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REGISTERED NUMBER: SC641556 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

CHISHOLM MARINE COMMISSIONING LTD

CHISHOLM MARINE COMMISSIONING LTD (REGISTERED NUMBER: SC641556)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

CHISHOLM MARINE COMMISSIONING LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTOR: | Callum Chisholm

| REGISTERED OFFICE: | 4d Auchingramont Road

| Hamilton

| ML3 6JT

| BUSINESS ADDRESS: | 22 Home Farm Court

| Drumpellier

| Coatbridge

| ML5 1RW

| REGISTERED NUMBER: | SC641556 (Scotland)

| ACCOUNTANTS: | William Duncan (UK) Limited

| Chartered Accountants

| 4d Auchingramont Road

| Hamilton

| ML3 6JT

| BANKERS: | Bank of Scotland plc

| The Mound

| Edinburgh

| EH1 1YZ

CHISHOLM MARINE COMMISSIONING LTD (REGISTERED NUMBER: SC641556)

STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 12,953 |  | 19,429 |  |

CURRENT ASSETS

Debtors | 5 | 10,790 |  | - |  |

Cash at bank | 346,162 |  | 223,701 |  |

356,952 |  | 223,701 |  |

CREDITORS

Amounts falling due within one year | 6 | 103,481 |  | 70,621 |  |

NET CURRENT ASSETS | 253,471 |  | 153,080 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 266,424 |  | 172,509 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (20,859 | ) | (29,033 | ) |

PROVISIONS FOR LIABILITIES | (3,238 | ) | (3,691 | ) |

NET ASSETS | 242,327 |  | 139,785 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 242,326 |  | 139,784 |  |

242,327 |  | 139,785 |  |

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 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.

CHISHOLM MARINE COMMISSIONING LTD (REGISTERED NUMBER: SC641556)

STATEMENT OF FINANCIAL POSITION - 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.

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 20 November 2025 and were signed by:

Callum Chisholm - Director

CHISHOLM MARINE COMMISSIONING LTD (REGISTERED NUMBER: SC641556)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Chisholm Marine Commissioning 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.

| 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.

| Turnover

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

| Rendering of services

| Turnover from the rendering of services, namely the provision of marine commissioning services, is recognised by reference to the stage of completion of the service at the statement of financial position date.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Motor vehicles | - | 25% on cost

| Impairment of assets

| 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 the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

| If an impairment loss subsequently reverses, the carrying 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 impairment loss is recognised immediately in the income statement.

CHISHOLM MARINE COMMISSIONING LTD (REGISTERED NUMBER: SC641556)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial instruments are recognised as follows:

| (i) Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method less any impairment.

| (ii) Cash and cash equivalents

| Cash and cash equivalents include cash at bank and in hand.

| Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the statement of financial position.

| (iii) Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

| The interest element of these obligations is charged to the income statement over the relevant period using the effective interest method. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

| Provision for liabilities

| The company recognises a provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

CHISHOLM MARINE COMMISSIONING LTD (REGISTERED NUMBER: SC641556)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Motor

| vehicles

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 25,905 |  |

| DEPRECIATION

| At 1 October 2024 | 6,476 |  |

| Charge for year | 6,476 |  |

| At 30 September 2025 | 12,952 |  |

| NET BOOK VALUE

| At 30 September 2025 | 12,953 |  |

| At 30 September 2024 | 19,429 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 25,905 |  |

| DEPRECIATION

| At 1 October 2024 | 6,476 |  |

| Charge for year | 6,476 |  |

| At 30 September 2025 | 12,952 |  |

| NET BOOK VALUE

| At 30 September 2025 | 12,953 |  |

| At 30 September 2024 | 19,429 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Other debtors | 10,790 |  | - |  |

CHISHOLM MARINE COMMISSIONING LTD (REGISTERED NUMBER: SC641556)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans and overdrafts | 4,800 |  | 4,800 |  |

| Hire purchase contracts | 5,259 |  | 5,259 |  |

| Corporation tax | 39,419 |  | 27,844 |  |

| PAYE and NIC | 278 |  | - |  |

| VAT | 17,630 |  | 8,525 |  |

| Director's loan | 34,795 |  | 22,693 |  |

| Accrued charges | 1,300 |  | 1,500 |  |

103,481 |  | 70,621 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans - 2-5 years | 5,082 |  | 7,997 |  |

| Hire purchase contracts | 15,777 |  | 21,036 |  |

20,859 |  | 29,033 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.9.25 |  | 30.9.24

£ | £ |

| Hire purchase contracts | 21,036 |  | 26,295 |  |

| Hire purchase contracts are secured on the assets to which they relate.

9. | RELATED PARTY DISCLOSURES

| During the year, the company received an interest free loan from the director amounting to £34,795 (2024 : £22,693.)