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Registration number: SC277359

P.E. Binns Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

P.E. Binns Limited

Contents

Company Information | 1
Balance Sheet | 2
Statement of Changes in Equity | 3
Notes to the Unaudited Financial Statements | 4 to 8

P.E. Binns Limited

Company Information

Directors | P E Binns C L Binns

Company secretary | P E Binns

Registered office | The Old Farmhouse Broomlee Mains West Linton Peeblesshire United Kingdom EH46 7BT

Accountants | Brown, Scott & Main 91 West Savile Terrace Edinburgh Lothian EH9 3DP

P.E. Binns Limited

(Registration number: SC277359)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 6 | - | 192,500
Other financial assets | 7 | - | 86,789
|  | - | 279,289
Current assets |  |  |
Debtors | 8 | 6,419 | -
Cash at bank and in hand |  | 297,050 | 18,202
|  | 303,469 | 18,202
Creditors: Amounts falling due within one year | 12 | (10,058) | (2,424)
Net current assets |  | 293,411 | 15,778
Total assets less current liabilities |  | 293,411 | 295,067
Creditors: Amounts falling due after more than one year | 12 | - | (4,290)
Provisions for liabilities |  | - | (14,727)
Net assets |  | 293,411 | 276,050
Capital and reserves |  |  |
Called up share capital | 9 | 2 | 2
Non-distributable reserve |  | - | 58,166
Retained earnings |  | 293,409 | 217,882
Shareholders' funds |  | 293,411 | 276,050

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 February 2026 and signed on its behalf by:

......................................... C L Binns Director

P.E. Binns Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital £ | Non-distributable reserve £ | Retained earnings £ | Total £
At 1 January 2025 | 2 | 58,166 | 217,882 | 276,050
Profit for the year | - | - | 17,361 | 17,361
Other comprehensive income | - | (58,166) | 58,166 | -
Total comprehensive income | - | (58,166) | 75,527 | 17,361
At 31 December 2025 | 2 | - | 293,409 | 293,411

| Share capital £ | Non-distributable reserve £ | Retained earnings £ | Total £
At 1 January 2024 | 2 | 51,292 | 213,119 | 264,413
Profit for the year | - | - | 11,637 | 11,637
Other comprehensive income | - | 6,874 | (6,874) | -
Total comprehensive income | - | 6,874 | 4,763 | 11,637
At 31 December 2024 | 2 | 58,166 | 217,882 | 276,050

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Old Farmhouse
Broomlee Mains
West Linton
Peeblesshire
EH46 7BT
United Kingdom

These financial statements were authorised for issue by the Board on 18 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The Presentation currency is sterling.

Revenue recognition

Turnover represents the revenue earned under contracts to provide professional services to customers and amount of rental income receivable for the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, less their residual value over their estimated useful lives, as follows:
Computer equipment - 25% straight line basis

Investment property

Investment property is carried at fair value. Changes in fair value are recognised in profit or loss. This is transferred, for ease of identification, to a non-distributable reserve which displays the cumulative unrealised surplus or deficit on revaluation net of deferred tax.

Investments

Non-current financial assets comprise non-puttable ordinary shares in publicly traded companies which are recognised at fair value with changes in fair value recognised in profit and loss. This is transferred, for ease of identification, to the fair value reserve which displays the cumulative unrealised surplus or deficit or revaluation. This transfer and the resultant balances are shown in the notes to the finanial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2024 - 2).

| 4 | Taxation

| 2025 |  | 2024 |
Current taxation | £ |  | £ |
Deferred tax | (14,727) |  | 2,018 |
Corporation tax | 8,282 |  | 818 |
| (6,445) |  | 2,836 |

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost
At 1 January 2025 | 6,607 | 6,607
Disposals | (6,607) | (6,607)
At 31 December 2025 | - | -
Depreciation
At 1 January 2025 | 6,607 | 6,607
Eliminated on disposal | (6,607) | (6,607)
At 31 December 2025 | - | -
Carrying amount
At 31 December 2025 | - | -

6 | Investment property

| 2025 £
At 1 January | 192,500
Disposals | (192,500)
At 31 December | -

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

7 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 January 2025 | 86,789 | 86,789
Additions | 8,422 | 8,422
Disposals | (95,211) | (95,211)
At 31 December 2025 | - | -
Impairment
Carrying amount
At 31 December 2025 | - | -

Financial assets held at fair value

The market value of the listed investments at 31 December 2025 was £Nil (2024 - £74,310).
The market value of the other tangible investments held at 31 December 2025 was £Nil (2024 - £12,479)

8 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 6,419 | -
| 6,419 | -

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £1 each | 2 | 2 | 2 | 2

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | - | 4,290

P.E. Binns Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

| 11 | Provisions for liabilities

|  | 2025 |  | 2024 |
|  | £ |  | £ |
Deferred tax | - |  | 14,727 |
|  |  |  | Deferred tax |
|  |  |  | £ |
At | 1 January 2025 |  |  | 14,727 |
Provision during year |  |  | (14,727) |
At | 31 December 2025 |  |  | - |

12 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 8,558 | 1,094
Accruals and deferred income | 1,500 | 1,330
| 10,058 | 2,424

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | - | 4,290