REGISTERED NUMBER: SC763738 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Andorinha Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S J Robinson

S M Griffiths

REGISTERED OFFICE:

11 Winchburgh Road

Winchburgh

Broxburn

EH52 6QB

REGISTERED NUMBER:

SC763738 (Scotland)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Tangible assets

4

26,317

35,094

Investment property

5

667,963

665,000

694,280

700,094

CURRENT ASSETS

Debtors

6

1,032

1,267

Cash at bank

11,262

5,040

12,294

6,307

CREDITORS

Amounts falling due within one year

7

433,883

659,836

NET CURRENT LIABILITIES

(421,589

)

(653,529

)

TOTAL ASSETS LESS CURRENT LIABILITIES

272,691

46,565

CREDITORS

Amounts falling due after more than one year

8

(242,781

)

-

PROVISIONS FOR LIABILITIES

-

(5,674

)

NET ASSETS

29,910

40,891

CAPITAL AND RESERVES

Called up share capital

200

200

Non-distributable reserve

10

130,218

130,218

Retained earnings

10

(100,508

)

(89,527

)

29,910

40,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 24 July 2026 and were signed on its behalf by:

S M Griffiths - Director

1.	STATUTORY INFORMATION

Andorinha Properties 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 as modified by the revaluation of certain assets.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these

financial statements are rounded to the nearest £1, except where otherwise indicated.

Turnover

Turnover represents rental income is recognised on an accruals basis in accordance with the substance of the relevant agreement.

Tangible fixed assets

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

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.

Provision for liabilities

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

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.

Debtors and creditors receivable/payable in one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Other income

Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Dividend income is recognised when the right to receive payment is established.

Income from fixed asset investments is recognised when the right to it has been established.

Government grants are recognised on an accruals basis in accordance with the substance of the relevant

agreement.

Income from fixed asset investments is recognised when the right to it has been established.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

46,212

Additions

3,610

At 31 March 2026

49,822

DEPRECIATION

At 1 April 2025

11,118

Charge for year

12,387

At 31 March 2026

23,505

NET BOOK VALUE

At 31 March 2026

26,317

At 31 March 2025

35,094

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

665,000

Additions

2,963

At 31 March 2026

667,963

NET BOOK VALUE

At 31 March 2026

667,963

At 31 March 2025

665,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

130,218

Cost

537,745

667,963

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

31.3.26

31.3.25

£

£

Cost

537,745

534,782

Investment property was valued on an open market basis on 29 May 2025 by Graham & Sibbald, Chartered Surveyors .

The directors are of the view the the value will have not changed significantly as at 31 March 2026.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Prepayments

1,032

1,267

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

5,624

2,728

Trade creditors

10,047

4,586

VAT

2,263

1,253

Other creditors

500

500

Directors' current accounts

411,482

648,719

Accrued expenses

3,967

2,050

433,883

659,836

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

4,332

-

Bank loans - 2-5 years

12,996

-

Bank loans more 5 yr by instal

225,453

-

242,781

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

225,453

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

247,113

-

Lenders hold a charge over the investment property.

10.

RESERVES

Retained

Non-distributable

earnings

reserve

Totals

£

£

£

At 1 April 2025

(89,527

)

130,218

40,691

Deficit for the year

(10,981

)

(10,981

)

At 31 March 2026

(100,508

)

130,218

29,710

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £411,481 (2025 £648,719) and this is included in other creditors. The loan is interest free and is repayable on demand.

During the year the company borrowed £nil from a business under common control. At the balance sheet date £500 (2025 £500) remained outstanding. The loan is interest free, repayable on demand and is included in other creditors.