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REGISTERED NUMBER: SC628382 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Gladsmuir Solutions Limited |

Gladsmuir Solutions Limited (Registered number: SC628382)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Gladsmuir Solutions Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | C Veitch

| REGISTERED OFFICE: | Strawberry Wood

| East Saltoun

| Pencaitland, East Lothian

| EH34 5DY

| REGISTERED NUMBER: | SC628382 (Scotland)

Gladsmuir Solutions Limited (Registered number: SC628382)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 2,873,240 |  | 2,841,071 |  |

CURRENT ASSETS

Cash at bank and in hand | 224 |  | 2 |  |

CREDITORS

Amounts falling due within one year | 5 | 164,334 |  | 399,353 |  |

NET CURRENT LIABILITIES | (164,110 | ) | (399,351 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,709,130 |  | 2,441,720 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 2,278,570 |  | 2,086,804 |  |

NET ASSETS | 430,560 |  | 354,916 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 430,559 |  | 354,915 |  |

SHAREHOLDERS' FUNDS | 430,560 |  | 354,916 |  |

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

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

Gladsmuir Solutions Limited (Registered number: SC628382)

Balance Sheet - continued

31 March 2025

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 24 June 2025 and were signed by:

C Veitch - Director

Gladsmuir Solutions Limited (Registered number: SC628382)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Gladsmuir Solutions 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.

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.

| The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.G

| GOING CONCERN

| At the year end the company's current liabilities exceeded its current assets. The accounts have been prepared on the Going Concern Basis as the company will continue to receive the financial support of its director and Benchmark4 LLP of which this company is a member.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| Turnover represents the companies share of the accounting profits from a LLP in which it is a member in the accounting period.

| Financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

| 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.

Gladsmuir Solutions Limited (Registered number: SC628382)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Provision for liabilities

| Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

| Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

| Dividends

| Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Benchmark4 LLP | 2,873,240 |  | 2,841,071 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 22,574 |  | 274,087 |  |

| Taxation and social security | 32,496 |  | 16,586 |  |

| Other creditors | 109,264 |  | 108,680 |  |

164,334 |  | 399,353 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 1,268,370 |  | 964,104 |  |

| Other creditors | 1,010,200 |  | 1,122,700 |  |

2,278,570 |  | 2,086,804 |  |

Gladsmuir Solutions Limited (Registered number: SC628382)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | - |  | 931,000 |  |

| Other loans more 5yrs non-inst | 1,010,200 |  | 1,122,700 |  |

1,010,200 |  | 2,053,700 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 1,290,944 |  | 1,238,191 |  |

| Mortgages | 1,010,200 |  | 1,122,700 |  |

2,301,144 |  | 2,360,891 |  |

| The bank and other loans are secured by way of a fixed charge over properties owned by Benchmark4 LLP in which the company is a member. In addition the bank has a floating charge over the assets of the company and Benchmark4 LLP.

8. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £500 were paid to the director .

| At the balance sheet date the company owed its director £500 (2024 Nil) - the loan is interest free, repayable on demand and has been included in other creditors.