REGISTERED NUMBER: SC736544 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

BTR EDINBURGH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Mackay

D C Mackay

REGISTERED OFFICE:

1 Livingstone Street

Addiewell

West Lothian

United Kingdom

EH55 8FW

REGISTERED NUMBER:

SC736544 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

SOLICITORS:

Lindsays LLP

Caledonian Exchange

19a Canning Street

Edinburgh

EH3 8HE

FIXED ASSETS

Investments

4

2,010,002

2,010,004

Investment property

5

1,750,000

1,250,000

3,760,002

3,260,004

CURRENT ASSETS

Debtors

6

231,283

489,989

Cash at bank

4,381,759

4,613,053

4,613,042

5,103,042

CREDITORS

Amounts falling due within one year

7

3,456,098

5,268,814

NET CURRENT ASSETS/(LIABILITIES)

1,156,944

(165,772

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,916,946

3,094,232

PROVISIONS FOR LIABILITIES

211,250

143,750

NET ASSETS

4,705,696

2,950,482

CAPITAL AND RESERVES

Called up share capital

5

5

Share premium

1,000,000

1,000,000

Revaluation reserve

8

633,750

-

Retained earnings

3,071,941

1,950,477

4,705,696

2,950,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 28 October 2026 and were signed on its behalf by:

A R Mackay - Director

D C Mackay - Director

1.	STATUTORY INFORMATION

BTR Edinburgh 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

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 material 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.	FIXED ASSET INVESTMENTS

Loans to

associates

£

At 1 February 2025

2,010,004

Other movement

(2

)

At 31 January 2026

2,010,002

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

1,250,000

Revaluations

500,000

At 31 January 2026

1,750,000

NET BOOK VALUE

At 31 January 2026

1,750,000

At 31 January 2025

1,250,000

In the opinion of the directors, the current fair value of the company's investment property is £1,750,000 (2025: £1,250,000). The directors' opinion has been arrived at after reviewing transactions in the location and category of the investment property being valued.

Fair value at 31 January 2026 is represented by:

£

Valuation in 2024

345,000

Valuation in 2026

500,000

Cost

905,000

1,750,000

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

2026

2025

£

£

Cost

905,000

905,000

Investment properties were valued on a fair value basis on 31 January 2026 by the Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

231,283

489,989

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

900

-

Taxation and social security

34,804

547,379

Other creditors

3,420,394

4,721,435

3,456,098

5,268,814

Included under other creditors are non-convertible loan notes of £1,000,000 (2025: £1,000,000). The loan notes are repayable on request from the holder, on windup of the company or on the 10th anniversary of the date the instrument was issued. Interest accrues on the loan notes daily and is due annually. The annual interest rate is BOE base rate + 3%.

8.

RESERVES

Revaluation

reserve

£

Revaluation

633,750

At 31 January 2026

633,750

9.	RELATED PARTY DISCLOSURES

Included in Other creditors at 31 January 2026 is a loan due from a company under common control amounting to £2,234,356 (2025: £3,614,356). The loan is unsecured, interest free and repayable on demand.