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REGISTERED NUMBER: SC456434 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

CALLIDUS WEALTH MANAGEMENT LIMITED

CALLIDUS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC456434) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| CALLIDUS WEALTH MANAGEMENT LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | G Cuthbertson

| Mrs D Cuthbertson

| REGISTERED OFFICE: | 21 Young Street

| Edinburgh

| EH2 4HU

| REGISTERED NUMBER: | SC456434 (Scotland)

CALLIDUS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC456434) |

ABRIDGED BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 60,105 |  | 54,658 |  |

CURRENT ASSETS

Debtors | 32,533 |  | 27,647 |  |

Cash at bank | - |  | 1,845 |  |

32,533 |  | 29,492 |  |

CREDITORS

Amounts falling due within one year | 40,826 |  | 36,452 |  |

NET CURRENT LIABILITIES | (8,293 | ) | (6,960 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 51,812 |  | 47,698 |  |

CREDITORS

Amounts falling due after more than one year | (28,658 | ) | - |  |

PROVISIONS FOR LIABILITIES | (13,824 | ) | (12,571 | ) |

NET ASSETS | 9,330 |  | 35,127 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 9,230 |  | 35,027 |  |

SHAREHOLDERS' FUNDS | 9,330 |  | 35,127 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CALLIDUS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC456434) |

ABRIDGED BALANCE SHEET - continued

30 SEPTEMBER 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

G Cuthbertson - Director

CALLIDUS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC456434) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Callidus Wealth Management Limited (company number SC456434) is a private company limited by shares, registered in Scotland. Its registered office is at 21 Young Street, Edinburgh, EH2 4HU.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| As the company has sufficient work for the foreseeable future, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic climate.The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, therefore, continue to adopt the going concern basis of accounting when preparing the annual financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration receivable and represents amounts receivable for services rendered, stated net of discounts and 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.

| Plant and machinery etc | - | 25% on reducing balance, 20% on cost and 10% on cost

| Taxation

| Taxation for the year represents the sum of current and deferred tax. The company's liability for current tax is calculated using rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled , based upon tax rates that have been enacted or substantively enacted by the end of the reporting period.

| Hire purchase and leasing commitments

| Tangible assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.Rentals payable under operating leases are charged to the Profit and Loss account on a straight line basis over the period of the lease.

| Employee benefits

| Short term employee benefits, including holiday pay, are recognised as an expense in the Profit and Loss account in the period in which they are incurred. The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

CALLIDUS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC456434) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The following assets and liabilities are classified as financial instruments - Trade debtors, Trade creditors and bank loans. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

| Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence is found, an impairment loss is recognised in the Profit and Loss account.

| Provisions

| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

4. | EMPLOYEES AND DIRECTORS

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

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024 | 143,586 |  |

| Additions | 57,967 |  |

| Disposals | (105,479 | ) |

| At 30 September 2025 | 96,074 |  |

| DEPRECIATION

| At 1 October 2024 | 88,928 |  |

| Charge for year | 12,586 |  |

| Eliminated on disposal | (65,545 | ) |

| At 30 September 2025 | 35,969 |  |

| NET BOOK VALUE

| At 30 September 2025 | 60,105 |  |

| At 30 September 2024 | 54,658 |  |

6. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 37,476 |  | - |  |

| The Hire Purchase loan is secured on the asset concerned.