REGISTERED NUMBER: SC786839 (Scotland)

Balnagowan Asset Management Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C D B Flockhart

REGISTERED OFFICE:

3 North Park Terrace

Edinburgh

EH4 1DP

REGISTERED NUMBER:

SC786839 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

FIXED ASSETS

Tangible assets

4

894

1,079

CURRENT ASSETS

Debtors

5

81,005

41,281

Cash at bank

83,898

72,712

164,903

113,993

CREDITORS

Amounts falling due within one year

6

31,303

40,070

NET CURRENT ASSETS

133,600

73,923

TOTAL ASSETS LESS CURRENT LIABILITIES

134,494

75,002

PROVISIONS FOR LIABILITIES

224

270

NET ASSETS

134,270

74,732

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

134,260

74,722

SHAREHOLDERS' FUNDS

134,270

74,732

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 July 2026 and were signed by:

C D B Flockhart - Director

1.	STATUTORY INFORMATION

Balnagowan Asset Management 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.

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.

Turnover

Turnover represents fees from property consultancy advice, excluding value added tax. Revenue is recognised when the company obtains the right to consideration for the services provided.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

1,439

Additions

499

Disposals

(399

)

At 31 October 2025

1,539

DEPRECIATION

At 1 November 2024

360

Charge for year

385

Eliminated on disposal

(100

)

At 31 October 2025

645

NET BOOK VALUE

At 31 October 2025

894

At 31 October 2024

1,079

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

59,520

41,281

Other debtors

21,485

-

81,005

41,281

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

29,253

38,835

Other creditors

2,050

1,235

31,303

40,070

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

10p

10

10

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2025 and the period ended 31 October 2024:

2025

2024

£

£

C D B Flockhart

Balance outstanding at start of year

(36

)

-

Amounts advanced

22,541

7,563

Amounts repaid

(1,020

)

(7,599

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,485

(36

)

The director's current account balance is unsecured and has no fixed terms for repayments. Interest has been charged at 3.75%. The loan was repaid on 29 July 2026