Company No: SC226210 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	1,112,744		1,572,895
		1,112,744		1,572,895
Current assets
Debtors	5	1,046,009		526,964
Cash at bank and in hand		10,384		10,373
		1,056,393		537,337
Creditors: amounts falling due within one year	6	( 792,654)		( 745,324)
Net current assets/(liabilities)		263,739		(207,987)
Total assets less current liabilities		1,376,483		1,364,908
Net assets		1,376,483		1,364,908
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		1,376,383		1,364,808
Total shareholders' funds		1,376,483		1,364,908

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of EIJ Developments Limited (registered number: SC226210) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

Ian Buchan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

EIJ Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 14 Carden Place, Aberdeen, AB10 1UR, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

An adjustment has been made to the comparative figures for the 2023 financial year to reclassify loans due to shareholders' from amounts due more than 1 year to amounts due less than 1 year due to having no set repayment terms.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlements discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

25 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial assets
Assets, other than those measured at fair value, are assessed for indicator of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Prior year adjustment

Reclassification of loans due to shareholders' from being due more than 1 year to being due less than 1 year.

		As previously reported		Adjustment		As restated
Year ended 31 December 2023		£		£		£
Creditors: amounts falling due within one year		(6,924)		(738,400)		(745,324)
Creditors: amounts falling due after more than one year		(738,400)		738,400		0

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

4. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	11,503,772		11,503,772
At 31 December 2024	11,503,772		11,503,772
Accumulated amortisation
At 01 January 2024	9,930,877		9,930,877
Charge for the financial year	460,151		460,151
At 31 December 2024	10,391,028		10,391,028
Net book value
At 31 December 2024	1,112,744		1,112,744
At 31 December 2023	1,572,895		1,572,895

5. Debtors

	2024		2023
	£		£
Other debtors	1,046,009		526,964

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Taxation and social security	51,254		3,615
Other creditors	741,400		741,709
	792,654		745,324

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	2024		2023
	£		£
Amounts due to shareholders'	738,400		738,400

This loan is interest free and has no set repayment terms.