Silverfin false false 31/10/2025 01/11/2024 31/10/2025 Neil Mackintosh 10/10/2019 Nicholas Stokes 10/10/2019 08 April 2026 The principal activity of the Company during the financial year was that of Caterham car hire. SC644109 2025-10-31 SC644109 bus:Director1 2025-10-31 SC644109 bus:Director2 2025-10-31 SC644109 2024-10-31 SC644109 core:CurrentFinancialInstruments 2025-10-31 SC644109 core:CurrentFinancialInstruments 2024-10-31 SC644109 core:Non-currentFinancialInstruments 2025-10-31 SC644109 core:Non-currentFinancialInstruments 2024-10-31 SC644109 core:ShareCapital 2025-10-31 SC644109 core:ShareCapital 2024-10-31 SC644109 core:RevaluationReserve 2025-10-31 SC644109 core:RevaluationReserve 2024-10-31 SC644109 core:RetainedEarningsAccumulatedLosses 2025-10-31 SC644109 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC644109 core:Goodwill 2024-10-31 SC644109 core:Goodwill 2025-10-31 SC644109 core:PlantMachinery 2024-10-31 SC644109 core:Vehicles 2024-10-31 SC644109 core:PlantMachinery 2025-10-31 SC644109 core:Vehicles 2025-10-31 SC644109 bus:OrdinaryShareClass1 2025-10-31 SC644109 2024-11-01 2025-10-31 SC644109 bus:FilletedAccounts 2024-11-01 2025-10-31 SC644109 bus:SmallEntities 2024-11-01 2025-10-31 SC644109 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 SC644109 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 SC644109 bus:Director1 2024-11-01 2025-10-31 SC644109 bus:Director2 2024-11-01 2025-10-31 SC644109 core:Goodwill core:TopRangeValue 2024-11-01 2025-10-31 SC644109 core:PlantMachinery core:TopRangeValue 2024-11-01 2025-10-31 SC644109 core:Vehicles 2024-11-01 2025-10-31 SC644109 2023-11-01 2024-10-31 SC644109 core:PlantMachinery 2024-11-01 2025-10-31 SC644109 core:Non-currentFinancialInstruments 2024-11-01 2025-10-31 SC644109 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 SC644109 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC644109 (Scotland)

# HIGHLAND CATERHAM HIRE LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH THE REGISTRAR

HIGHLAND CATERHAM HIRE LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

Contents

HIGHLAND CATERHAM HIRE LIMITED

## BALANCE SHEET

AS AT 31 OCTOBER 2025
HIGHLAND CATERHAM HIRE LIMITED

## BALANCE SHEET (continued)

AS AT 31 OCTOBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 112,896 |  | 72,372
|  | 112,896 |  | 72,372
Current assets |  |  |  |
Debtors | 5 | 6,600 |  | 0
Cash at bank and in hand |  | 9,739 |  | 31,731
|  | 16,339 |  | 31,731
Creditors: amounts falling due within one year | 6 | ( 38,093) |  | ( 43,830)
Net current liabilities |  | (21,754) |  | (12,099)
Total assets less current liabilities |  | 91,142 |  | 60,273
Creditors: amounts falling due after more than one year | 7 | ( 3,038) |  | ( 7,112)
Provision for liabilities |  | ( 20,019) |  | ( 13,644)
Net assets |  | 68,085 |  | 39,517
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Revaluation reserve |  | 36,350 |  | 24,733
Profit and loss account |  | 31,635 |  | 14,684
Total shareholders' funds |  | 68,085 |  | 39,517

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Highland Caterham Hire Limited (registered number: SC644109) were approved and authorised for issue by the Board of Directors on 08 April 2026. They were signed on its behalf by:

Neil Mackintosh Director |  | Nicholas Stokes Director

HIGHLAND CATERHAM HIRE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
HIGHLAND CATERHAM HIRE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Highland Caterham Hire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit 18 Chanonry Road North, Elgin, IV30 6NB, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 4 years straight line
Vehicles | 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

##### Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 November 2024 | 4,000 |  | 4,000
At 31 October 2025 | 4,000 |  | 4,000
Accumulated amortisation |  |  |
At 01 November 2024 | 4,000 |  | 4,000
At 31 October 2025 | 4,000 |  | 4,000
Net book value |  |  |
At 31 October 2025 | 0 |  | 0
At 31 October 2024 | 0 |  | 0

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 November 2024 | 1,725 |  | 78,366 |  | 80,091
Additions | 0 |  | 42,605 |  | 42,605
Revaluations | 0 |  | 11,160 |  | 11,160
Disposals | 0 |  | ( 20,000) |  | ( 20,000)
At 31 October 2025 | 1,725 |  | 112,131 |  | 113,856
Accumulated depreciation |  |  |  |  |
At 01 November 2024 | 528 |  | 7,191 |  | 7,719
Charge for the financial year | 432 |  | 7,672 |  | 8,104
Adjustments on revaluations | 0 |  | ( 12,863) |  | ( 12,863)
Disposals | 0 |  | ( 2,000) |  | ( 2,000)
At 31 October 2025 | 960 |  | 0 |  | 960
Net book value |  |  |  |  |
At 31 October 2025 | 765 |  | 112,131 |  | 112,896
At 31 October 2024 | 1,197 |  | 71,175 |  | 72,372

Revaluation of tangible assets

The fair value of the vehicles was reflected in the financial statements at 31 October 2025.

| 2025 |  | 2024
| £ |  | £
Historical cost | 100,971 |  | 78,366
Accumulated depreciation | (25,190) |  | (31,924)
Carrying value | 75,781 |  | 46,442

The carrying value represents the historical cost of the Tangible Fixed Assets if they were not revalued.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 6,600 |  | 0

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 4,050 |  | 4,050
Taxation and social security | 8,214 |  | 3,628
Other creditors | 25,829 |  | 36,152
| 38,093 |  | 43,830

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 3,038 |  | 7,112

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to key management personnel | 679 |  | 16,426

The above balance is interest free and has no fixed repayment terms.