RIGQUIP INTERNATIONAL LTD.

Contents
	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC305561

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	4	367,885		367,885
Cash at bank and in hand		4,956		4,626

		372,841		372,511
Creditors: Amounts Falling Due Within One Year	5	(73,670 )		(71,565 )

NET CURRENT ASSETS (LIABILITIES)			299,171		300,946

TOTAL ASSETS LESS CURRENT LIABILITIES			299,171		300,946

NET ASSETS			299,171		300,946

CAPITAL AND RESERVES
Called up share capital	6		121,000		121,000
Profit and Loss Account			178,171		179,946

SHAREHOLDERS' FUNDS			299,171		300,946

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Fraser

Director

29/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

3 years straight line

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: NIL (2023: 2)

3. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 January 2024	6,389

As at 31 December 2024	6,389

Depreciation
As at 1 January 2024	6,389

As at 31 December 2024	6,389

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

4. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	367,885	367,885

	367,885	367,885

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Amounts owed to group undertakings	72,420	70,415
Other creditors	1,250	1,150

	73,670	71,565

Page 2

Page 3

RIGQUIP INTERNATIONAL LTD.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	121,000	121,000

	Value	Number	2024	2023
Allotted, called up and fully paid	£		£	£
Ordinary A shares	1.00	1,000	1,000	1,000

Ordinary B shares	120.00	1,000	120,000	120,000




		2,000	121,000	121,000

7. Ultimate Controlling Party

The company's immediate parent company is RigQuip Ltd, a company incorporated in Scotland, and its ultimate parent company is The company's ultimate controlling party is RigQuip Holdings Limited , a company incorporated in Scotland

8. General Information

RIGQUIP INTERNATIONAL LTD. is a private company, limited by shares, incorporated in Scotland, registered number SC305561 . The registered office is Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA.