REGISTERED NUMBER: 13394352 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Alltmore Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K R Mackay

REGISTERED OFFICE:

M.01 Tomorrow

Blue

Media City UK

Salford

M50 2AB

REGISTERED NUMBER:

13394352 (England and Wales)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

FIXED ASSETS

Tangible assets

4

855

-

Investment property

5

9,515,000

19,015,000

9,515,855

19,015,000

CURRENT ASSETS

Debtors

5,608,621

2,515,100

Cash at bank

3,815

13,349

5,612,436

2,528,449

CREDITORS

Amounts falling due within one year

3,576,078

4,362,797

NET CURRENT ASSETS/(LIABILITIES)

2,036,358

(1,834,348

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,552,213

17,180,652

CREDITORS

Amounts falling due after more than one year

14,331,453

20,048,453

NET LIABILITIES

(2,779,240

)

(2,867,801

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,779,340

)

(2,867,901

)

(2,779,240

)

(2,867,801

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2026 and were signed by:

K R Mackay - Director

1.	STATUTORY INFORMATION

Alltmore Properties Limited is a private company, limited by shares , registered in England and Wales. 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

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

Although the balance sheet is in deficit at both 31st October 2024 and 2023, the director considers it appropriate to prepare these accounts on the going concern basis. The director and management of the company have prepared cash flow forecasts extending to July 2026 which show that the company will be able to meet its commitments as they fall due, either by way of funds generated by trading activities or from loans provided by the parent company.

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.

Plant and machinery etc

-

15% on reducing balance

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.

Currency

The financial statements are prepared in sterling, which if the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,006

At 31 October 2025

1,006

DEPRECIATION

Charge for year

151

At 31 October 2025

151

NET BOOK VALUE

At 31 October 2025

855

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

19,015,000

Disposals

(9,525,000

)

Revaluations

275,000

Impairments

(250,000

)

At 31 October 2025

9,515,000

NET BOOK VALUE

At 31 October 2025

9,515,000

At 31 October 2024

19,015,000

Investment properties are accounted for in accordance with Financial Reporting Standard 102. No depreciation is provided in respect of such properties.

Investment properties were valued on 28 August 2025 by VAS Panel Group property consultants at market value. The director considers this to be an accurate valuation at 31 October 2025. If the investments had not been revalued they would have been carried in the balance sheet at its historic cost of £10,860,000.

Fair value at 31 October 2025 is represented by:

£

Valuation in 2022

(40,000

)

Valuation in 2023

(780,000

)

Valuation in 2024

(525,000

)

Cost

10,860,000

9,515,000

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

6,392,773

13,260,657

The bank loan is secured by a bond and floating charge over the whole assets of the company and a fixed charge over the assignation of the rents of the assets. The facility is repayable in full by 15 July 2026.

Hire purchase and finance leases are secured over the assets to which they relate.

7.	RELATED PARTY DISCLOSURES

The disclosures as given in the financial statements are as follows:

At 31 October 2025, Alltmore Asset Management Limited, a company owned by director K R Mackay, was owed by the company £1,286,142,467 (2024 - £893,467). During the period, the company received income of £2,194,894 (2024 - £2,166,140), made net transfers of £1,802,219 (2024 - £2,006,145) and purchases of £Nil (2024 - £Nil) with Alltmore Asset Management Limited.

At 31 October 2025, Alltmore Limited, a company owned by director K R Mackay, was owed by the company £34,664 (2024 - £34,268). During the period, the company received income of £Nil (2024 - £Nil), made net transfers of £17 (2024 - £91) and made purchases of £4,609 (2024 - £5,178) with Alltmore Limited.

At 31 October 2025, Mackay Properties Limited, a company in which K R Mackay is a director, owed the company £2,566,259 (2024 - £2,174,459). During the period, the company received income of £Nil (2024 - £1,140), made net transfers of £388,944 (2024 - £273,838) and made purchases of £3,348 (2024 - £4,144) with Mackay Properties Limited.

At 31 October 2025, Mackay Investments Limited, a company in which K R MacKay is a director, owed the company £452,298 (2024 - £303,059). During the period, the company made net purchases of £149,240 (2024 - £163,855) with Mackay Investments Limited.

At 31 October 2025, Island Road Holdings Limited, a company in which K R MacKay is a director, owed the company £1,446,000 (2024 - £Nil). During the period, the company made net transfers of £1,446,000 (2024 - £Nil) with Island Road Holdings Limited.

At 31 October 2025, Island Road Properties Limited, a company in which K R MacKay is a director, owed the company £1,145,441 (2024 - £Nil). During the period, the company made net transfers of £1,145,441 (2024 - £Nil) with Island Road Properties Limited.

At 31 October 2025, the company owed Alltmore Property LLP in which K R Mackay is a director of equity members £8,034,932 (2024 - £8,034,932). During the period, the company received £Nil (2024 - £Nil) and made payments of £Nil (2024 - £Nil) to Alltmore Property LLP.

Ultimate Parent Company

The ultimate parent company is Bells Road Holdings Limited.

Ultimate Controlling Party

The company is considered to be under the control of director K R Mackay and Mrs I M Mackay, who own 100% of the ultimate parent company Bells Road Holdings Limited.