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Registered number: SC213703
Albamuir Limited
Financial Statements
For The Year Ended 31 May 2026
bk plus Limited
161 Albert Street
Dundee
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC213703
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,698,411 3,831,981
Investment Properties 5 3,656,000 3,656,000
7,354,411 7,487,981
CURRENT ASSETS
Debtors 6 316,618 427,222
Cash at bank and in hand 279,189 80,816
595,807 508,038
Creditors: Amounts Falling Due Within One Year 7 (1,383,140 ) (1,433,710 )
NET CURRENT ASSETS (LIABILITIES) (787,333 ) (925,672 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,567,078 6,562,309
Creditors: Amounts Falling Due After More Than One Year 8 (824,158 ) (1,250,931 )
NET ASSETS 5,742,920 5,311,378
CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 12 1,705,620 1,705,620
Profit and Loss Account 4,037,298 3,605,756
SHAREHOLDERS' FUNDS 5,742,920 5,311,378
Page 1
Page 2
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William Watson
Director
10th September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Albamuir Limited is a private company, limited by shares, incorporated in Scotland, registered number SC213703 . The registered office is Ballindarg House, Ballindarg, Forfar, Angus, DD8 1QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Varying rates on cost
Fixtures & Fittings 15% on reducing balance basis
Solar Farm 35 years straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Taxation
Taxation represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Solar Farm Total
£ £ £ £
Cost or Valuation
As at 1 June 2025 1,103,291 4,980 3,549,153 4,657,424
Additions 20,000 - - 20,000
As at 31 May 2026 1,123,291 4,980 3,549,153 4,677,424
Depreciation
As at 1 June 2025 619,406 3,229 202,808 825,443
Provided during the period 51,905 261 101,404 153,570
As at 31 May 2026 671,311 3,490 304,212 979,013
Net Book Value
As at 31 May 2026 451,980 1,490 3,244,941 3,698,411
As at 1 June 2025 483,885 1,751 3,346,345 3,831,981
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Solar Farm 1,980,000 2,041,875
5. Investment Property
2026
£
Fair Value
As at 1 June 2025 and 31 May 2026 3,656,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2026 2025
£ £
Cost 1,950,380 1,950,380
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The investment properties were valued on a fair value basis by the director Mr William Watson on 4th March 2026.
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 266,618 344,205
Other debtors 50,000 83,017
316,618 427,222
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 389,811 389,812
Trade creditors 704 2,512
Bank loans and overdrafts 36,354 53,028
Other creditors 926,019 971,805
Taxation and social security 30,252 16,553
1,383,140 1,433,710
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 215,449 605,262
Bank loans 608,709 645,669
824,158 1,250,931
9. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 605,260 995,073
Bank loans and overdrafts 645,063 698,697
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10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 389,811 389,812
Later than one year and not later than five years 215,449 605,262
605,260 995,074
605,260 995,074
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
12. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 June 2025 1,705,620 3,605,756
Profit for the year and total comprehensive income - 431,542
As at 31 May 2026 1,705,620 4,037,298
Page 6