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REGISTERED NUMBER: SC118548 (Scotland)

Financial Statements for the Year Ended 31 October 2024

for

Hilton Instruments Limited

Hilton Instruments Limited (Registered number: SC118548)

Contents of the Financial Statements

for the Year Ended 31 October 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Hilton Instruments Limited

Company Information

for the Year Ended 31 October 2024

| DIRECTOR: | K Norrie

| REGISTERED OFFICE: | Howe Moss Avenue

| Kirkhill Industrial Estate

| Dyce

| Aberdeen

| AB21 0GP

| REGISTERED NUMBER: | SC118548 (Scotland)

| ACCOUNTANTS: | Tawse & Partners

| Chartered Accountants

| 18 North Silver Street

| Aberdeen

| AB10 1JU

Hilton Instruments Limited (Registered number: SC118548)

Balance Sheet

31 October 2024

| 31.10.24 | 31.10.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 69,971 |  | 44,837 |  |

69,971 |  | 44,837 |  |

CURRENT ASSETS

Stocks | 7 | 412,211 |  | 325,463 |  |

Debtors: amounts falling due within one year | 8 | 3,944,684 |  | 3,658,195 |  |

Cash at bank | 1,068,745 |  | 1,323,213 |  |

5,425,640 |  | 5,306,871 |  |

CREDITORS

Amounts falling due within one year | 9 | 840,369 |  | 838,795 |  |

NET CURRENT ASSETS | 4,585,271 |  | 4,468,076 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,655,242 |  | 4,512,913 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (5,453 | ) | (13,632 | ) |

PROVISIONS FOR LIABILITIES | (10,132 | ) | (2,438 | ) |

NET ASSETS | 4,639,657 |  | 4,496,843 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 1,000 |  | 1,000 |  |

Retained earnings | 4,638,657 |  | 4,495,843 |  |

SHAREHOLDERS' FUNDS | 4,639,657 |  | 4,496,843 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

Hilton Instruments Limited (Registered number: SC118548)

Balance Sheet - continued

31 October 2024

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 director and authorised for issue on 20 June 2025 and were signed by:

K Norrie - Director

Hilton Instruments Limited (Registered number: SC118548)

Notes to the Financial Statements

for the Year Ended 31 October 2024

1. | STATUTORY INFORMATION

| Hilton Instruments Limited 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 and rounded to the nearest £.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other members of the group.

| Turnover and other income recognition

| Turnover is measured at fair value of the consideration received or receivable net of value added tax and discounts. The policies adopted for the recognition of turnover and other income are as follows:

| Sales of goods

| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from services rendered is recognised by reference to the stage of completion at the Statement of Financial Position date. Stage of completion is measured by reference to contractual rates of labour hours for services rendered and direct expenses incurred.

| When the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| Management charges

| Management fees are recognised on an monthly basis, once the management services for the month have been provided.

| Interest receivable

| Interest receivable is recognised using the effective interest method.

| Goodwill

| Goodwill, arising from the transfer of the subsidiary's trade and net assets, has been fully amortised.

Hilton Instruments Limited (Registered number: SC118548)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Tenants improvements |  | - |  | Over 15 years straight line |  |

| Plant, fittings & equipment |  | - |  | 6% to 25% straight line |  |

| Motor vehicles |  | - |  | 25% straight line |  |

| Tangible fixed assets are stated at deemed cost less accumulated depreciation and accumulated impairment.

| Stocks

| Stock are valued at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its current location and condition. Provision is made for damaged, obsolete and slow moving stock where appropriate.

| Financial instruments

| The company has elected to apply provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an option to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Hilton Instruments Limited (Registered number: SC118548)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

3. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable withing one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in other administrative expenses.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each Balance Sheet date. If such indications exist, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the Income Statement, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 28 (2023 - 28 ) .

Hilton Instruments Limited (Registered number: SC118548)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 November 2023

| and 31 October 2024 | 1 |  |

| AMORTISATION

| At 1 November 2023

| and 31 October 2024 | 1 |  |

| NET BOOK VALUE

| At 31 October 2024 | - |  |

| At 31 October 2023 | - |  |

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 November 2023 | 176,689 |  |

| Additions | 39,038 |  |

| Disposals | (33,535 | ) |

| At 31 October 2024 | 182,192 |  |

| DEPRECIATION

| At 1 November 2023 | 131,852 |  |

| Charge for year | 13,904 |  |

| Eliminated on disposal | (33,535 | ) |

| At 31 October 2024 | 112,221 |  |

| NET BOOK VALUE

| At 31 October 2024 | 69,971 |  |

| At 31 October 2023 | 44,837 |  |

7. | STOCKS

| 31.10.24 |  | 31.10.23

£ | £ |

| Stocks | 412,211 |  | 325,463 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Trade debtors | 1,920,367 |  | 1,507,138 |  |

| Amounts owed by group undertakings | 1,929,456 |  | 2,083,456 |  |

| Other debtors | 94,861 |  | 67,601 |  |

3,944,684 |  | 3,658,195 |  |

Hilton Instruments Limited (Registered number: SC118548)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Hire purchase contracts | 8,179 |  | 8,179 |  |

| Trade creditors | 685,058 |  | 632,082 |  |

| Taxation and social security | 74,303 |  | 123,395 |  |

| Other creditors | 72,829 |  | 75,139 |  |

840,369 |  | 838,795 |  |

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Hire purchase contracts | 5,453 |  | 13,632 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.10.24 |  | 31.10.23

£ | £ |

| Hire purchase contracts | 13,632 |  | 21,811 |  |

| The hire purchase balances are secured over the assets to which they relate.

12. | FINANCIAL INSTRUMENTS

|  | 31.10.23 |  |  | 31.10.23 |  |

|  | £ |  |  | £ |  |

| Carrying amount of financial assets |  |

| Debt instruments measured at amortised cost |  |  | 4,970,389 |  |  | 4,956,621 |  |

| Carrying amount of financial liabilities |  |

| Credit instruments measured at amortised cost |  |  | 771,518 |  |  | 729,032 |  |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.24 |  | 31.10.23

| value: | £ | £ |

| 1,000 | Ordinary shares | £1.00 | 1,000 |  | 1,000 |  |

14. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £51,489 (2023 - £29,240).

15. | ULTIMATE HOLDING COMPANY

| The ultimate holding company is Culsalmond Property & Investment Company Limited.