Edinburgh and Newcastle Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC130322 (Scotland)

Edinburgh & Newcastle

Properties Limited

Unaudited Financial Statements

For The Year Ended 31 March 2026

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M J W Wooding

Mrs A L Balch

Miss J M Wooding

SECRETARY:

Mrs J M Idriss

REGISTERED OFFICE:

c/o Morton Fraser Macroberts LLP

9 Haymarket Square

Edinburgh

EH3 8RY

REGISTERED NUMBER:

SC130322 (Scotland)

ACCOUNTANTS:

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edinburgh & Newcastle Properties Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet and the related notes 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Edinburgh & Newcastle Properties Limited, as a body, in accordance with the terms of our engagement letter dated 25 March 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Edinburgh & Newcastle Properties Limited and state those matters that we have agreed to state to the Board of Directors of Edinburgh & Newcastle Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edinburgh & Newcastle Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Edinburgh & Newcastle Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edinburgh & Newcastle Properties Limited. You consider that Edinburgh & Newcastle 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 financial statements of Edinburgh & Newcastle 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 financial statements.

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

7 September 2026

FIXED ASSETS

Tangible assets

4

86,910

89,317

Investment property

5

2,228,763

2,121,512

2,315,673

2,210,829

CURRENT ASSETS

Stocks

1,800,128

Debtors

6

97,155

70,325

Investments

7

5,161

617

Cash at bank and in hand

252,885

269,169

2,155,329

2,140,239

CREDITORS

Amounts falling due within one year

8

368,993

454,621

NET CURRENT ASSETS

1,786,336

1,685,618

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,102,009

3,896,447

CREDITORS

Amounts falling due after more than one
year

9

(62,127

)

(145,991

)

PROVISIONS FOR LIABILITIES

(110,642

)

(109,605

)

NET ASSETS

3,929,240

3,640,851

CAPITAL AND RESERVES

Called up share capital

11

Revaluation Reserve

77,957

Retained earnings

3,851,272

3,562,883

SHAREHOLDERS' FUNDS

3,929,240

3,640,851

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 7 September 2026 and were signed on its behalf by:

Mrs A L Balch - Director

M J W Wooding - Director

1.	STATUTORY INFORMATION

Edinburgh & Newcastle Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents income from property sales and rents receivable in respect of stock properties owned by the company.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance and 10% on reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2025

100,373

43,138

143,511

Additions

-

1,603

At 31 March 2026

100,373

44,741

145,114

DEPRECIATION

At 1 April 2025

22,073

32,121

54,194

Charge for year

2,008

2,002

4,010

At 31 March 2026

24,081

34,123

58,204

NET BOOK VALUE

At 31 March 2026

76,292

10,618

86,910

At 31 March 2025

78,300

11,017

89,317

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,121,512

Additions

107,251

At 31 March 2026

2,228,763

NET BOOK VALUE

At 31 March 2026

2,228,763

At 31 March 2025

2,121,512

Fair value at 31 March 2026 is represented by:

£

Valuation in 2017

236,216

Valuation in 2018

179,337

Valuation in 2022

(242,081

)

Cost

2,055,291

2,228,763

If investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

2,008,362

1,904,029

Investment property was valued on an open market basis on 31 March 2022 by independent chartered surveyors .

The investment properties situation in Scotland were valued by AB Robb Limited, Chartered Surveyors. The investment properties situated in England were valued by Richardson & Smith, Chartered Surveyors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

25,177

26,765

Other debtors

71,978

43,560

97,155

70,325

7.	CURRENT ASSET INVESTMENTS

2026

2025

£

Investments

5,161

617

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

81,360

120,064

Trade creditors

60,781

53,417

Taxation and social security

101,163

99,023

Other creditors

125,689

182,117

368,993

454,621

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

62,127

145,991

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

143,487

266,055

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

M J W Wooding

Balance outstanding at start of year

303

58

Amounts advanced

10,000

303

Amounts repaid

(303

)

(58

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

10,000

303

Miss J M Wooding

Balance outstanding at start of year

-

Amounts advanced

7,704

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

7,704

-

Mrs A L Balch

Balance outstanding at start of year

-

Amounts advanced

7,704

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

7,704

-

In addition, at 31 March 2026 there was £51 (2025 - NIL) due from Wooding Family Properties. This balance is included within Other Debtors.

Wooding Family Properties is a partnership between M J W Wooding, Miss J M Wooding, Mrs J Idriss, and Mrs A L Balch.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by M J W Wooding, Miss H C Lewis, Mrs A L Balch and Miss L J Wooding, the trustees of J W Wooding Will Trust. The beneficiaries of the J W Wooding Will Trust are M J W Wooding, Mrs J M Idriss, Mrs A L Balch, Miss J M Wooding, P Garrett and Miss I L Garrett.