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REGISTERED NUMBER: SC649879 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Pi Engineers Limited

| Pi Engineers Limited (Registered number: SC649879) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Accountants' Report | 5 |

| Pi Engineers Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | A J D Penley

| REGISTERED OFFICE: | 1 Springfield Lane

| ABERDEEN

| AB15 8JE

| REGISTERED NUMBER: | SC649879 (Scotland)

| ACCOUNTANTS: | Atholl Scott

| Victoria House

| 13 Victoria Street

| ABERDEEN

| AB10 1XB

| Pi Engineers Limited (Registered number: SC649879) |

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,455 |  | 572 |  |

CURRENT ASSETS

Debtors | 5 | 89,107 |  | 89,426 |  |

Cash at bank | 16,262 |  | 23,665 |  |

105,369 |  | 113,091 |  |

CREDITORS

Amounts falling due within one year | 6 | (59,555 | ) | (65,881 | ) |

NET CURRENT ASSETS | 45,814 |  | 47,210 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 47,269 |  | 47,782 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 47,169 |  | 47,682 |  |

47,269 |  | 47,782 |  |

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.

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 director and authorised for issue on 18 September 2025 and were signed by:

A J D Penley - Director

| Pi Engineers Limited (Registered number: SC649879) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Pi Engineers 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.

| Turnover

| Turnover represents amounts receivable for services rendered during the year, exclusive of value added tax.

| Tangible fixed assets

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

| Computer equipment | - | 25% on cost

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

| Pi Engineers Limited (Registered number: SC649879) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 April 2024 | 3,044 |  |

| Additions | 1,940 |  |

| At 31 March 2025 | 4,984 |  |

| DEPRECIATION

| At 1 April 2024 | 2,472 |  |

| Charge for year | 1,057 |  |

| At 31 March 2025 | 3,529 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,455 |  |

| At 31 March 2024 | 572 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 10,675 |  | 11,163 |  |

| Amounts owed by group undertakings | 78,432 |  | 78,263 |  |

89,107 |  | 89,426 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Tax | 45,631 |  | 41,057 |  |

| VAT | 11,814 |  | 23,013 |  |

| Directors' loan accounts | 211 |  | 40 |  |

| Accrued expenses | 1,899 |  | 1,771 |  |

59,555 |  | 65,881 |  |

7. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £75,500 (2024 - £57,500) were paid to the director .

| During the year A J D Penley (director) increased the amount loaned to the company by £169 leaving a balance of £210 (2024 £41). This loan is unsecured, interest free and repayable on demand.

| During the year the company increased the amount loaned to Penley Holdings Limited (a company under common control) by £169 leaving a balance of £73,432 (2024 £78,263). This loan is unsecured, interest free and repayable on demand.

Accountants' Report to the Director

on the Unaudited Financial Statements of

Pi Engineers Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Pi Engineers Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Pi Engineers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pi Engineers Limited and state those matters that we have agreed to state to the director of Pi Engineers Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pi Engineers Limited 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 Pi Engineers Limited. You consider that Pi Engineers 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 financial statements of Pi Engineers 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 statutory financial statements.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

18 September 2025