The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

CSG Queensferry Holdings Limited is a private company limited by shares incorporated in Scotland. The registered office is The Tower, 7 Advocates Close, Edinburgh, United Kingdom, EH1 1ND.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

The company’s principal activity is to act as the holding company for its subsidiary, CSG Queensferry Limited. In assessing the going concern status of the company, the Directors have reviewed cash flow forecasts prepared by its subsidiary, which indicates that taking account of reasonably possible downsides, the subsidiary will have sufficient funds to meet its liabilities as they fall due during the going concern assessment period. The subsidiary company is in the development phase of its property asset that is expected to truebe completed in November 2027. The going concern assessment period therefore covers the period up to the anticipated date of completion of the development.

The company has amounts owed of £18,559,475 from its subsidiary company that is repayable on demand. The directors have confirmed in writing to their subsidiary company, they do not currently intend to seek repayment of this loan in the next 12 months where it would be to the detriment of their ability to meet their obligations as they fall due. In addition, the entity which holds a participating interest in the company has indicated that it does not currently intend to seek repayment of the amounts currently due to the company, which at balance sheet date amounted to £1,208,086 within the next 12 months. This has been confirmed in writing by this party.

Consequently, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss account.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the profit and loss account.

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. The impairment reversal is recognised in the profit and loss account.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including certain creditors and other borrowings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons employed by the company during the year was nil (2024: nil).

Amounts owed by group undertakings are non-interest bearing and although repayable on demand, are not expected to be settled within one year.

Other borrowings outlined above are unsecured.

On 1 November 2024, the company issued the following shares, all at par value:

• 46,683 B Ordinary shares of £1 each; and

• 1,003,317 Preference shares of £1 each.

On 6 February 2025, the company issued the following shares, all at par value:

• 12,247 B Ordinary shares of £1 each; and

• 262,753 Preference shares of £1 each.

On 27 February 2025, the company issued the following shares, all at par value:

• 182,247 B Ordinary shares of £1 each; and

• 3,917,753 Preference shares of £1 each.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The company has provided security in the form of an assignation in security in respect of the borrowings of its subsidiary undertaking, CSG Queensferry Limited.

During the year, the company advanced £7,244,700 (2024: £3,153,020) of cash to CSG Queensferry Limited, the company's subsidiary undertaking. The company also recharged interest of £16,509 (2024: £Nil) to CSG Queensferry Limited of which £10,035 (2024: £Nil) was paid during the year. The total amount due from CSG Queensferry Limited at 30 June 2025 was £18,559,475 (2024: £11,308,301).

Also during the year, the company received borrowings of £4,201,612 (2024: £Nil) from an entity which holds a participating interest in the company. £3,000,000 of these borrowings were converted into share capital during the current year with the balance outstanding at the reporting date. The company incurred interest of £16,509 (2024: £Nil) in respect of these borrowings which was recharged to CSG Queensferry Limited. Interest of £6,474 remained outstanding at the reporting date.