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REGISTERED NUMBER: SC143561 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| GYM RENTAL COMPANY LTD |

GYM RENTAL COMPANY LTD (REGISTERED NUMBER: SC143561)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |  | to |  | 6

Chartered Accountants' Report | 7 |

GYM RENTAL COMPANY LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTOR: | Mr G Ross

| REGISTERED OFFICE: | 4 Wellington Circle

| Altens

| ABERDEEN

| AB12 3JG

| REGISTERED NUMBER: | SC143561 (Scotland)

| ACCOUNTANTS: | Bain Henry Reid

| Chartered Accountants

| 4 West Craibstone Street

| Bon-Accord Square

| ABERDEEN

| AB11 6YL

GYM RENTAL COMPANY LTD (REGISTERED NUMBER: SC143561)

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 3,603,240 |  | 3,884,407 |  |

3,603,240 |  | 3,884,407 |  |

CURRENT ASSETS

Stocks | 177,568 |  | 139,049 |  |

Debtors | 6 | 330,465 |  | 368,928 |  |

Cash at bank and in hand | 251,589 |  | 179,145 |  |

759,622 |  | 687,122 |  |

CREDITORS

Amounts falling due within one year | 7 | 809,617 |  | 926,889 |  |

NET CURRENT LIABILITIES | (49,995 | ) | (239,767 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,553,245 |  | 3,644,640 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (166,961 | ) | (598,379 | ) |

PROVISIONS FOR LIABILITIES | (376,286 | ) | (367,769 | ) |

NET ASSETS | 3,009,998 |  | 2,678,492 |  |

CAPITAL AND RESERVES

Called up share capital | 33,333 |  | 33,333 |  |

Retained earnings | 2,976,665 |  | 2,645,159 |  |

SHAREHOLDERS' FUNDS | 3,009,998 |  | 2,678,492 |  |

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

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

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 9 March 2026 and were signed by:

Mr G Ross - Director

GYM RENTAL COMPANY LTD (REGISTERED NUMBER: SC143561)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Gym Rental Company 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

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from the sale of goods and hire of equipment.

| Sale of goods

| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for delivery of the goods.

| Hire of equipment

| Turnover from the hire of equipment is recognised on a straight line basis over the term of the relevant lease.

| Goodwill

| Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separate net assets. Goodwill is being amortised evenly over its estimated useful life of six years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Equipment, fixtures & fittings | - | 25% on cost

| Motor vehicles | - | 20% on reducing balance

| Hire equipment | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less costs to sell.

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

| 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.

GYM RENTAL COMPANY LTD (REGISTERED NUMBER: SC143561)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 13 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 24,475 |  |

| AMORTISATION

| At 1 July 2024

| and 30 June 2025 | 24,475 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 596,567 |  | 14,383,452 |  | 14,980,019 |  |

| Additions | - |  | 1,112,810 |  | 1,112,810 |  |

| Disposals | - |  | (150,282 | ) | (150,282 | ) |

| At 30 June 2025 | 596,567 |  | 15,345,980 |  | 15,942,547 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 11,095,612 |  | 11,095,612 |  |

| Charge for year | - |  | 1,293,406 |  | 1,293,406 |  |

| Eliminated on disposal | - |  | (49,711 | ) | (49,711 | ) |

| At 30 June 2025 | - |  | 12,339,307 |  | 12,339,307 |  |

| NET BOOK VALUE

| At 30 June 2025 | 596,567 |  | 3,006,673 |  | 3,603,240 |  |

| At 30 June 2024 | 596,567 |  | 3,287,840 |  | 3,884,407 |  |

GYM RENTAL COMPANY LTD (REGISTERED NUMBER: SC143561)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

5. | 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 July 2024 | 3,297,014 |  |

| Disposals | (9,980 | ) |

| At 30 June 2025 | 3,287,034 |  |

| DEPRECIATION

| At 1 July 2024 | 2,841,814 |  |

| Charge for year | 127,325 |  |

| Eliminated on disposal | (9,980 | ) |

| At 30 June 2025 | 2,959,159 |  |

| NET BOOK VALUE

| At 30 June 2025 | 327,875 |  |

| At 30 June 2024 | 455,200 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 321,743 |  | 358,290 |  |

| Other debtors | 8,722 |  | 10,638 |  |

330,465 |  | 368,928 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 431,205 |  | 573,202 |  |

| Trade creditors | 129,580 |  | 125,010 |  |

| Taxation and social security | 239,844 |  | 218,919 |  |

| Other creditors | 8,988 |  | 9,758 |  |

809,617 |  | 926,889 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 166,961 |  | 598,379 |  |

GYM RENTAL COMPANY LTD (REGISTERED NUMBER: SC143561)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 598,166 |  | 1,171,581 |  |

| Net obligations under hire purchase contracts are secured on the assets acquired.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

GYM RENTAL COMPANY LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gym Rental Company Ltd for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Gym Rental Company Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gym Rental Company Ltd and state those matters that we have agreed to state to the director of Gym Rental Company Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gym Rental Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gym Rental Company Ltd. You consider that Gym Rental Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gym Rental Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

9 March 2026