REGISTERED NUMBER: SC547062 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 March 2026

for

Ap Properties Scotland Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

P Howard

S Howard

Mrs A Howard

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC547062 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Investment property

4

1,369,456

1,359,456

CURRENT ASSETS

Debtors

5

157,338

212,209

Cash at bank

68,844

53,511

226,182

265,720

CREDITORS

Amounts falling due within one year

6

496,883

473,618

NET CURRENT LIABILITIES

(270,701

)

(207,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,098,755

1,151,558

CREDITORS

Amounts falling due after more than one year

7

(1,003,926

)

(1,076,709

)

PROVISIONS FOR LIABILITIES

9

(24,406

)

(19,411

)

NET ASSETS

70,423

55,438

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

202,603

197,597

Retained earnings

(132,280

)

(142,259

)

SHAREHOLDERS' FUNDS

70,423

55,438

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 8 October 2026 and were signed on its behalf by:

S Howard - Director

1.	STATUTORY INFORMATION

Ap Properties Scotland Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,359,456

Revaluations

10,000

At 31 March 2026

1,369,456

NET BOOK VALUE

At 31 March 2026

1,369,456

At 31 March 2025

1,359,456

Fair value at 31 March 2026 is represented by:

£

Valuation in 2018

10,000

Valuation in 2019

9,000

Valuation in 2020

16,000

Valuation in 2021

451,141

Valuation in 2023

4,064

Valuation in 2024

20,000

Valuation in 2025

10,000

Cost

849,251

1,369,456

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

31.3.26

31.3.25

£

£

Cost

1,142,447

1,142,447

Investment property was valued on a fair value basis on 31 March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

157,338

212,209

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

496,883

473,618

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

1,003,926

1,076,709

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Mortgages

894,604

827,139

Shawbrook Bank Limited hold the following securities:

1. 2/2 15 Kemp Street, Hamilton, ML3 6QL

Paragon Bank PLC hold the following securities:

1. 27 Argyll Place, Kilsyth, Glasgow

2. 18 Bankier Terrace, Banknock, Bonnybride

3. 89 James Street, G40 1BZ

Paratus AMC Limited hold the following securities:

1. 19 Dryburgh Avenue, Denny, FK6 6AG

Aldermore Bank hold the following securities:

1. 42 Culmuir View, G65 9HG

2. 43 Macdonald Street, Twechar

3. 34 Livingstone Place, ML6 9LG

4.36 Livingstone Place, ML6 9LG

5. 41 Eversley Street, G32 8HS

6. 125 Burnside Crescent, G72 0LE

7. 120 Glen Sannox Drive, G68 0GB

HK Property Pension Scheme holds the following securities:

1. 48 Prncess Gate, G73 1LS

2. 39 Carrick Road, G67 2SE

Charter Court Financial holds the following security:

1- 348 Westmuir Street, G31 5BU

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

24,406

19,411

Deferred

tax

£

Balance at 1 April 2025

19,411

Provided during year

4,995

Balance at 31 March 2026

24,406

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

197,597

Transfer to fair value reserve

10,001

Deferred tax

(4,995

)

At 31 March 2026

202,603

11.	RELATED PARTY DISCLOSURES

As at 31/03/2026 the company owed Stuart Howard £356,464 as a Director's Loan.

As at 31/03/2026 the company owed Philip Howard £138,500 as a Director's Loan.

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 Ap Properties Scotland Ltd for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Ap Properties Scotland Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ap Properties Scotland Ltd and state those matters that we have agreed to state to the Board of Directors of Ap Properties Scotland Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ap Properties Scotland Ltd 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 Ap Properties Scotland Ltd. You consider that Ap Properties Scotland Ltd 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 Ap Properties Scotland Ltd. 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

8 October 2026