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REGISTERED NUMBER: SC111045 (Scotland)

Abridged Unaudited Financial Statements for the Year Ended 31 October 2025

for

Spindrift (Scotland) Limited

Spindrift (Scotland) Limited (Registered number: SC111045)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Spindrift (Scotland) Limited

Company Information

for the Year Ended 31 October 2025

| DIRECTOR: | P MacIntyre

| SECRETARY: | Mrs F MacIntyre

| REGISTERED OFFICE: | 14 Rutland Square

| Edinburgh

| Midlothian

| EH1 2BD

| REGISTERED NUMBER: | SC111045 (Scotland)

| ACCOUNTANTS: | Gibson McKerrell Burrows Limited

| 28 Rutland Square

| Edinburgh

| EH1 2BW

| BANKERS: | Virgin Money

| 1 Bank Street

| Falkirk

| FK1 1NB

| SOLICITORS: | Morton Fraser MacRoberts LLP

| 9 Haymarket Square

| Edinburgh

| EH3 8RY

Spindrift (Scotland) Limited (Registered number: SC111045)

Abridged Statement of Financial Position

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 41 |  | 48 |  |

Investment property | 5 | 350,000 |  | 350,000 |  |

350,041 |  | 350,048 |  |

CURRENT ASSETS

Debtors | 1,675 |  | 5,622 |  |

Cash at bank | 67,304 |  | 73,683 |  |

68,979 |  | 79,305 |  |

CREDITORS

Amounts falling due within one year | 7,934 |  | 11,118 |  |

NET CURRENT ASSETS | 61,045 |  | 68,187 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 411,086 |  | 418,235 |  |

PROVISIONS FOR LIABILITIES | 6 | 33,165 |  | 33,165 |  |

NET ASSETS | 377,921 |  | 385,070 |  |

CAPITAL AND RESERVES

Called up share capital | 156,001 |  | 156,001 |  |

Retained earnings | 7 | 221,920 |  | 229,069 |  |

SHAREHOLDERS' FUNDS | 377,921 |  | 385,070 |  |

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

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

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 Financial Position for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 December 2025 and were signed by:

P MacIntyre - Director

Spindrift (Scotland) Limited (Registered number: SC111045)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Spindrift (Scotland) 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.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost. Cost includes the original purchase price and costs directly attributable to bringing the asset to its present location and into its present condition. After initial recognition, the assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. Freehold properties are subsequently measured at their revalued amount, being the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| Depreciation is provided by equal instalments at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Land is not depreciated.

| Plant and machinery - 15% on reducing balance

| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

| Investment property

| Investment properties are properties held to earn rentals and/or for capital appreciation.

| Investment properties are initially measured at cost, including transaction costs. Subsequently, investment properties whose fair value can be measured reliably without undue cost or effort, on an on-going basis, are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the Income Statement in the period in which they arise.

| Investment properties whose fair value cannot be measured reliably without undue cost or effort, on an on-going basis, are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and payables, loans from banks and other third parties.

| At the end of each reporting period, financial assets that are measured at cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised.

| Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party.

| Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Spindrift (Scotland) Limited (Registered number: SC111045)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 4,803 |  |

| DEPRECIATION

| At 1 November 2024 | 4,755 |  |

| Charge for year | 7 |  |

| At 31 October 2025 | 4,762 |  |

| NET BOOK VALUE

| At 31 October 2025 | 41 |  |

| At 31 October 2024 | 48 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024

| and 31 October 2025 | 350,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 350,000 |  |

| At 31 October 2024 | 350,000 |  |

| The investment property at 2 Stafford Street, Edinburgh was purchased on 31 October 1998 and has been revalued by the directors in the period under review in order to represent its fair value.

Spindrift (Scotland) Limited (Registered number: SC111045)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2017 | 246,222 |  |

| Cost | 103,778 |  |

350,000 |  |

6. | PROVISIONS FOR LIABILITIES

| 31.10.25 |  | 31.10.24

£ | £ |

| Deferred tax | 33,165 |  | 33,165 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 33,165 |  |

| Balance at 31 October 2025 | 33,165 |  |

7. | RESERVES

| Retained earnings are analysed as follows:

|  | 31.10.25 |  |  | 31.10.24 |

|  | £ |  |  | £ |

| Distributable |  | 8,863 |  |  | 16,012 |

| Non-Distributable |  | 213,057 |  |  | 213,057 |

| Total |  | 221,920 |  |  | 229,069 |

8. | RELATED PARTY DISCLOSURES

| At the balance sheet date, P MacIntyre, director, was owed £5,007 by the company.