IRIS Accounts Production v25.4.0.155 SC235052 Board of Directors 1.10.24 30.9.25 30.9.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC235052 2024-09-30 SC235052 2025-09-30 SC235052 2024-10-01 2025-09-30 SC235052 2023-09-30 SC235052 2023-10-01 2024-09-30 SC235052 2024-09-30 SC235052 ns15:Scotland 2024-10-01 2025-09-30 SC235052 ns14:PoundSterling 2024-10-01 2025-09-30 SC235052 ns10:Director1 2024-10-01 2025-09-30 SC235052 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC235052 ns10:SmallEntities 2024-10-01 2025-09-30 SC235052 ns10:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC235052 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 SC235052 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC235052 ns10:FullAccounts 2024-10-01 2025-09-30 SC235052 1 2024-10-01 2025-09-30 SC235052 ns10:Director2 2024-10-01 2025-09-30 SC235052 ns10:CompanySecretary1 2024-10-01 2025-09-30 SC235052 ns10:RegisteredOffice 2024-10-01 2025-09-30 SC235052 ns5:CurrentFinancialInstruments 2025-09-30 SC235052 ns5:CurrentFinancialInstruments 2024-09-30 SC235052 ns5:Non-currentFinancialInstruments 2025-09-30 SC235052 ns5:Non-currentFinancialInstruments 2024-09-30 SC235052 ns5:ShareCapital 2025-09-30 SC235052 ns5:ShareCapital 2024-09-30 SC235052 ns5:RevaluationReserve 2025-09-30 SC235052 ns5:RevaluationReserve 2024-09-30 SC235052 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 SC235052 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 SC235052 ns5:IntangibleAssetsOtherThanGoodwill 2024-10-01 2025-09-30 SC235052 ns5:ComputerSoftware 2024-10-01 2025-09-30 SC235052 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-10-01 2025-09-30 SC235052 ns5:PlantMachinery 2024-10-01 2025-09-30 SC235052 ns5:FurnitureFittings 2024-10-01 2025-09-30 SC235052 ns5:MotorVehicles 2024-10-01 2025-09-30 SC235052 ns5:ComputerEquipment 2024-10-01 2025-09-30 SC235052 ns5:IntangibleAssetsOtherThanGoodwill 2024-09-30 SC235052 ns5:IntangibleAssetsOtherThanGoodwill 2025-09-30 SC235052 ns5:IntangibleAssetsOtherThanGoodwill 2024-09-30 SC235052 ns5:LandBuildings 2024-09-30 SC235052 ns5:PlantMachinery 2024-09-30 SC235052 ns5:FurnitureFittings 2024-09-30 SC235052 ns5:LandBuildings 2024-10-01 2025-09-30 SC235052 ns5:LandBuildings 2025-09-30 SC235052 ns5:PlantMachinery 2025-09-30 SC235052 ns5:FurnitureFittings 2025-09-30 SC235052 ns5:LandBuildings 2024-09-30 SC235052 ns5:PlantMachinery 2024-09-30 SC235052 ns5:FurnitureFittings 2024-09-30 SC235052 ns5:MotorVehicles 2024-09-30 SC235052 ns5:ComputerEquipment 2024-09-30 SC235052 ns5:MotorVehicles 2025-09-30 SC235052 ns5:ComputerEquipment 2025-09-30 SC235052 ns5:MotorVehicles 2024-09-30 SC235052 ns5:ComputerEquipment 2024-09-30 SC235052 ns5:CostValuation 2024-09-30 SC235052 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-09-30 SC235052 ns5:CostValuation 2025-09-30 SC235052 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 SC235052 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 SC235052 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2025-09-30 SC235052 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2024-09-30 SC235052 ns5:DeferredTaxation 2024-09-30 SC235052 ns5:DeferredTaxation 2024-10-01 2025-09-30 SC235052 ns5:DeferredTaxation 2025-09-30 SC235052 ns5:RevaluationReserve 2024-09-30 SC235052 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-09-30 SC235052 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-09-30 SC235052 ns10:Director1 1 2024-09-30 SC235052 ns10:Director1 1 2023-09-30 SC235052 ns10:Director1 1 2024-10-01 2025-09-30 SC235052 ns10:Director1 1 2023-10-01 2024-09-30 SC235052 ns10:Director1 1 2025-09-30 SC235052 ns10:Director1 1 2024-09-30

REGISTERED NUMBER: SC235052 (Scotland)

| Unaudited Financial Statements |

| For The Year Ended 30 September 2025 |

| for |

| Belgica UK Limited |

| Belgica UK Limited (Registered number: SC235052) |

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 |

| Chartered Accountants' Report | 10 |

| Belgica UK Limited |

Company Information

For The Year Ended 30 September 2025

| DIRECTORS: | S J Edmonston

| M K Tjondronegoro

| SECRETARY: | J Mickel

| REGISTERED OFFICE: | 1 Cambuslang Court

| Cambuslang

| Glasgow

| Strathclyde

| G32 8FH

| REGISTERED NUMBER: | SC235052 (Scotland)

| ACCOUNTANTS: | Atkinson Donnelly LLP

| 1 Cambuslang Court

| Cambuslang

| Glasgow

| Strathclyde

| G32 8FH

| Belgica UK Limited (Registered number: SC235052) |

Balance Sheet

30 September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,015,660 |  | 749,669 |  |

Investments | 6 | 657,694 |  | 500,000 |  |

1,673,354 |  | 1,249,669 |  |

CURRENT ASSETS

Stocks | 487,430 |  | 407,558 |  |

Debtors | 7 | 333,268 |  | 407,030 |  |

Cash at bank and in hand | 133,133 |  | 301,612 |  |

953,831 |  | 1,116,200 |  |

CREDITORS

Amounts falling due within one year | 8 | 567,996 |  | 746,635 |  |

NET CURRENT ASSETS | 385,835 |  | 369,565 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,059,189 |  | 1,619,234 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (114,923 | ) | (96,697 | ) |

PROVISIONS FOR LIABILITIES | 11 | (132,871 | ) | (16,566 | ) |

NET ASSETS | 1,811,395 |  | 1,505,971 |  |

| Belgica UK Limited (Registered number: SC235052) |

Balance Sheet - continued

30 September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 126,668 |  | 126,668 |  |

Revaluation reserve | 12 | 238,484 |  | 63,784 |  |

Fair value reserve | 12 | 118,271 |  | - |  |

Retained earnings | 1,327,972 |  | 1,315,519 |  |

1,811,395 |  | 1,505,971 |  |

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.

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 17 March 2026 and were signed on its behalf by:

M K Tjondronegoro - Director

| Belgica UK Limited (Registered number: SC235052) |

Notes to the Financial Statements

For The Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| Belgica UK 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.

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 as modified by the revaluation of certain assets.

| Turnover

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of five 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.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 15% on reducing balance

| Computer equipment | - | 20% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and Bank Balances

| Cash and bank balances are measured at the transaction price.

| Belgica UK Limited (Registered number: SC235052) |

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

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 32 (2024 - 39 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 20,380 |  |

| AMORTISATION

| At 1 October 2024

| and 30 September 2025 | 20,380 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 30 September 2024 | - |  |

| Belgica UK Limited (Registered number: SC235052) |

Notes to the Financial Statements - continued

For The Year Ended 30 September 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 718,199 |  | 18,711 |  | 131,262 |  |

| Additions | - |  | 12,828 |  | - |  |

| Disposals | - |  | (7,395 | ) | (4,798 | ) |

| Revaluations | 239,233 |  | - |  | - |  |

| At 30 September 2025 | 957,432 |  | 24,144 |  | 126,464 |  |

| DEPRECIATION

| At 1 October 2024 | 57,432 |  | 15,169 |  | 122,306 |  |

| Charge for year | - |  | 2,028 |  | 834 |  |

| Eliminated on disposal | - |  | (7,395 | ) | (1,400 | ) |

| At 30 September 2025 | 57,432 |  | 9,802 |  | 121,740 |  |

| NET BOOK VALUE

| At 30 September 2025 | 900,000 |  | 14,342 |  | 4,724 |  |

| At 30 September 2024 | 660,767 |  | 3,542 |  | 8,956 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 191,313 |  | 24,997 |  | 1,084,482 |  |

| Additions | 42,490 |  | 2,517 |  | 57,835 |  |

| Disposals | (37,500 | ) | - |  | (49,693 | ) |

| Revaluations | - |  | - |  | 239,233 |  |

| At 30 September 2025 | 196,303 |  | 27,514 |  | 1,331,857 |  |

| DEPRECIATION

| At 1 October 2024 | 123,206 |  | 16,700 |  | 334,813 |  |

| Charge for year | 15,806 |  | 3,790 |  | 22,458 |  |

| Eliminated on disposal | (32,279 | ) | - |  | (41,074 | ) |

| At 30 September 2025 | 106,733 |  | 20,490 |  | 316,197 |  |

| NET BOOK VALUE

| At 30 September 2025 | 89,570 |  | 7,024 |  | 1,015,660 |  |

| At 30 September 2024 | 68,107 |  | 8,297 |  | 749,669 |  |

| Belgica UK Limited (Registered number: SC235052) |

Notes to the Financial Statements - continued

For The Year Ended 30 September 2025

5. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 30 September 2025 is represented by:

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| Valuation in 2025 | 239,233 |  | - |  | - |  |

| Cost | 718,199 |  | 24,144 |  | 126,464 |  |

957,432 |  | 24,144 |  | 126,464 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| Valuation in 2025 | - |  | - |  | 239,233 |  |

| Cost | 196,303 |  | 27,514 |  | 1,092,624 |  |

196,303 |  | 27,514 |  | 1,331,857 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 October 2024 | 500,000 |  |

| Revaluations | 157,694 |  |

| At 30 September 2025 | 657,694 |  |

| NET BOOK VALUE

| At 30 September 2025 | 657,694 |  |

| At 30 September 2024 | 500,000 |  |

| Cost or valuation at 30 September 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2025 | 157,694 |  |

| Cost | 500,000 |  |

657,694 |  |

| Belgica UK Limited (Registered number: SC235052) |

Notes to the Financial Statements - continued

For The Year Ended 30 September 2025

7. | DEBTORS

| 30.9.25 |  | 30.9.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 7,620 |  | 5,400 |  |

| Other debtors | 279,117 |  | 296,979 |  |

286,737 |  | 302,379 |  |

| Amounts falling due after more than one year:

| Other debtors | 46,531 |  | 104,651 |  |

| Aggregate amounts | 333,268 |  | 407,030 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans and overdrafts | 48,327 |  | 30,099 |  |

| Hire purchase contracts | 9,437 |  | 67,283 |  |

| Trade creditors | 227,390 |  | 280,077 |  |

| Taxation and social security | 125,203 |  | 177,298 |  |

| Other creditors | 157,639 |  | 191,878 |  |

567,996 |  | 746,635 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans | 89,779 |  | 96,697 |  |

| Hire purchase contracts | 25,144 |  | - |  |

114,923 |  | 96,697 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loans | 138,106 |  | 126,796 |  |

| The bank hold the following securities:

| 1. The property known as and forming units 4-10 Grangemouth Road, EH51 0PU.

| 2. Bond and floating charge covers the whole assets of the company.

| Belgica UK Limited (Registered number: SC235052) |

Notes to the Financial Statements - continued

For The Year Ended 30 September 2025

11. | PROVISIONS FOR LIABILITIES

| 30.9.25 |  | 30.9.24

£ | £ |

| Deferred tax | 132,871 |  | 16,566 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 16,566 |  |

| Provided during year | 116,305 |  |

| Balance at 30 September 2025 | 132,871 |  |

12. | RESERVES

| Fair |

| Revaluation |  | value |

| reserve |  | reserve |  | Totals

£ | £ | £ |

| At 1 October 2024 | 63,784 |  | - |  | 63,784 |  |

| Asset revaluation | 239,233 |  | 157,695 |  | 396,928 |  |

| Deferred tax | (64,533 | ) | (39,424 | ) | (103,957 | ) |

| At 30 September 2025 | 238,484 |  | 118,271 |  | 356,755 |  |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

| 30.9.25 |  | 30.9.24

£ | £ |

| M K Tjondronegoro

| Balance outstanding at start of year | 162,316 |  | 55,244 |  |

| Amounts advanced | 115,410 |  | 214,460 |  |

| Amounts repaid | (119,711 | ) | (107,388 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 158,015 |  | 162,316 |  |

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Belgica UK Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Belgica UK Limited for the year ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, 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 Board of Directors of Belgica UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Belgica UK Limited and state those matters that we have agreed to state to the Board of Directors of Belgica UK Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Belgica UK Limited 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 Belgica UK Limited. You consider that Belgica UK Limited 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 Belgica UK Limited. 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

17 March 2026