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REGISTERED NUMBER: SC357651 (Scotland)

| Prentice Coaches Ltd. |

| Unaudited Financial Statements |

| for the Year Ended 30 September 2025 |

| Prentice Coaches Ltd. (Registered number: SC357651) |

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Prentice Coaches Ltd. |

Company Information

for the Year Ended 30 September 2025

| DIRECTORS: | R C Prentice

| L Prentice

| SECRETARY: | L Prentice

| REGISTERED OFFICE: | Station Garage

| 2d Hospital Road

| Haddington

| East Lothian

| EH41 3BH

| REGISTERED NUMBER: | SC357651 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| The Lighthouse

| Heugh Road

| North Berwick

| EH39 5PX

| Prentice Coaches Ltd. (Registered number: SC357651) |

Balance Sheet

30 September 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,061,477 |  | 953,816 |  |

CURRENT ASSETS

Stocks | 12,119 |  | 15,312 |  |

Debtors | 5 | 96,313 |  | 75,548 |  |

Cash at bank | 123,229 |  | 91,925 |  |

231,661 |  | 182,785 |  |

CREDITORS

Amounts falling due within one year | 6 | 293,999 |  | 297,647 |  |

NET CURRENT LIABILITIES | (62,338 | ) | (114,862 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 999,139 |  | 838,954 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (401,931 | ) | (249,014 | ) |

PROVISIONS FOR LIABILITIES | (180,904 | ) | (160,448 | ) |

NET ASSETS | 416,304 |  | 429,492 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 415,304 |  | 428,492 |  |

SHAREHOLDERS' FUNDS | 416,304 |  | 429,492 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

| Prentice Coaches Ltd. (Registered number: SC357651) |

Balance Sheet - continued

30 September 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 4 March 2026 and were signed on its behalf by:

R C Prentice - Director

| Prentice Coaches Ltd. (Registered number: SC357651) |

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| Prentice Coaches Ltd. 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.

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.

| Turnover and revenue recognition

| Turnover represents income from provision of buses for local service routes, contract and private hire excluding value added tax. Revenue is recognised when the service has been supplied to the customer.

| Tangible fixed assets

| Depreciation is provided 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.

| Plant and machinery etc | - | 25% on cost, 20% on cost and Straight line over 15 years

| During the year ended 30 September 2025, the company revised the depreciation policy for motor vehicles, from 10 years to 15 years straight line. The change in the policy accurately reflects the estimated useful life of the vehicles owned by the company.

| Stock

| Stock has been valued at the lower of cost and estimated selling price less costs to sell.

| Financial instruments

| Financial instruments comprise financial assets and financial liabilities which are recognised when the company become a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using the effective interest method.The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

| Financial assets at cost compromise bank, trade debtors and other debtors. Financial liabilities compromise trade creditors, accruals and other creditors.

| Prentice Coaches Ltd. (Registered number: SC357651) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 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 balance sheet date.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future.

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

| Prentice Coaches Ltd. (Registered number: SC357651) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 27 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2024 | 2,318,845 |  |

| Additions | 305,624 |  |

| Disposals | (304,185 | ) |

| At 30 September 2025 | 2,320,284 |  |

| DEPRECIATION

| At 1 October 2024 | 1,365,029 |  |

| Charge for year | 156,817 |  |

| Eliminated on disposal | (263,039 | ) |

| At 30 September 2025 | 1,258,807 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,061,477 |  |

| At 30 September 2024 | 953,816 |  |

| Prentice Coaches Ltd. (Registered number: SC357651) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2024 | 1,045,563 |  |

| Additions | 305,000 |  |

| Transfer to ownership | (95,000 | ) |

| At 30 September 2025 | 1,255,563 |  |

| DEPRECIATION

| At 1 October 2024 | 346,972 |  |

| Charge for year | 94,167 |  |

| Transfer to ownership | (38,000 | ) |

| At 30 September 2025 | 403,139 |  |

| NET BOOK VALUE

| At 30 September 2025 | 852,424 |  |

| At 30 September 2024 | 698,591 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 89,454 |  | 68,632 |  |

| Other debtors | 6,859 |  | 6,916 |  |

96,313 |  | 75,548 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 12,786 |  | 13,294 |  |

| Hire purchase contracts | 182,018 |  | 185,055 |  |

| Trade creditors | 29,668 |  | 46,891 |  |

| Taxation and social security | 16,969 |  | 14,676 |  |

| Other creditors | 52,558 |  | 37,731 |  |

293,999 |  | 297,647 |  |

| Prentice Coaches Ltd. (Registered number: SC357651) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 401,931 |  | 249,014 |  |

8. | SECURED DEBTS

| The Royal Bank of Scotland plc hold a floating charge over the undertaking, all property and assets.