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REGISTERED NUMBER: SC236353 (Scotland)

| BARNELLAN EQUITY ADVICE LTD. |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |

BARNELLAN EQUITY ADVICE LTD. (REGISTERED NUMBER: SC236353)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

Page |

Company Information | 1 |

Chartered Certified Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 4 |

BARNELLAN EQUITY ADVICE LTD.

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

| DIRECTORS: | G Burns

| C Burns

| SECRETARY: | K W Russell

| REGISTERED OFFICE: | C/O Geoff Burns

| Barnellan

| Bardowie

| Milngavie

| Glasgow

| G62 6EZ

| REGISTERED NUMBER: | SC236353 (Scotland)

| ACCOUNTANTS: | russell + russell

| Chartered Certified Accountants

| 4 Royal Crescent

| Glasgow

| G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

BARNELLAN EQUITY ADVICE LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barnellan Equity Advice Ltd. for the year ended 30th September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Barnellan Equity Advice Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barnellan Equity Advice Ltd. and state those matters that we have agreed to state to the Board of Directors of Barnellan Equity Advice Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Barnellan Equity Advice Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barnellan Equity Advice Ltd.. You consider that Barnellan Equity Advice Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Barnellan Equity Advice Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

20th June 2025

BARNELLAN EQUITY ADVICE LTD. (REGISTERED NUMBER: SC236353)

BALANCE SHEET

30TH SEPTEMBER 2024

| 30.9.24 |  | 30.9.23

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 156,406 |  | 136,822 |  |

Investments | 6 | 2,022,892 |  | 1,832,462 |  |

Cash at bank | 80,821 |  | 58,726 |  |

2,260,119 |  | 2,028,010 |  |

CREDITORS

Amounts falling due within one year | 7 | 30,325 |  | 30,319 |  |

NET CURRENT ASSETS | 2,229,794 |  | 1,997,691 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,229,794 |  | 1,997,691 |  |

PROVISIONS FOR LIABILITIES | 8 | 116,385 |  | 74,913 |  |

NET ASSETS | 2,113,409 |  | 1,922,778 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,000 |  | 1,000 |  |

Retained earnings | 2,112,409 |  | 1,921,778 |  |

SHAREHOLDERS' FUNDS | 2,113,409 |  | 1,922,778 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 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 20th June 2025 and were signed on its behalf by:

G Burns - Director

BARNELLAN EQUITY ADVICE LTD. (REGISTERED NUMBER: SC236353)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Barnellan Equity Advice 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 presentation currency of the financial statements is the Pound Sterling (£).

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, with the exception of investments which are included at market value.

| Going Concern Basis

| The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources to continue to operate for the foreseeable future.

| Turnover

| The turnover shown in the profit and loss account represents fees rendered for services provided during the year and reimbursements, exclusive of value added tax.

| Tangible fixed assets

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

| Computer equipment | - | 33% straight line

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| 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.

| Pension costs and other post-retirement benefits

| The company makes employer contributions to a personal pension scheme for one of the directors. Contributions payable to this pension scheme are charged to the profit and loss account in the period to which they relate.

BARNELLAN EQUITY ADVICE LTD. (REGISTERED NUMBER: SC236353)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

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

| Current asset investments

| Current asset investments are stated at fair value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1st October 2023

| and 30th September 2024 | 2,702 |  |

| DEPRECIATION

| At 1st October 2023

| and 30th September 2024 | 2,702 |  |

| NET BOOK VALUE

| At 30th September 2024 | - |  |

| At 30th September 2023 | - |  |

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

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade debtors | 144,920 |  | 132,490 |  |

| Other debtors | 11,486 |  | 4,332 |  |

156,406 |  | 136,822 |  |

6. | CURRENT ASSET INVESTMENTS

| 30.9.24 |  | 30.9.23

£ | £ |

| Listed investments | 2,022,892 |  | 1,832,462 |  |

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

| 30.9.24 |  | 30.9.23

£ | £ |

| Taxation and social security | 19,100 |  | 8,679 |  |

| Other creditors | 11,225 |  | 21,640 |  |

30,325 |  | 30,319 |  |

BARNELLAN EQUITY ADVICE LTD. (REGISTERED NUMBER: SC236353)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

8. | PROVISIONS FOR LIABILITIES

| 30.9.24 |  | 30.9.23

£ | £ |

| Deferred tax: short term timing differences | 116,385 |  | 74,913 |  |

| Deferred |

| tax |

£ |

| Balance at 1st October 2023 | 74,913 |  |

| Movement during year | 41,472 |  |

| Balance at 30th September 2024 | 116,385 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.24 |  | 30.9.23

| value: | £ | £ |

| 525 | A Ordinary | £1 | 525 |  | 525 |  |

| 175 | B Ordinary | £1 | 175 |  | 175 |  |

| 300 | C Ordinary | £1 | 300 |  | 300 |  |

1,000 |  | 1,000 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

| 30.9.24 |  | 30.9.23

£ | £ |

| G Burns

| Balance outstanding at start of year | (16,559 | ) | (19,788 | ) |

| Amounts advanced | 53,767 |  | 51,778 |  |

| Amounts repaid | (28,680 | ) | (48,549 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 8,528 |  | (16,559 | ) |

| This amount bears no interest and was repaid post year end.

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is G Burns.