 2025	2,376		2,376
At 31 July 2024	3,168		3,168

4. Investment property

	Investment property
	£
Valuation
As at 01 August 2024	675,000
Additions	9,206
Fair value movement	205,794
As at 31 October 2025	890,000

Valuation

The fair value of the investment property has been arrived at on the basis of a valuation carried out by DM Hall LLP and the directors at 31 October 2025. The valuation was made on an open market basis by reference to market evidence of the transaction prices for similar properties.

5. Debtors

	31.10.2025		31.07.2024
	£		£
Other debtors	62,704		4,182

6. Creditors: amounts falling due within one year

	31.10.2025		31.07.2024
	£		£
Trade creditors	1,186		0
Other creditors	23,398		24,578
	24,584		24,578

Included within Bank loans was a loan which was secured via standard security over the property to which it relates.

Included within other creditors is a grant received from Perth and Kinross Council of £7,500 which is secured via standard security over the property to which it relates.

7. Creditors: amounts falling due after more than one year

	31.10.2025		31.07.2024
	£		£
Bank loans	521,263		521,345
Other creditors	45,000		52,500
	566,263		573,845

Bank loans are secured by standard security over the investment property to which it relates and by way of personal guarantee by the directors.

Included within other creditors is a grant received from Perth and Kinross Council which is secured via standard security over the property to which it relates.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	31.10.2025		31.07.2024
	£		£
Bank loans (secured / repayable by instalments)	521,263		521,345

8. Provision for liabilities

	31.10.2025		31.07.2024
	£		£
Deferred tax	134,862		83,413

9. Deferred tax

	31.10.2025		31.07.2024
	£		£
At the beginning of financial period/year	( 83,413)		0
Charged to the Profit and Loss Account	( 51,449)		( 83,413)
At the end of financial period/year	( 134,862)		( 83,413)

10. Called-up share capital

	31.10.2025		31.07.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

11. Related party transactions

Other related party transactions

	31.10.2025		31.07.2024
	£		£
Amounts owed to related parties	0		727
Amounts owed by related parties	55,301		0

This loan is unsecured, interest free and has no fixed terms of repayment.