REGISTERED NUMBER: SC679242 (Scotland)

Financial Statements for the Year Ended 28 February 2026

for

Asset Project Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W Ure

Mrs J E Ure

REGISTERED OFFICE:

14 Guthrie Crescent

Larbert

FK5 4GE

REGISTERED NUMBER:

SC679242 (Scotland)

FIXED ASSETS

Investment property

4

613,008

613,008

CURRENT ASSETS

Debtors

5

20,000

-

Cash at bank

19,444

42,708

39,444

42,708

CREDITORS

Amounts falling due within one year

6

135,087

154,052

NET CURRENT LIABILITIES

(95,643

)

(111,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

517,365

501,664

CREDITORS

Amounts falling due after more than one year

7

415,287

419,878

NET ASSETS

102,078

81,786

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

25,282

25,282

Retained earnings

10

76,696

56,404

SHAREHOLDERS' FUNDS

102,078

81,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 19 October 2026 and were signed on its behalf by:

D W Ure - Director

1.	STATUTORY INFORMATION

Asset Project Investments 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.

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 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

and 28 February 2026

613,008

NET BOOK VALUE

At 28 February 2026

613,008

At 28 February 2025

613,008

Fair value at 28 February 2026 is represented by:

£

Valuation in 2022

25,282

Cost

587,726

613,008

If investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

587,726

587,726

Investment properties were valued on an open market basis on 14 March 2022 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by associates

20,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,473

3,473

Tax

9,282

9,923

Directors' current accounts

121,008

139,508

Accrued expenses

1,324

1,148

135,087

154,052

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

3,473

3,473

Bank loans - 2-5 years

10,420

10,420

Bank loans more 5 yr by instal

401,394

405,985

415,287

419,878

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

401,394

405,985

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

418,760

423,351

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 March 2025

56,404

25,282

81,686

Profit for the year

36,792

36,792

Dividends

(16,500

)

(16,500

)

At 28 February 2026

76,696

25,282

101,978