Easson Property Investments Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—6

1. General Information

Easson Property Investments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC596024 . The registered office is 25 Parkhill Place, Northmuir, Kirriemuir, Angus, DD8 4TA.

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. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover represents the total value of rental income receivable during the year.

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:

Motor Vehicles

25% reducing balance

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. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

...CONTINUED

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Easson Property Investments Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Financial Instruments - continued

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objectice evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments, regardless of significance and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be reuired to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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Easson Property Investments Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2026

2.8. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 1 March 2025	886,440
Additions	223,990

As at 28 February 2026	1,110,430

Depreciation
As at 1 March 2025	4,601
Provided during the period	275

As at 28 February 2026	4,876

Net Book Value
As at 28 February 2026	1,105,554

As at 1 March 2025	881,839

Cost or valuation as at 28 February 2026 represented by:

	Investment Properties	Motor Vehicles	Total
	£	£	£
At cost	974,356	5,700	980,056
At valuation	130,374	-	130,374

	1,104,730	5,700	1,110,430

The investment properties have been valued at 28 February 2026 on a fair value basis by the directors based on their knowledge of the market. If the properties had been sold at fair value at the balance sheet date, corporation tax of £32,594 would have been payable. This amount has been provided for as deferred taxation.

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Easson Property Investments Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2026

5. Creditors: amounts falling due after five years

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2026		2025
	£		£
Bank loans	298,535		204,785

6. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured. The loans are secured over the investment properties to which they relate.

	2026		2025
	£		£
Bank loans and overdrafts	298,535		204,785

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

Included in creditors due within one year is a loan advanced from Easson Control And Automation Services Ltd, a company which is owned by the director David Easson. The balance on this loan at 28 February 2026 is £97,395 (2025 - £97,114).

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,105,554		881,839

			1,105,554		881,839
CURRENT ASSETS
Debtors		843		1,132
Cash at bank and in hand		66,855		753

		67,698		1,885
Creditors: Amounts Falling Due Within One Year		(587,634 )		(404,671 )

NET CURRENT ASSETS (LIABILITIES)			(519,936 )		(402,786 )

TOTAL ASSETS LESS CURRENT LIABILITIES			585,618		479,053

Creditors: Amounts Falling Due After More Than One Year	5		(298,535 )		(204,785 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(32,803 )		(31,796 )

NET ASSETS			254,280		242,472

CAPITAL AND RESERVES
Called up share capital	7		100		100
Other reserves			130,374		130,374
Profit and Loss Account			123,806		111,998

SHAREHOLDERS' FUNDS			254,280		242,472

Mr David Easson Director	Mrs Aleksandra Easson Director
15 October 2026