REGISTERED NUMBER: SC588042 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

TLC PROPERTY RENTALS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs T A Hoy

M J Hoy

REGISTERED OFFICE:

9 Kirkandrews Place

Airdrie

ML6 8GS

REGISTERED NUMBER:

SC588042 (Scotland)

FIXED ASSETS

Tangible assets

3

378,837

380,209

CURRENT ASSETS

Debtors

4

575

575

Cash at bank

2,679

-

3,254

575

CREDITORS

Amounts falling due within one year

5

28,690

23,009

NET CURRENT LIABILITIES

(25,436

)

(22,434

)

TOTAL ASSETS LESS CURRENT LIABILITIES

353,401

357,775

CREDITORS

Amounts falling due after more than one year

6

339,875

340,289

NET ASSETS

13,526

17,486

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

13,524

17,484

SHAREHOLDERS' FUNDS

13,526

17,486

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2026 and were signed on its behalf by:

M J Hoy - Director

1.	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.

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 2 ).

3.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

and 28 February 2026

386,939

16,097

1,048

404,084

DEPRECIATION

At 1 March 2025

12,939

10,870

66

23,875

Charge for year

-

1,307

65

1,372

At 28 February 2026

12,939

12,177

131

25,247

NET BOOK VALUE

At 28 February 2026

374,000

3,920

917

378,837

At 28 February 2025

374,000

5,227

982

380,209

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

575

575

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 7)

390

1,927

Tax

-

1,214

Directors' current accounts

27,110

18,960

Accrued expenses

1,190

908

28,690

23,009

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 7)

339,875

340,289

7.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

753

Bank loans

390

1,174

390

1,927

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

414

Amounts falling due between two and five years:

Bank loans - 2-5 years

339,875

339,875

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary Shares

1

2

2