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REGISTERED NUMBER: SC532013 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

DENNY ENGRAVING LTD

DENNY ENGRAVING LTD (REGISTERED NUMBER: SC532013)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

DENNY ENGRAVING LTD

COMPANY INFORMATION

for the Year Ended 30 April 2025

| DIRECTORS: | R A Marshall

| Mrs J Marshall

| REGISTERED OFFICE: | 9 Glasgow Road

| Paisley

| PA1 3QS

| REGISTERED NUMBER: | SC532013 (Scotland)

| ACCOUNTANTS: | John M Taylor & Co

| Chartered Accountants

| 9 Glasgow Road

| PAISLEY

| Renfrewshire

| PA1 3QS

DENNY ENGRAVING LTD (REGISTERED NUMBER: SC532013)

BALANCE SHEET

30 April 2025

30.4.24 |  | 30.4.25 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

5,004 |  |  | Tangible assets | 5 | 3,670 |  |

540,893 |  |  | Investment property | 6 | 400,000 |  |

545,897 |  | 403,670 |  |

| CURRENT ASSETS

8,020 |  |  | Debtors | 7 | 8,667 |  |

21,786 |  |  | Cash at bank | 56,068 |  |

29,806 |  | 64,735 |  |

| CREDITORS

62,086 |  |  | Amounts falling due within one year | 8 | 47,916 |  |

(32,280 | ) |  | NET CURRENT ASSETS/(LIABILITIES) | 16,819 |  |

513,617 |  |  | TOTAL ASSETS LESS CURRENT LIABILITIES | 420,489 |  |

| CREDITORS

(345,241 | ) |  | Amounts falling due after more than one year | 9 | (257,989 | ) |

(18,489 | ) |  | PROVISIONS FOR LIABILITIES | (17,792 | ) |

149,887 |  |  | NET ASSETS | 144,708 |  |

| CAPITAL AND RESERVES

1 |  |  | Called up share capital | 12 | 1 |  |

81,307 |  |  | Fair value reserve | 13 | 81,307 |  |

68,579 |  |  | Retained earnings | 13 | 63,400 |  |

149,887 |  |  | SHAREHOLDERS' FUNDS | 144,708 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

DENNY ENGRAVING LTD (REGISTERED NUMBER: SC532013)

BALANCE SHEET - continued

30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

R A Marshall - Director

DENNY ENGRAVING LTD (REGISTERED NUMBER: SC532013)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Denny Engraving 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. | 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 as modified by the revaluation of certain assets.

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

| Turnover

| Other income

| Rents received are measured at the the rental income due for the accounting period, net of value added tax and are in respect of properties rented to third parties.

| 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.

| Plant & machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 33% on cost

| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of any impairment loss.

| Investment property

| Investment property for which fair value can be measured reliably without undue cost or effort is measured at fair value at each reporting date with changes in fair value recognised in profit and loss. Revaluations are conducted annually by the director.

DENNY ENGRAVING LTD (REGISTERED NUMBER: SC532013)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

| The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

| Turnover

| Other income

| Rents received are measured at the the rental income due for the accounting period, net of value added tax and are in respect of properties rented to third parties.

| Financial instruments

| Basic financial instruments are recognised at amortised cost. Financial assets and liabilties are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown withing borrowings in current liabilities.

4. | EMPLOYEES AND DIRECTORS

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

DENNY ENGRAVING LTD (REGISTERED NUMBER: SC532013)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures

| Plant & |  | and

| Totals |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 May 2024

| and 30 April 2025 | 11,569 |  | 11,067 |  | 502 |  |

| DEPRECIATION

| At 1 May 2024 | 6,565 |  | 6,398 |  | 167 |  |

| Charge for year | 1,334 |  | 1,167 |  | 167 |  |

| At 30 April 2025 | 7,899 |  | 7,565 |  | 334 |  |

| NET BOOK VALUE

| At 30 April 2025 | 3,670 |  | 3,502 |  | 168 |  |

| At 30 April 2024 | 5,004 |  | 4,669 |  | 335 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024 | 540,893 |  |

| Disposals | (140,893 | ) |

| At 30 April 2025 | 400,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | 400,000 |  |

| At 30 April 2024 | 540,893 |  |

| Investment property is valued at fair value by the director R A Marshall.

| Fair value at 30 April 2025 is represented by:

£ |

| Valuation in 2023 | 400,000 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Trade debtors | 5,686 |  | 2,693 |  |

| Directors' current accounts | 861 |  | 3,662 |  |

| VAT | 443 |  | - |  |

| Prepayments | 1,677 |  | 1,665 |  |

8,667 |  | 8,020 |  |

DENNY ENGRAVING LTD (REGISTERED NUMBER: SC532013)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts (see note 10) | 28,039 |  | 21,621 |  |

| Trade creditors | 1 |  | 168 |  |

| Amounts owed to associates | 4,098 |  | 24,098 |  |

| Corporation Tax | 5,147 |  | 3,851 |  |

| VAT | - |  | 2,825 |  |

| Accruals and deferred income | 5,588 |  | 4,553 |  |

| Accrued expenses | 5,043 |  | 4,970 |  |

47,916 |  | 62,086 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans (see note 10) | 157,989 |  | 245,241 |  |

| Directors' loan accounts | 100,000 |  | 100,000 |  |

257,989 |  | 345,241 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 209,648 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 28,039 |  | 21,621 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 14,806 |  | 23,312 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 143,183 |  | 12,281 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 209,648 |  |

DENNY ENGRAVING LTD (REGISTERED NUMBER: SC532013)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2025

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans | 186,028 |  | 266,862 |  |

| Atom Bank plc hold securities including a floating charge over all the assets of Denny Engraving Ltd.

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.25 |  | 30.4.24

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

13. | RESERVES

| Fair

| Retained |  | value

| Totals |  | earnings |  | reserve

£ | £ | £ |

| At 1 May 2024 | 149,886 |  | 68,579 |  | 81,307 |  |

| Deficit for the year | (5,179 | ) | (5,179 | ) |

| At 30 April 2025 | 144,707 |  | 63,400 |  | 81,307 |  |

14. | RELATED PARTY DISCLOSURES

| Denny Engraving Ltd owe £4,098 (2024 £24,098) to an associated company.

| At the balance sheet date the company owed to the director and his wife, jointly, £100,000 (2023 £100,000). This loan has no fixed date for repayment. Interest is charged at 3.5% per annum.

15. | ULTIMATE CONTROLLING PARTY

| The controlling party is R A Marshall.