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REGISTERED NUMBER: SC534320 (Scotland)

Financial Statements for the Year Ended 31 May 2025

for

Assurance Developments Limited

Assurance Developments Limited (Registered number: SC534320)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Assurance Developments Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | A M Buchan

| H R W Duncan

| REGISTERED OFFICE: | 18 North Silver Street

| Aberdeen

| AB10 1JU

| REGISTERED NUMBER: | SC534320 (Scotland)

| ACCOUNTANTS: | Tawse & Partners

| Chartered Accountants

| 18 North Silver Street

| Aberdeen

| AB10 1JU

Assurance Developments Limited (Registered number: SC534320)

Balance Sheet

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 312 |  | 729 |  |

Investment property | 6 | - |  | 1,200,000 |  |

312 |  | 1,200,729 |  |

CURRENT ASSETS

Stocks | 1,499,657 |  | 1,346,011 |  |

Debtors | 7 | 137,136 |  | 175,510 |  |

Cash at bank and in hand | 15,048 |  | 51,814 |  |

1,651,841 |  | 1,573,335 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,307,957 |  | 2,267,729 |  |

NET CURRENT ASSETS/(LIABILITIES) | 343,884 |  | (694,394 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 344,196 |  | 506,335 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (19,623 | ) | (187,790 | ) |

PROVISIONS FOR LIABILITIES | - |  | (15,026 | ) |

NET ASSETS | 324,573 |  | 303,519 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Fair value reserve | 11 | - |  | 45,077 |  |

Retained earnings | 324,571 |  | 258,440 |  |

SHAREHOLDERS' FUNDS | 324,573 |  | 303,519 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Assurance Developments Limited (Registered number: SC534320)

Balance Sheet - continued

31 May 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2026 and were signed on its behalf by:

H R W Duncan - Director

Assurance Developments Limited (Registered number: SC534320)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Assurance Developments 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover and other income recognition

| Turnover is measured at fair value of the consideration received or receivable net of discounts. The policies adopted for the recognition of turnover are as follows:

| Rental Property

| Rental income is recognised based on monthly rental periods, in accordance with the property rental agreement.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% straight line

| Tangible fixed assets are stated at deemed cost less accumulated depreciation and accumulated impairment.

| Investment property

| Investment property for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in the fair value recognised in the Income Statement. Deferred tax is provided on any gains at the rate expected to apply when the property is sold.

| Stocks

| Work in progress in valued at the lower of cost and net realisable value.

| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

| 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 balance sheet date.

Assurance Developments Limited (Registered number: SC534320)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

| transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

| administrative expenses.

4. | EMPLOYEES AND DIRECTORS

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

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 10,065 |  | 1,000 |  | 11,065 |  |

| Disposals | (10,065 | ) | - |  | (10,065 | ) |

| At 31 May 2025 | - |  | 1,000 |  | 1,000 |  |

| DEPRECIATION

| At 1 June 2024 | 9,898 |  | 438 |  | 10,336 |  |

| Charge for year | 167 |  | 250 |  | 417 |  |

| Eliminated on disposal | (10,065 | ) | - |  | (10,065 | ) |

| At 31 May 2025 | - |  | 688 |  | 688 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | 312 |  | 312 |  |

| At 31 May 2024 | 167 |  | 562 |  | 729 |  |

Assurance Developments Limited (Registered number: SC534320)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024 | 1,200,000 |  |

| Additions | 14,736 |  |

| Disposals | (1,214,736 | ) |

| At 31 May 2025 | - |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | 1,200,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Other debtors | 137,136 |  | 175,510 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts | 4,667 |  | 817,486 |  |

| Trade creditors | 2,280 |  | - |  |

| Taxation and social security | 12,502 |  | 14,640 |  |

| Other creditors | 1,288,508 |  | 1,435,603 |  |

1,307,957 |  | 2,267,729 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans | 19,623 |  | 187,790 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 957 |  | 118,724 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

| 2 | Ordinary share capital | 1 | 2 |  | 2 |  |

Assurance Developments Limited (Registered number: SC534320)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

11. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 June 2024 | 45,077 |  |

| Transfer (to)/from profit and loss reserve | (45,077 | ) |

| At 31 May 2025 | - |  |