Company registration number SC802850 (Scotland)
US EAGLE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
US EAGLE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
US EAGLE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investments
3
50
Current assets
Debtors
4
4,138,489
Cash at bank and in hand
145,684
4,284,173
Creditors: amounts falling due within one year
5
(62,925)
Net current assets
4,221,248
Net assets
4,221,298
Capital and reserves
Called up share capital
6
100
Other reserves
7
4,062,305
Profit and loss reserves
158,893
Total equity
4,221,298

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 11 March 2026 and are signed on its behalf by:
M SCHUTTE
M ULLIMAN
Mr M Schutte
Mr M Ulliman
Director
Director
Company registration number SC802850 (Scotland)
US EAGLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

US Eagle Limited is a private company limited by shares incorporated in Scotland. The registered office is Atria One, 144 Morrison Street, Edinburgh, United Kingdom, EH3 8EX.

1.1
Reporting period

The company was incorporated on 13 March 2024. These accounts cover the period from the date of incorporation to 31 March 2025.

1.2
Basis of preparation

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts 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.

1.3
Going concern

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

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities 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 profit or loss.

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.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

US EAGLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Equity instruments

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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9

Interest Income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
2
3
Fixed asset investments
2025
£
Investments in associates
50
US EAGLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 13 March 2024
-
Additions
50
At 31 March 2025
50
Carrying amount
At 31 March 2025
50
4
Debtors
2025
Amounts falling due within one year:
£
Amounts owed by group undertakings
3,904,950
Prepayments and accrued income
233,539
4,138,489
5
Creditors: amounts falling due within one year
2025
£
Corporation tax
56,471
Accruals and deferred income
6,454
62,925
6
Share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
100 Ord shares of £1 each
100
100
US EAGLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 5 -
7
Related party transactions

During the period, the company made advances of £399,950 to an associate. No credits were received, which resulted in amounts due to the company at the period end of £399,950. There are no set repayment terms, nor is interest charged on the balance.

During the period, the company made advances of £3,505,000 to an associate. No credits were received, which resulted in amounts due to the company at the period end of £3,505,000. The loan bears interest at a rate of 8% per annum and is repayable on 31 May 2029.

During the period, the company received £203,115 from a shareholder. The loan is non-interest bearing and there is no contractual obligation for the company to deliver cash at any future date, and is repayable only at the company's discretion. The loan has therefore been classified as equity, within other reserves.

During the period, the company received £203,115 from a shareholder. The loan is non-interest bearing and there is no contractual obligation for the company to deliver cash at any future date, and is repayable only at the company's discretion. The loan has therefore been classified as equity, within other reserves.

During the period, the company received £3,656,075 from a shareholder. The loan is non-interest bearing and there is no contractual obligation for the company to deliver cash at any future date, and is repayable only at the company's discretion. The loan has therefore been classified as equity, within other reserves.

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