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REGISTERED NUMBER: SC523491 (Scotland)

Unaudited Financial Statements

for the Period 1 February 2024 to 31 March 2025

for

Primal Group Ltd

Primal Group Ltd (Registered number: SC523491)

Contents of the Financial Statements

for the Period 1 February 2024 to 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Primal Group Ltd

Company Information

for the Period 1 February 2024 to 31 March 2025

| DIRECTORS: | B Sommer

| H Henry

| REGISTERED OFFICE: | 2 Belford Road

| Edinburgh

| EH4 3BL

| REGISTERED NUMBER: | SC523491 (Scotland)

| ACCOUNTANTS: | One Accounting Ltd

| Chartered Management Accountants

| Drumsheugh Toll

| 2 Belford Road

| Edinburgh

| Midlothian

| EH4 3BL

Primal Group Ltd (Registered number: SC523491)

Balance Sheet

31 March 2025

| 31.3.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 22,940 |  |

CURRENT ASSETS

Debtors | 5 | 182,348 |  | 23,587 |  |

Cash at bank | 16,189 |  | 84,789 |  |

198,537 |  | 108,376 |  |

CREDITORS

Amounts falling due within one year | 6 | 76,944 |  | 60,288 |  |

NET CURRENT ASSETS | 121,593 |  | 48,088 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 121,593 |  | 71,028 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (14,993 | ) |

PROVISIONS FOR LIABILITIES | - |  | (5,735 | ) |

NET ASSETS | 121,593 |  | 50,300 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 121,493 |  | 50,200 |  |

121,593 |  | 50,300 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 20 August 2025 and were signed on its behalf by:

B Sommer - Director

Primal Group Ltd (Registered number: SC523491)

Notes to the Financial Statements

for the Period 1 February 2024 to 31 March 2025

1. | STATUTORY INFORMATION

| Primal Group Ltd 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.

| Frequency of reporting

| On 11 February 2025 the company extended its accounting period from 31 January 2025 to 31 March 2025 to aid operational changes within the business. As these financial statements are presented for a 14 month period, the comparative amounts presented in the financial statements are not directly comparable.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 20% on cost

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

| Debt instruments (other than those wholly repayable or receivable within one year) including loans and other

| accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

| Creditors payable within one year, typically trade payables, are measure initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid.

| Debtors receivable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

| Taxation

| Taxation for the period 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 period 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Primal Group Ltd (Registered number: SC523491)

Notes to the Financial Statements - continued

for the Period 1 February 2024 to 31 March 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 3 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 February 2024 | 7,206 |  | 30,974 |  | 38,180 |  |

| Disposals | (7,206 | ) | (30,974 | ) | (38,180 | ) |

| At 31 March 2025 | - |  | - |  | - |  |

| DEPRECIATION

| At 1 February 2024 | 4,819 |  | 10,421 |  | 15,240 |  |

| Eliminated on disposal | (4,819 | ) | (10,421 | ) | (15,240 | ) |

| At 31 March 2025 | - |  | - |  | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | - |  | - |  |

| At 31 January 2024 | 2,387 |  | 20,553 |  | 22,940 |  |

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

| 31.3.25 |  | 31.1.24

£ | £ |

| Trade debtors | 18,249 |  | 23,488 |  |

| Other debtors | 99 |  | 99 |  |

| Intercompany loan | 164,000 |  | - |  |

182,348 |  | 23,587 |  |

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

| 31.3.25 |  | 31.1.24

£ | £ |

| Hire purchase contracts | - |  | 6,010 |  |

| Trade creditors | 4,558 |  | 1,122 |  |

| Tax | 57,145 |  | 28,619 |  |

| Social security and other taxes | 2,276 |  | - |  |

| VAT | 7,531 |  | 13,962 |  |

| Other creditors | 1,925 |  | 2,951 |  |

| Directors' current accounts | - |  | 3,519 |  |

| Accrued expenses | 3,509 |  | 4,105 |  |

76,944 |  | 60,288 |  |

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

| 31.3.25 |  | 31.1.24

£ | £ |

| Hire purchase contracts | - |  | 14,993 |  |

8. | RELATED PARTY DISCLOSURES

| During the period, total dividends of £77,000 (2024 - £121,489) were paid to the directors .

| During the period the company made loans to Stronger Business Partners Ltd, the ultimate holding company. The balance due to the company at the period end was £164,000.

Primal Group Ltd (Registered number: SC523491)

Notes to the Financial Statements - continued

for the Period 1 February 2024 to 31 March 2025

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Stronger Business Partners Ltd.