REGISTERED NUMBER: SC661044 (Scotland)

Unaudited Financial Statements

for the Period 1 July 2025 to 31 December 2025

for

Reventas Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

10,790

18,162

CURRENT ASSETS

Debtors

5

320,587

332,915

Cash at bank

1,508,808

2,749,605

1,829,395

3,082,520

CREDITORS

Amounts falling due within one year

6

(310,564

)

(276,977

)

NET CURRENT ASSETS

1,518,831

2,805,543

TOTAL ASSETS LESS CURRENT LIABILITIES

1,529,621

2,823,705

CREDITORS

Amounts falling due after more than one year

7

(584,884

)

(525,585

)

PROVISIONS FOR LIABILITIES

(2,050

)

(3,451

)

NET ASSETS

942,687

2,294,669

CAPITAL AND RESERVES

Called up share capital

362

362

Share premium

4,146,495

4,146,495

Retained earnings

(3,204,170

)

(1,852,188

)

942,687

2,294,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 24 February 2026 and were signed on its behalf by:

T A Rose - Director

1.	STATUTORY INFORMATION

Reventas Limited is a private company, limited by shares, domiciled in Scotland, registration number SC661044. The registered office is Impact Technology Centre, Fraser Road, Kirkton Campus, Livingston, EH54 7BU.

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 represents net invoiced sales of goods in respect of the remanufacturing of plastic materials, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

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

Plant and machinery etc

-

25% on cost and 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Taxation

Taxation for the period 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 period 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

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.

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.

Going concern

The company is in the research phase of its life cycle. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 24 (2025 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2025

and 31 December 2025

58,811

DEPRECIATION

At 1 July 2025

33,397

Charge for period

14,624

At 31 December 2025

48,021

NET BOOK VALUE

At 31 December 2025

10,790

At 30 June 2025

25,414

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2025

and 31 December 2025

57,230

DEPRECIATION

At 1 July 2025

33,384

Charge for period

14,308

At 31 December 2025

47,692

NET BOOK VALUE

At 31 December 2025

9,538

At 30 June 2025

23,846

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.6.25

£

£

Other debtors

320,587

332,915

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.6.25

£

£

Hire purchase contracts

5,268

7,024

Trade creditors

72,027

21,840

Amounts owed to associates

71,790

98,112

Taxation and social security

52,834

41,525

Other creditors

108,645

108,476

310,564

276,977

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

30.6.25

£

£

Hire purchase contracts

18,551

20,307

Other creditors

566,333

505,278

584,884

525,585

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

30.6.25

£

£

Hire purchase contracts

23,819

27,331

Amounts due on HP are secured over the assets to which they relate.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was due £71,790 (2024: £242,453) to companies under common control.