REGISTERED NUMBER: SC553921 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

New Age Developers Rentals Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Beydoun

Dr K A Fawaz

H Fawaz

A Fawaz

REGISTERED OFFICE:

4A Glenfinlas Street

Edinburgh

EH3 6AQ

REGISTERED NUMBER:

SC553921 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

SOLICITORS:

ACH Shoosmiths

2nd Floor North

Saltire Court

20 Castle Terrace

Edinburgh

EH1 2EN

FIXED ASSETS

Tangible assets

4

1,556

619

Investment property

5

2,960,000

2,960,000

2,961,556

2,960,619

CURRENT ASSETS

Debtors

6

71,175

61,695

Cash at bank

15,836

16,607

87,011

78,302

CREDITORS

Amounts falling due within one year

7

15,232

21,303

NET CURRENT ASSETS

71,779

56,999

TOTAL ASSETS LESS CURRENT LIABILITIES

3,033,335

3,017,618

CREDITORS

Amounts falling due after more than one year

8

(2,203,490

)

(2,237,664

)

PROVISIONS FOR LIABILITIES

(90,234

)

(90,234

)

NET ASSETS

739,611

689,720

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

270,701

270,701

Retained earnings

468,908

419,017

739,611

689,720

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 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 28 August 2026 and were signed on its behalf by:

Dr K A Fawaz - Director

1.	STATUTORY INFORMATION

New Age Developers Rentals 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.

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

-

20% on cost

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.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties.

Debt instruments, including loans and other accounts receivable and payable are initially measured at

transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the

undiscounted amount of the cash or other consideration expected to be paid.

Debtors payable within one year, typically trade receivables, are measured initially and subsequently at the

undiscounted amount of the cash or other consideration expected to be received.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

57,950

Additions

1,315

At 30 November 2025

59,265

DEPRECIATION

At 1 December 2024

57,331

Charge for year

378

At 30 November 2025

57,709

NET BOOK VALUE

At 30 November 2025

1,556

At 30 November 2024

619

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

2,960,000

NET BOOK VALUE

At 30 November 2025

2,960,000

At 30 November 2024

2,960,000

The directors responsible for the assessment of the property value do not hold any relevant professional

qualifications in respect of property valuations, but have significant experience of owning and operating properties of this type and are therefore well placed to make a fair value assessment. Investment property was valued by the directors at 30 November 2025 and is not considered to be materially different from market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other debtors

71,175

61,695

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

173

173

Taxation and social security

12,535

17,685

Other creditors

2,524

3,445

15,232

21,303

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Other creditors

2,203,490

2,237,664

9.

RESERVES

Fair

value

reserve

£

At 1 December 2024

and 30 November 2025

270,701

10.	RELATED PARTY DISCLOSURES

30.11.25

30.11.24

£

£

Amounts owed by related parties

67,468

59,468

Amounts owed to related parties

223

223

Amounts owed to key management personnel

2,203,490

2,237,664

During the year the company repaid £34,174 (2024: £10,000) of amounts due to key management personnel. No interest is being charged on the outstanding balance.