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REGISTERED NUMBER: SC496383 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| ENSCO 2002 LIMITED |

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

ENSCO 2002 LIMITED

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | I A L Reid

| L Reid

| J Reid

| REGISTERED OFFICE: | 97 Lothian Road

| Edinburgh

| Lothian

| EH3 9AN

| REGISTERED NUMBER: | SC496383 (Scotland)

| ACCOUNTANTS: | Haines Watts

| Business Advisors and Accountants

| Q Court

| 3 Quality Street

| Edinburgh

| EH4 5BP

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 53,674 |  | 2,247 |  |

Investments | 5 | 190,950 |  | 190,950 |  |

Investment property | 6 | 350,000 |  | 631,377 |  |

594,624 |  | 824,574 |  |

CURRENT ASSETS

Debtors | 7 | 6,538 |  | 10,530 |  |

Investments | 8 | 435,000 |  | - |  |

Cash at bank and in hand | 72,873 |  | 118,568 |  |

514,411 |  | 129,098 |  |

CREDITORS

Amounts falling due within one year | 9 | 444,539 |  | 450,391 |  |

NET CURRENT ASSETS/(LIABILITIES) | 69,872 |  | (321,293 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 664,496 |  | 503,281 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (202,521 | ) | (202,483 | ) |

PROVISIONS FOR LIABILITIES | 12 | (36,380 | ) | (6,265 | ) |

NET ASSETS | 425,595 |  | 294,533 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Non distributable reserve | 149,322 |  | 28,048 |  |

Retained earnings | 276,272 |  | 266,484 |  |

SHAREHOLDERS' FUNDS | 425,595 |  | 294,533 |  |

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 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.

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

BALANCE SHEET - continued

31 March 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 16 September 2025 and were signed on its behalf by:

I A L Reid - Director

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| ENSCO 2002 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.

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

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 as modified by the revaluation of certain assets.

| TURNOVER

| Turnover is measured at the fair value of the rent received or receivable in relation to the letting of property.

| 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.

| Fixtures and fittings | - | 25% per annum reducing balance

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

| INVESTMENTS IN ASSOCIATES

| Investments in associated undertakings are recognised at cost less impairment, if any.

| INVESTMENT PROPERTY

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | - |  | 14,464 |  | 14,464 |  |

| Additions | 47,500 |  | 7,251 |  | 54,751 |  |

| At 31 March 2025 | 47,500 |  | 21,715 |  | 69,215 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 12,217 |  | 12,217 |  |

| Charge for year | 950 |  | 2,374 |  | 3,324 |  |

| At 31 March 2025 | 950 |  | 14,591 |  | 15,541 |  |

| NET BOOK VALUE

| At 31 March 2025 | 46,550 |  | 7,124 |  | 53,674 |  |

| At 31 March 2024 | - |  | 2,247 |  | 2,247 |  |

5. | FIXED ASSET INVESTMENTS

| Interest

| in

| associate

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 190,950 |  |

| NET BOOK VALUE

| At 31 March 2025 | 190,950 |  |

| At 31 March 2024 | 190,950 |  |

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 631,377 |  |

| Revaluations | 153,623 |  |

| Reclassification/transfer | (435,000 | ) |

| At 31 March 2025 | 350,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 350,000 |  |

| At 31 March 2024 | 631,377 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2024 | 33,886 |  |

| Cost | 316,114 |  |

350,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 316,114 |  | 597,491 |  |

| Investment property was valued on an open market basis on 31 March 2025 by the directors .

| The directors do not consider that there has been a material movement since the last formal valuation.

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

2025 | 2024 |

£ | £ |

| Other debtors | 6,538 |  | 10,530 |  |

8. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Other | 435,000 |  | - |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 111 |  | 42 |  |

| Taxation and social security | 975 |  | 6,059 |  |

| Other creditors | 443,453 |  | 444,290 |  |

444,539 |  | 450,391 |  |

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 202,521 |  | 202,483 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 202,521 |  | 202,483 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 202,521 |  | 202,483 |  |

| Shawbrook Bank Limited hold a charge which covers the investment property owned by the company.

12. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 36,380 |  | 6,265 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 6,265 |  |

| Charge to Income Statement during year | 30,115 |  |

| Balance at 31 March 2025 | 36,380 |  |

13. | RELATED PARTY DISCLOSURES

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

| Included in "Other creditors" is a balance of £439,994 (2024 - £439,994) due to non-wholly owned subsidiaries.

14. | POST BALANCE SHEET EVENTS

| Subsequent to the year end the company has disposed of an investment property for proceeds of £435,000. The financial effects of the sale will be reported in the year end up to 31st March 2026.

15. | ULTIMATE CONTROLLING PARTY

| The ultimate parent company is ENSCO 2000 Limited whose registered office is at 97 Lothian Road, Midlothian, EH3 9AN