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REGISTERED NUMBER: SC612863 (Scotland)

Financial Statements For The Year Ended 31 May 2025

for

North Sea Plastics (Holdings) Limited

| North Sea Plastics (Holdings) Limited (Registered number: SC612863) |

Contents of the Financial Statements

For The Year Ended 31 May 2025

Page |

| Company Information | 1 |

| Abridged Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| North Sea Plastics (Holdings) Limited |

Company Information

For The Year Ended 31 May 2025

| DIRECTOR: | D M Tullis

| SECRETARY: | D M Tullis

| REGISTERED OFFICE: | Unit 2 5 Campsie Road

| Kirkintilloch

| Glasgow

| G66 1SL

| REGISTERED NUMBER: | SC612863 (Scotland)

| ACCOUNTANTS: | Robb Ferguson Chartered Accountants

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| North Sea Plastics (Holdings) Limited (Registered number: SC612863) |

Abridged Statement of Financial Position

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | - |  | 309,000 |  |

Investment property | 5 | 450,000 |  | - |  |

450,000 |  | 309,000 |  |

CURRENT ASSETS

Debtors | 336,876 |  | 85,500 |  |

Cash at bank | 1,718,573 |  | - |  |

2,055,449 |  | 85,500 |  |

CREDITORS

Amounts falling due within one year | 14,196 |  | - |  |

NET CURRENT ASSETS | 2,041,253 |  | 85,500 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,491,253 |  | 394,500 |  |

CAPITAL AND RESERVES

Called up share capital | 500 |  | 500 |  |

Revaluation reserve | 6 | 226,013 |  | - |  |

Retained earnings | 2,264,740 |  | 394,000 |  |

SHAREHOLDERS' FUNDS | 2,491,253 |  | 394,500 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

| North Sea Plastics (Holdings) Limited (Registered number: SC612863) |

Abridged Statement of Financial Position - continued

31 May 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 Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 May 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

D M Tullis - Director

| North Sea Plastics (Holdings) Limited (Registered number: SC612863) |

Notes to the Financial Statements

For The Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| North Sea Plastics (Holdings) 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.

| Related party exemption

| 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.

| 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.

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the statement of comprehensive income.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, 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 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.

3. | EMPLOYEES AND DIRECTORS

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

| North Sea Plastics (Holdings) Limited (Registered number: SC612863) |

Notes to the Financial Statements - continued

For The Year Ended 31 May 2025

4. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 June 2024 | 309,000 |  |

| Disposals | (309,000 | ) |

| At 31 May 2025 | - |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | 309,000 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 223,987 |  |

| Revaluations | 226,013 |  |

| At 31 May 2025 | 450,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 450,000 |  |

| Fair value at 31 May 2025 is represented by:

£ |

| Valuation in 2025 | 450,000 |  |

6. | RESERVES

| Revaluation

| reserve

£ |

| Revaluation | 226,013 |  |

| At 31 May 2025 | 226,013 |  |

7. | RELATED PARTY DISCLOSURES

| During the year, the company recieved rental income of £10,000 from North Sea Plastics Limited, a company under control of a common director. As at year end, a balance of £10,000 was owed to North Sea Plastics (Holdings) Limited.