PCL Group Holdings (Aberdeen) Limited

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Accountants' Report	1
Balance Sheet	2
Notes to the Financial Statements	3—4

Report to the directors on the preparation of the unaudited statutory accounts of PCL Group Holdings (Aberdeen) Limited for the year ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PCL Group Holdings (Aberdeen) Limited which comprise the Profit and Loss Account, the Balance Sheet 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/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of PCL Group Holdings (Aberdeen) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of PCL Group Holdings (Aberdeen) Limited and state those matters that we have agreed to state to the directors of PCL Group Holdings (Aberdeen) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PCL Group Holdings (Aberdeen) Limited and its directors as a body for our work or for this report.

It is your duty to ensure that PCL Group Holdings (Aberdeen) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of PCL Group Holdings (Aberdeen) Limited . You consider that PCL Group Holdings (Aberdeen) Limited 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 accounts of PCL Group Holdings (Aberdeen) Limited . 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 financial statements.

11 September 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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PCL Group Holdings (Aberdeen) Limited

Balance Sheet

As At 28 February 2025

Balance Sheet

Registered number: SC696016

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		600,000		600,000

			600,000		600,000
Creditors: Amounts Falling Due Within One Year	5	(41,719 )		(39,988 )

NET CURRENT ASSETS (LIABILITIES)			(41,719 )		(39,988 )

TOTAL ASSETS LESS CURRENT LIABILITIES			558,281		560,012

NET ASSETS			558,281		560,012

CAPITAL AND RESERVES
Called up share capital			100		100
Other reserves			299,950		299,950
Profit and Loss Account			258,231		259,962

SHAREHOLDERS' FUNDS			558,281		560,012

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms J Forbes

Director

11 September 2025

The notes on pages 3 to 4 form part of these financial statements.

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PCL Group Holdings (Aberdeen) Limited

Notes to the Financial Statements

For The Year Ended 28 February 2025

Notes to the Financial Statements

1. General Information

PCL Group Holdings (Aberdeen) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC696016 . The registered office is Addleshaw Goddard LLP, 1st Floor North, Kingshill View, Prime Four Business Park, Aberdeen, AB15 8PU.

The presentation currency of the financial statements is the Pound Sterling (£).

Statement of Compliance

These financial statements have ben 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.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price

including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.4. Investments in Subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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PCL Group Holdings (Aberdeen) Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Investments

	Unlisted
	£
Cost
As at 1 March 2024	600,000

As at 28 February 2025	600,000

Provision
As at 1 March 2024	-

As at 28 February 2025	-

Net Book Value
As at 28 February 2025	600,000

As at 1 March 2024	600,000

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals and deferred income	900	900
Directors' loan accounts	40,819	39,088

	41,719	39,988

6. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2025
	£	£	£	£	£
Miss Joanne Forbes	(39,088 )	-	(1,731 )	-	(40,819 )

These amounts bear interest of 3% but have no fixed repayment terms.

7. Ultimate Controlling Party

The ultimate controlling parties are the directors' Jeanette Forbes, Chris Forbes and Joanne Forbes, the shareholders of PCL Group Holdings (Aberdeen) Ltd.

8. Related Party Disclosure

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicaple in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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