REGISTERED NUMBER: SC491883 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Twelve Space Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Lonie

REGISTERED OFFICE:

11 Alva Street

Edinburgh

EH2 4PH

REGISTERED NUMBER:

SC491883 (Scotland)

ACCOUNTANTS:

LinklatersCA

8 Darnaway Street

Edinburgh

EH3 6BG

FIXED ASSETS

Tangible assets

4

1,599

2,806

Investment property

5

970,000

910,000

971,599

912,806

CURRENT ASSETS

Debtors

6

9,569

12,433

Cash at bank

33,489

18,004

43,058

30,437

CREDITORS

Amounts falling due within one year

7

25,858

48,613

NET CURRENT ASSETS/(LIABILITIES)

17,200

(18,176

)

TOTAL ASSETS LESS CURRENT LIABILITIES

988,799

894,630

CREDITORS

Amounts falling due after more than one year

8

(355,000

)

(355,000

)

PROVISIONS FOR LIABILITIES

(53,273

)

(44,077

)

NET ASSETS

580,526

495,553

CAPITAL AND RESERVES

Called up share capital

20

20

Fair value reserve

9

278,196

227,392

Retained earnings

302,310

268,141

SHAREHOLDERS' FUNDS

580,526

495,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 July 2026 and were signed by:

J D Lonie - Director

1.	STATUTORY INFORMATION

Twelve Space 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

6,408

36,377

957

43,742

DEPRECIATION

At 1 December 2024

4,487

36,130

319

40,936

Charge for year

641

247

319

1,207

At 30 November 2025

5,128

36,377

638

42,143

NET BOOK VALUE

At 30 November 2025

1,280

-

319

1,599

At 30 November 2024

1,921

247

638

2,806

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

910,000

Revaluations

60,000

At 30 November 2025

970,000

NET BOOK VALUE

At 30 November 2025

970,000

At 30 November 2024

910,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2015

6,510

Valuation in 2016

204,959

Valuation in 2019

186,000

Valuation in 2024

(126,000

)

Valuation in 2025

60,000

Cost

638,531

970,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

638,531

638,531

Investment property was valued on an open market basis on 30 November 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

9,569

12,433

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(1

)

2,120

Taxation and social security

11,172

11,806

Other creditors

14,687

34,687

25,858

48,613

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

355,000

355,000

9.

RESERVES

Fair

value

reserve

£

At 1 December 2024

227,392

Property revaluation in year

60,000

Movement in deferred tax

(9,196

)

At 30 November 2025

278,196

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2024 - £500) were paid to the director .

£355,000 was due by the company to the director at 30 November 2024. (2024 £375,000).