ACQUIRE-X LIMITED


Directors	RUSHTON, Benjamin Paul
	RUSHTON, Paul Kevin


Company Secretary	ABERDEIN CONSIDINE SECRETARIAL SERVICES LIMITED


Registered Address	River Court
	5 West Victoria Dock Road
	Dundee
	DD1 3JT


Registered Number	SC795465 (Scotland)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		7,236,478		7,236,478
			7,236,478		7,236,478
Current assets
Debtors	5	463		438
Cash at bank and on hand		90,390		116,599
		90,853		117,037
Creditors amounts falling due within one year	6	(2,753,224)		(4,325,874)
Net current assets (liabilities)			(2,662,371)		(4,208,837)
Total assets less current liabilities			4,574,107		3,027,641
Net assets			4,574,107		3,027,641
Capital and reserves
Called up share capital			100		100
Profit and loss account			4,574,007		3,027,541
Shareholders' funds			4,574,107		3,027,641

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 22 May 2026, and are signed on its behalf by:

RUSHTON, Paul Kevin
Director
Registered Company No. SC795465

ACQUIRE-X LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	Current taxation
	Current tax is recognised in profit or loss. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 25	7,236,478
	At 31 December 25	7,236,478
	Net book value
	At 31 December 25	7,236,478
	At 31 December 24	7,236,478

4.	Fixed asset investments

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	463	438
Total	463	438

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	3,676
Amounts owed to related parties	1,983,843	3,058,843
Taxation and social security	19,383	13,357
Other creditors	749,998	1,249,998
Total	2,753,224	4,325,874

7.	Related party transactions
	The company owns 100% of the share capital of All Timberlines Limited. At 31 December 2025, the company owed a balance of £1,983,843 (2024 - £3,059,563) to this entity which is presented as a liability in the financial statements. During the year, an income of £120,000 (2024 - £70,000) had been received by the company from All Timberlines Limited. The company also received dividends totalling £1,500,000 (2024 - £3,000,000) from All Timberlines Limited during the year. Apart from this, there were no other transactions with related parties during the year.

Related party transactions

The company owns 100% of the share capital of All Timberlines Limited. At 31 December 2025, the company owed a balance of £1,983,843 (2024 - £3,059,563) to this entity which is presented as a liability in the financial statements. During the year, an income of £120,000 (2024 - £70,000) had been received by the company from All Timberlines Limited. The company also received dividends totalling £1,500,000 (2024 - £3,000,000) from All Timberlines Limited during the year.

Apart from this, there were no other transactions with related parties during the year.