RIGQUIP HOLDINGS LIMITED

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

Registered number: SC500716

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		156,775		209,034
Investments	5		6,408,244		6,408,244

			6,565,019		6,617,278
Creditors: Amounts Falling Due Within One Year	6	(1,136,090 )		(1,134,840 )

NET CURRENT ASSETS (LIABILITIES)			(1,136,090 )		(1,134,840 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,428,929		5,482,438

NET ASSETS			5,428,929		5,482,438

CAPITAL AND RESERVES
Called up share capital	7		216		216
Share premium account			3,438,061		3,438,061
Profit and Loss Account			1,990,652		2,044,161

SHAREHOLDERS' FUNDS			5,428,929		5,482,438

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. General Information

RIGQUIP HOLDINGS LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC500716 . The registered office is Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA.

2. Accounting Policies

2.1. 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.

2.2. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 4)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	522,588

As at 31 December 2024	522,588

Amortisation
As at 1 January 2024	313,554
Provided during the period	52,259

As at 31 December 2024	365,813

Net Book Value
As at 31 December 2024	156,775

As at 1 January 2024	209,034

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2024	6,408,244

As at 31 December 2024	6,408,244

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	6,408,244

As at 1 January 2024	6,408,244

Page 2

Page 3

RIGQUIP HOLDINGS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Amounts owed to group undertakings	1,134,841	1,133,691
Other creditors	1,249	1,149

	1,136,090	1,134,840

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
1 Ordinary A shares of £ 1.00 each	1	1
215 Ordinary B shares of £ 1.00 each	215	215

	216	216