REGISTERED NUMBER: SC121388 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NOVATEXT GRAPHIX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Professor K S Graham

REGISTERED OFFICE:

5 South Charlotte Street

Edinburgh

EH2 4AN

REGISTERED NUMBER:

SC121388 (Scotland)

FIXED ASSETS

Investment property

4

700,000

700,000

CURRENT ASSETS

Debtors

5

180

3,672

Cash at bank

138,922

96,710

139,102

100,382

CREDITORS

Amounts falling due within one year

6

234,440

233,054

NET CURRENT LIABILITIES

(95,338

)

(132,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

604,662

567,328

PROVISIONS FOR LIABILITIES

8

72,000

72,000

NET ASSETS

532,662

495,328

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

348,176

348,176

Retained earnings

9

184,484

147,150

SHAREHOLDERS' FUNDS

532,662

495,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 15 September 2026 and were signed by:

Professor K S Graham - Director

1.	STATUTORY INFORMATION

Novatext Graphix 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.

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.

Turnover

Turnover represents the value of rents receivable for the year with rentals received in advance being reflected within other creditors.

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.

Basic financial instruments

Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

700,000

NET BOOK VALUE

At 31 December 2025

700,000

At 31 December 2024

700,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2013

236,836

Valuation in 2017

50,000

Valuation in 2018

50,000

Valuation in 2019

10,000

Valuation in 2021

10,000

Valuation in 2023

54,816

Cost

288,348

700,000

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

31.12.25

31.12.24

£

£

Cost

288,348

288,348

The investment property was valued on an open market basis on 31 December 2023 by Allied Surveyors Scotland .

The director does not consider that there has been any material change in the valuation of the investment property since 2023.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

3,492

Other debtors

180

180

180

3,672

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Taxation and social security

8,269

8,040

Other creditors

226,171

225,014

234,440

233,054

Included within creditors is an amount of £15,642 (2024 - £15,469) in respect of funds held within cash at bank as a rental deposit including accumulated interest.

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Loan

199,559

199,559

At both 31 December 2025 and 2024, the loan was secured by standard security over the company's premises.

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Investment property revaln gain

72,000

72,000

Deferred

tax

£

Balance at 1 January 2025

72,000

Movement on capital allowances

in advance of depreciation

Movement on provision re tax

on investment property at

valuation

Balance at 31 December 2025

72,000

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2025

147,150

348,176

495,326

Profit for the year

37,334

-

37,334

At 31 December 2025

184,484

348,176

532,660

10.	RELATED PARTY DISCLOSURES

Included within creditors are loan balances due to the director of £876 (2024 - £558) and to a family trust fund of £199,559 (2024 - £199,559). The trust fund loan is secured over the company's property, is interest free and without formal terms for repayment. The loan from the director is interest free and without formal terms for repayment.