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Registration number: SC337786

Orissor Trust Ltd.
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Orissor Trust Ltd.

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6
Accountants' Report | 7

Orissor Trust Ltd.

Company Information

Director | Ms Deborah Catarina Goncalves Dawson

Company secretary | Mr Guy Crichton

Registered office | Orissor House Craigmore Road Rothesay Isle Of Bute PA20 9LB

Accountants | EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Orissor Trust Ltd.

(Registration number: SC337786)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 2,006,456 | 1,213,341
Current assets |  |  |
Debtors | 5 | 41,846 | 51,414
Cash at bank and in hand |  | 17,109 | 13,331
|  | 58,955 | 64,745
Creditors: Amounts falling due within one year | 6 | (2,278,686) | (1,429,233)
Net current liabilities |  | (2,219,731) | (1,364,488)
Net liabilities |  | (213,275) | (151,147)
Capital and reserves |  |  |
Called up share capital |  | 120 | 120
Retained earnings |  | (213,395) | (151,267)
Shareholders' deficit |  | (213,275) | (151,147)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 September 2025

......................................... Ms Deborah Catarina Goncalves Dawson Director

Orissor Trust Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

It is the opinion of the director that there is reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements for the period ended 31 December 2024.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | 2% straight line
Plant and machinery | 10% straight line
Fixtures and fittings | 20% straight line

Orissor Trust Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
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.

3 | Employees and Directors

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Orissor Trust Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2024 | 1,125,272 | 2,321 | 247,497 | 1,375,090
Additions | 824,226 | - | - | 824,226
At 31 December 2024 | 1,949,498 | 2,321 | 247,497 | 2,199,316
Depreciation
At 1 January 2024 | 113,594 | 276 | 47,879 | 161,749
Charge for the year | 5,897 | 464 | 24,750 | 31,111
At 31 December 2024 | 119,491 | 740 | 72,629 | 192,860
Carrying amount
At 31 December 2024 | 1,830,007 | 1,581 | 174,868 | 2,006,456
At 31 December 2023 | 1,011,678 | 2,045 | 199,618 | 1,213,341

Included within the net book value of land and buildings above is £1,830,008 (2023 - £1,011,677) in respect of freehold land and buildings.

5 | Debtors

Current | 2024 £ | 2023 £
Prepayments | 1,219 | -
Other debtors | 40,627 | 51,414
| 41,846 | 51,414

Orissor Trust Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 14,286 | 20,830
Other creditors | 2,264,400 | 1,408,403
| 2,278,686 | 1,429,233

7 | Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

| 2024 £ | 2023 £
Ms D C G Dawson | 2,262,400 | 1,404,875
| 2,262,400 | 1,404,875

The maximum balance outstanding during the year amounted to £2,262,400.
The directors current accounts are repayable on demand.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Orissor Trust Ltd.
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Orissor Trust Ltd. for the year ended 31 December 2024 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Orissor Trust Ltd., 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 Orissor Trust Ltd. and state those matters that we have agreed to state to the Board of Directors of Orissor Trust Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orissor Trust Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Orissor Trust Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Orissor Trust Ltd.. You consider that Orissor Trust 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 accounts of Orissor Trust 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 accounts.

......................................
EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

8 September 2025