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Registration number: SC081656

BJP Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

BJP Properties Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 9
Detailed Profit and Loss Account | 10 to 12

BJP Properties Limited

Company Information

Director | Mr BJ Porteous

Company secretary | Mrs E Porteous

Registered office Registered Number: | Lautrec 2 North Road Dunbar East Lothian EH42 1AY SC081656 (Scotland)

Accountants | Brown, Scott & Main Chartered Accountants 91 West Savile Terrace Edinburgh Lothian EH9 3DP

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
BJP Properties Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BJP Properties Limited for the year ended 31 March 2026 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance

This report is made solely to you, in accordance with the terms of our engagement. . Our work has been undertaken solely to prepare for your approval the financial information of BJP Properties Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland, as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that BJP Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BJP Properties Limited. You consider that BJP Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BJP Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Brown, Scott & Main
Chartered Accountants
91 West Savile Terrace
Edinburgh
Lothian
EH9 3DP

17 August 2026

BJP Properties Limited

(Registration number: SC081656)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 6 | 68,345 | 82,047
Investment property | 7 | 5,450,000 | 5,660,000
|  | 5,518,345 | 5,742,047
Current assets |  |  |
Debtors | 8 | 6,413 | 7,766
Cash at bank and in hand |  | 1,127,377 | 991,043
|  | 1,133,790 | 998,809
Creditors: Amounts falling due within one year | 11 | (75,084) | (110,423)
Net current assets |  | 1,058,706 | 888,386
Total assets less current liabilities |  | 6,577,051 | 6,630,433
Creditors: Amounts falling due after more than one year | 11 | (52,932) | (64,440)
Provisions for liabilities | 9 | (528,564) | (513,033)
Net assets |  | 5,995,555 | 6,052,960
Capital and reserves |  |  |
Called up share capital | 10 | 500 | 500
Non distributable reserve |  | 2,826,168 | 2,700,028
Retained earnings |  | 3,168,887 | 3,352,432
Shareholders' funds |  | 5,995,555 | 6,052,960

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 August 2026

......................................... Mr BJ Porteous Director

BJP Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Lautrec
2 North Road
Dunbar
East Lothian
EH42 1AY

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

These Financial statements have been prepared in accordance with the provisions of Section 1A “Small Entities” of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006 using the historical cost convention as modified by the revaluation of investment properties
The presentation currency is Sterling

Revenue recognition

Turnover represents the total value, excluding value added tax, of the revenue earned on rent and insurance receivable for the year. Turnover recognised in advance of the client being billed is included in debtors

Tangible assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment loss. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment 15 - 25% per annum straight line
Motor vehicles 14% per annum straight line

Investment property

Investment properties are shown at fair valuation. Any aggregate surplus or deficit arising from changes in fair value during the year is recognised in the profit or loss. This is transferred, for ease of identification, to a non distributable reserve which displays the cumulative net unrealised surplus on revaluation. This transfer and the resultant balances are shown in the statement of changes in equity on page 7.

BJP Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial instruments Issues’ of FRS 102 to all of its financial instruments and are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic Financial Assets
Basic financial assets, including debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic Financial Liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Going concern

The financial statements have been prepared on the going concern basis. The director considers this basis is appropriate as the company is supported by the increasing value of its investment properties and it continues to meet its day to day commitments from working capital as they fall due. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and remains committed to funding capital commitments from personal funds if required.

Defined contribution pension obligation

The company operates a defined contribution scheme for the company’s director and employee and pension costs charged in the financial statements represent contributions paid in the year.The assets of the scheme are held separately from those of the company in independently administered funds.

Hire purchase contracts and leases

Assets obtained under hire purchase contracts are capitalised in the balance sheet. These assets are depreciated on a straight-line basis over the useful life of the asset. The corresponding liability to the hire purchase is included in the balance sheet as a creditor.

BJP Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

3 | Staff numbers

The average number of employees during the year, was 2 (2025 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2026 £ | 2025 £
Depreciation expense | 13,702 | 13,805
Director's remuneration | 4,980 | 8,400
Director's pensions (Defined contribution) | 60,000 | 60,000

5 | Taxation

Analysis of the tax charge |  |  |
The tax charge on the profit for the year was as follows: |  |  |
| 2026 |  | 2025
| £ |  | £
Current tax: |  |  |
UK corporation tax | 43,516 |  | 82,818
Deferred tax | 15,531 |  | 46,515
| 59,047 |  | 129,333

6 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost
At 1 April 2025 | 4,356 | 94,455 | 98,811
At 31 March 2026 | 4,356 | 94,455 | 98,811
Depreciation
At 1 April 2025 | 3,504 | 13,260 | 16,764
Charge for the year | 442 | 13,260 | 13,702
At 31 March 2026 | 3,946 | 26,520 | 30,466
Carrying amount
At 31 March 2026 | 410 | 67,935 | 68,345
At 31 March 2025 | 852 | 81,195 | 82,047

The motor vehicle has been acquired on a hire purchase agreement.

BJP Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

7 | Investment properties

| 2026 £
At 1 April | 5,660,000
Disposals | (355,000)
Fair value adjustments | 145,000
At 31 March | 5,450,000

The valuation of investment property has been carried out by the director as of 31st March 2026. The historic cost of these properties is £2,676,935 (2025 - £2,891,116).

8 | Debtors

Current | 2026 £ | 2025 £
Prepayments | 5,711 | 7,064
Other debtors | 702 | 702
| 6,413 | 7,766

BJP Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

9 | Provision for Liabilities

|  |  | 2026 |  | 2025
|  |  | £ |  | £
Deferred tax |  | 528,564 |  | 513,033
|  |  |  |  | Deferred tax
|  |  |  |  | £
At | 1 April 2025 |  |  |  | 513,033
Provision during year |  |  |  | 15,531
At | 31 March 2026 |  |  |  | 528,564

10 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary Shares of £1 each | 500 | 500 | 500 | 500

11 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 12 | 11,536 | 11,536
Taxation and social security |  | 43,954 | 82,819
Accruals and deferred income |  | 19,152 | 15,610
Other creditors |  | 442 | 458
|  | 75,084 | 110,423

Creditors include net obligations under hire purchase contracts which are secured of £11,507 (2025 - £11,507).

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Finance lease liabilities and hire purchase | 12 | 52,932 | 64,440

Creditors include net obligations under hire purchase contracts which are secured of £52,932 (2025 - £64,440).

BJP Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

12 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
HP and finance lease liabilities | 52,932 | 64,440

Current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 28 | 29
HP and finance lease liabilities | 11,508 | 11,507
| 11,536 | 11,536

BJP Properties Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2026

| 2026 £ | 2025 £
Turnover | 296,740 | 302,059
Gross profit (%) | 100% | 100%
Administrative expenses |  |
Employment costs | 131,477 | 137,596
Establishment costs | 69,287 | 95,516
General administrative expenses | 11,942 | 14,793
Finance charges | 154 | 113
Depreciation costs | 13,702 | 13,805
Loss on disposal | 35,343 | (36,502)
| 261,905 | 225,321
Operating profit | 34,835 | 76,738
Gain on financial assets at fair value through profit and loss account | 145,000 | 422,000
Other interest receivable and similar income | 31,809 | 16,972
Interest payable and similar charges | (2) | -
| 176,807 | 438,972
Profit before tax | 211,642 | 515,710

BJP Properties Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2026 (continued)

| 2026 £ | 2025 £
Turnover |  |
Rental income from investment property | 296,740 | 302,059
Employment costs |  |
Wages and salaries (excluding directors) | (4,980) | (8,400)
Director's remuneration | (4,980) | (8,400)
Directors NIC (Employers) | (707) | -
Staff pensions (Defined contribution) | (60,000) | (60,000)
Director's pensions (Defined contribution) | (60,000) | (60,000)
Travelling | (810) | (796)
| (131,477) | (137,596)
Establishment costs |  |
Factoring costs | (25,817) | (26,184)
Rates | (278) | -
Light, heat and power | (2,727) | (2,325)
Insurance | (9,634) | (8,872)
Repairs and maintenance | (30,831) | (58,135)
| (69,287) | (95,516)
General administrative expenses |  |
Telephone and fax | (2,365) | (2,626)
Printing, postage and stationery | (265) | (64)
Trade subscriptions | (678) | (171)
Motor expenses | (197) | -
Motor insurance | (592) | (608)
Advertising | (540) | -
Entertainment | (520) | (1,620)
Accountancy fees | (5,202) | (4,962)
Legal and professional fees | (1,583) | (4,742)
| (11,942) | (14,793)
Finance charges |  |
Bank charges | (154) | (113)
Depreciation costs |  |
Depreciation of fixtures and fittings (owned) | (442) | (545)
Depreciation of motor vehicles (finance lease/hp) | (13,260) | (13,260)
| (13,702) | (13,805)
Other expenses |  |
(Loss)/gain from investment property | (35,343) | 36,502
Operating profit | 34,835 | 76,738
Gain/(loss) on financial assets at fair value through profit and loss account |  |
Investment properties fair value adjustments | 145,000 | 422,000

BJP Properties Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2026 (continued)

| 2026 £ | 2025 £
Other interest receivable and similar income |  |
Bank interest receivable | 31,654 | 16,857
Other interest receivable | 155 | 115
| 31,809 | 16,972
Interest payable and similar charges |  |
Other interest payable | 2 | -
Net finance income | 176,807 | 438,972
Profit before tax | 211,642 | 515,710