REGISTERED NUMBER: 15357560 (England and Wales)

Balvernie Holdings Limited

Unaudited Financial Statements

for the Year Ended 31st May 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S E Williams

S H Williams

B H Williams

REGISTERED OFFICE:

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

REGISTERED NUMBER:

15357560 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Tangible assets

4

204,520

-

Investments

5

6,746,485

5,003,466

Investment property

6

942,152

-

7,893,157

5,003,466

CURRENT ASSETS

Debtors

7

217,466

6,134

Cash at bank

1,404,226

3,593,469

1,621,692

3,599,603

CREDITORS

Amounts falling due within one year

8

51,705

94,847

NET CURRENT ASSETS

1,569,987

3,504,756

TOTAL ASSETS LESS CURRENT LIABILITIES

9,463,144

8,508,222

CREDITORS

Amounts falling due after more than one year

9

(8,200,100

)

(8,000,000

)

PROVISIONS FOR LIABILITIES

(208,232

)

(58,113

)

NET ASSETS

1,054,812

450,109

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

1,054,412

449,709

1,054,812

450,109

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 23rd September 2026 and were signed on its behalf by:

S H Williams - Director

1.	STATUTORY INFORMATION

Balvernie Holdings Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

Additions

204,520

At 31st May 2026

204,520

NET BOOK VALUE

At 31st May 2026

204,520

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st June 2025

5,003,466

Additions

3,478,992

Disposals

(2,336,198

)

Revaluations

600,225

At 31st May 2026

6,746,485

NET BOOK VALUE

At 31st May 2026

6,746,485

At 31st May 2025

5,003,466

Cost or valuation at 31st May 2026 is represented by:

Other

investments

£

Valuation in 2025

232,705

Valuation in 2026

600,224

Cost

5,913,556

6,746,485

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

5,913,556

4,771,014

Fixed asset investments were valued on an open market basis on 31st May 2026 by Barclays Bank Plc .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

942,152

At 31st May 2026

942,152

NET BOOK VALUE

At 31st May 2026

942,152

7.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

10,164

-

Other debtors

1,713

400

Prepayments

3,019

237

Accrued income

2,570

5,497

17,466

6,134

Amounts falling due after more than one year:

Other debtors

200,000

-

Aggregate amounts

217,466

6,134

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

35,736

79,547

Accrued expenses

15,969

15,300

51,705

94,847

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Shareholder loan

4,000,000

-

Directors' loan accounts

4,200,100

8,000,000

8,200,100

8,000,000

Loan notes totalling £8,200,100 have been issued to the directors and shareholders and are interest free and repayable in April 2044.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Shareholder Loan

4,000,000

-

Directors Loan Account

4,200,100

8,000,000

8,200,100

8,000,000

The director and shareholder loans are subject to a fixed and floating charge over the property and undertaking of the company.