REGISTERED NUMBER: SC302332 (Scotland)

Ariel Properties Ltd

Unaudited Financial Statements

for the Year Ended 31st May 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Director:

Miss S McMorn

Secretary:

Miss S McMorn

Registered office:

11a Well Tower Park

Ayton

Berwickshire

TD14 5RR

Registered number:

SC302332 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

335

447

Investment property

5

188,233

188,233

188,568

188,680

Current assets

Debtors

6

-

170

Cash at bank

20,042

15,865

20,042

16,035

Creditors

Amounts falling due within one year

7

2,362

1,760

Net current assets

17,680

14,275

Total assets less current liabilities

206,248

202,955

Creditors

Amounts falling due after more than one year

8

(150,000

)

(150,000

)

Provisions for liabilities

(64

)

-

Net assets

56,184

52,955

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

55,184

51,955

56,184

52,955

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th August 2026 and were signed by:

Miss S McMorn - Director

1.	Statutory information

Ariel 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the property rental is recognised at the invoice date.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property

The investment properties are included in the accounts at cost. The director has considered the valuation at the year end and believes the cost value is an accurate representation.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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 set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The director has considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, she continues to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

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

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1st June 2025

and 31st May 2026

14,413

Depreciation

At 1st June 2025

13,966

Charge for year

112

At 31st May 2026

14,078

Net book value

At 31st May 2026

335

At 31st May 2025

447

5.	Investment property

Total

£

Fair value

At 1st June 2025

and 31st May 2026

188,233

Net book value

At 31st May 2026

188,233

At 31st May 2025

188,233

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Other debtors

-

170

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

144

96

Taxation and social security

524

-

Other creditors

1,694

1,664

2,362

1,760

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Other creditors

150,000

150,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

150,000

150,000

9.	Secured debts

Paragon Mortgages Limited hold legal charges over all the properties owned by the company.

10.	Related party disclosures

In the accounting period ended 31st May 2022 a loan of £250,000 was received from Fantasy Prints Group Limited, a company which is under common control. Interest is being charged on the outstanding amount using market interest rates. This is an interest only loan, however the capital was partially repaid in the previous year, therefore the amount outstanding as at 31st May 2026 is £150,000 (2025 - £150,000).