LICKPENNY PROPERTIES LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC100221

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		160,000		419,627
Investments	5		14,310		-

			174,310		419,627
CURRENT ASSETS
Debtors	6	-		2,966
Cash at bank and in hand		23,822		4,574

		23,822		7,540
Creditors: Amounts Falling Due Within One Year	7	(8,068 )		(80,869 )

NET CURRENT ASSETS (LIABILITIES)			15,754		(73,329 )

TOTAL ASSETS LESS CURRENT LIABILITIES			190,064		346,298

NET ASSETS			190,064		346,298

CAPITAL AND RESERVES
Called up share capital	8		3,000		3,000
Revaluation reserve	9		104,217		188,433
Profit and Loss Account			82,847		154,865

SHAREHOLDERS' FUNDS			190,064		346,298

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LICKPENNY PROPERTIES LIMITED

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

John Grayburn

Director

28 October 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

LICKPENNY PROPERTIES LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC100221 . The registered office is 4 Alexandra Place, Stirling, FK8 1UN.

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 sale of goods and from the rendering of services.

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:

Freehold

2.4. Taxation

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

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

4. Tangible Assets

	Land & Buildings
	£
Cost
As at 1 April 2025	419,627
Disposals	(259,627 )

As at 31 March 2026	160,000

Net Book Value
As at 31 March 2026	160,000

As at 1 April 2025	419,627

No depreciation is provided on the properties since the directors are of the opinion that the balance sheet figure is no less than the current market value of the properties.

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LICKPENNY PROPERTIES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2025	-
Additions	139,486
Disposals	(125,176 )

As at 31 March 2026	14,310

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	14,310

As at 1 April 2025	-

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	-	2,966

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	8,068	80,869

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	3,000	3,000

9. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2025	188,433	154,865
Loss for the year and total comprehensive income	-	(13,234 )

Dividends paid	-	(143,000)
Transfer from revaluation reserve	-	84,216
Transfer to/from Profit & Loss Account	(84,216 )	-

As at 31 March 2026	104,217	82,847

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