REGISTERED NUMBER: SC689776 (Scotland)

Unaudited Financial Statements

for the Period 1 March 2026 to 31 August 2026

for

Heart Homes (Ayrshire) Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

2,120,000

250,000

CURRENT ASSETS

Debtors

5

4,188

-

Cash at bank

1,947

-

6,135

-

CREDITORS

Amounts falling due within one year

6

1,397,646

249,900

NET CURRENT LIABILITIES

(1,391,511

)

(249,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

728,489

100

PROVISIONS FOR LIABILITIES

7

138,394

-

NET ASSETS

590,095

100

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

591,798

-

Retained earnings

(1,803

)

-

590,095

100

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

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

The director acknowledges his 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 director and authorised for issue on 18 September 2026 and were signed by:

Mr B J Walker-Lynch - Director

1.	STATUTORY INFORMATION

Heart Homes (Ayrshire) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC689776

Registered office:

13-15 Winton Lane

Kelvinside

Glasgow

G12 0QD

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. THese estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental of residential investment properties in the ordinary course of the company's activities.

Turnover is recognised on an accruals basis and rents are deferred or accrued where necessary,

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by either an external valuer or the director. In determining the value, observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset are used. Changes in fair value are recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.

Going concern

The director of the company is of the opinion that there are no material uncertainties related to going concern that require disclosure. In arriving at this conclusion, the director has considered the working capital requirements for at least 12 months from the date of approval of the financial statements and the company's cash flow forecasts. The company has net current liabilities of £1,391,511 and retained losses of £1,803 as a result of funds personally invested with no formal repayment terms. The director has pledged to continue to support the company and therefore the financial statements have been prepared on the going concern basis.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors and cash balances are recognised at the transaction price including transaction costs. Basic financial liabilities, which include creditors are recognised at the transaction price, unless the arrangement constitutes a financial transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for debt instruments.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2026 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2026

250,000

Additions

1,139,385

Revaluations

730,615

At 31 August 2026

2,120,000

NET BOOK VALUE

At 31 August 2026

2,120,000

At 28 February 2026

250,000

Included in fair value of investment property is freehold land of £ 1,000,000 (2026 - £ 250,000 ) which is not depreciated.

Fair value at 31 August 2026 is represented by:

£

Valuation in 2026

730,615

Cost

1,389,385

2,120,000

If land had not been revalued it would have been included at the following historical cost:

2026

2026

£

£

Cost

250,000

250,000

Land was valued on an open market basis on 29 August 2026 by McEwan Fraser Legal .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2026

£

£

Other debtors

4,188

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2026

£

£

Trade creditors

1,052

-

Taxation and social security

473

-

Other creditors

1,396,121

249,900

1,397,646

249,900

7.	PROVISIONS FOR LIABILITIES

2026

2026

£

£

Deferred tax

138,394

-

Deferred

tax

£

Charge to Income Statement during period

138,394

Balance at 31 August 2026

138,394

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director was owed £1,378,102 (2026: £249,900). This loan is interest free and there are no formal terms for repayment.