Silverfin false false 31/12/2025 01/01/2025 31/12/2025 Tijana Berlafa 18/09/2020 Duncan Bonner 01/08/2020 David Christie 08/12/2020 20 April 2026 The principal activity of the company continued to be that of training and consultancy SC469577 2025-12-31 SC469577 bus:Director1 2025-12-31 SC469577 bus:Director2 2025-12-31 SC469577 bus:Director3 2025-12-31 SC469577 2024-12-31 SC469577 core:CurrentFinancialInstruments 2025-12-31 SC469577 core:CurrentFinancialInstruments 2024-12-31 SC469577 core:Non-currentFinancialInstruments 2025-12-31 SC469577 core:Non-currentFinancialInstruments 2024-12-31 SC469577 core:ShareCapital 2025-12-31 SC469577 core:ShareCapital 2024-12-31 SC469577 core:RetainedEarningsAccumulatedLosses 2025-12-31 SC469577 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC469577 core:OtherPropertyPlantEquipment 2024-12-31 SC469577 core:OtherPropertyPlantEquipment 2025-12-31 SC469577 core:CostValuation 2024-12-31 SC469577 core:CostValuation 2025-12-31 SC469577 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2025-12-31 SC469577 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-12-31 SC469577 core:MoreThanFiveYears 2025-12-31 SC469577 core:MoreThanFiveYears 2024-12-31 SC469577 bus:OrdinaryShareClass1 2025-12-31 SC469577 2025-01-01 2025-12-31 SC469577 bus:FilletedAccounts 2025-01-01 2025-12-31 SC469577 bus:SmallEntities 2025-01-01 2025-12-31 SC469577 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 SC469577 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC469577 bus:Director1 2025-01-01 2025-12-31 SC469577 bus:Director2 2025-01-01 2025-12-31 SC469577 bus:Director3 2025-01-01 2025-12-31 SC469577 core:OtherPropertyPlantEquipment core:TopRangeValue 2025-01-01 2025-12-31 SC469577 2024-01-01 2024-12-31 SC469577 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 SC469577 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 SC469577 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC469577 (Scotland)

# ASSURANCE OF LEARNING LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

ASSURANCE OF LEARNING LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

ASSURANCE OF LEARNING LIMITED

## BALANCE SHEET

As at 31 December 2025
ASSURANCE OF LEARNING LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 0 |  | 11
Investments | 4 | 130,650 |  | 130,650
|  | 130,650 |  | 130,661
Current assets |  |  |  |
Debtors | 5 | 9,210 |  | 4,806
Cash at bank and in hand |  | 0 |  | 5,369
|  | 9,210 |  | 10,175
Creditors: amounts falling due within one year | 6 | ( 142,108) |  | ( 140,779)
Net current liabilities |  | (132,898) |  | (130,604)
Total assets less current liabilities |  | (2,248) |  | 57
Creditors: amounts falling due after more than one year | 7 | ( 8,934) |  | ( 11,316)
Net liabilities |  | ( 11,182) |  | ( 11,259)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 99 |  | 99
Profit and loss account |  | ( 11,281 ) |  | ( 11,358 )
Total shareholders' deficit |  | ( 11,182) |  | ( 11,259)

For the financial year ending 31 December 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 Profit and Loss Account has not been delivered.

The financial statements of Assurance of Learning Limited (registered number: SC469577) were approved and authorised for issue by the Board of Directors on 20 April 2026. They were signed on its behalf by:

Duncan Bonner Director |

ASSURANCE OF LEARNING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
ASSURANCE OF LEARNING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Assurance of Learning 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 Fenton, Upper Lochton, Banchory, AB31 4ES, 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 financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for at least twelve months from the date of signing the financial statements. This assumption is based upon assurances received from the directors that it is their intention to provide such assistance as is required to enable the Company to meet its financial commitments. If the Company were unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### Taxation

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.

##### 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 etc. | 4 years straight line

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.

##### Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

##### 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 creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 4 |  | 4

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 74 |  | 74
At 31 December 2025 | 74 |  | 74
Accumulated depreciation |  |  |
At 01 January 2025 | 63 |  | 63
Charge for the financial year | 11 |  | 11
At 31 December 2025 | 74 |  | 74
Net book value |  |  |
At 31 December 2025 | 0 |  | 0
At 31 December 2024 | 11 |  | 11

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 January 2025 | 130,650
At 31 December 2025 | 130,650
Carrying value at 31 December 2025 | 130,650
Carrying value at 31 December 2024 | 130,650

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 9,201 |  | 4,797
Other debtors | 9 |  | 9
| 9,210 |  | 4,806

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

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 3,481 |  | 2,382
Trade creditors | 163 |  | 11
Amounts owed to own subsidiaries | 69,007 |  | 0
Other taxation and social security | 4,101 |  | 5,844
Other creditors | 65,356 |  | 132,542
| 142,108 |  | 140,779

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 8,934 |  | 11,316

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Bank loans (repayable by instalments) | 0 |  | 1,588

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
99 Ordinary shares of £ 1.00 each | 99 |  | 99

#### 9. Related party transactions

Transactions with the entity's directors

As at 31 December 2025 the company was due the directors net amounts totaling £62,605 (2024 - £130,000). These loans are interest free with no set repayment terms.