Loch Law Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Loch Law Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08102925 . The registered office is Oxford House, 15-17 Mount Ephraim Road, Tunbridge Wells, Kent, TN1 1EN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The following criteria must also be met before turnover is recognised.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

· the amount of turnover can be measured reliably;

· it is probable that the Company will receive the consideration due under the contract;

· the stage of completion of the contract at the end of the reporting period can be measured reliably; and

· the costs incurred and the costs to complete the contract can be measured reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their

useful lives on the following bases:

Software - 3 year straight line

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	4 year straight line
Fixtures & Fittings	5 year straight line
Computer Equipment	3 year straight line

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.

At each reporting period end date, the company reviews the carrying amounts of 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). 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.

Recoverable amount is the higher of fair value less costs to sell and 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.

...CONTINUED

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Loch Law Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 30 September 2025

2.4. Tangible Fixed Assets and Depreciation - continued

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. 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.

2.5. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 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.

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.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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Loch Law Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 30 September 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.9. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 26 (2024: 18)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	39,600
Disposals	(39,600 )

As at 30 September 2025	-

Amortisation
As at 1 April 2024	26,868
Provided during the period	12,732
Disposals	(39,600 )

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	-

As at 1 April 2024	12,732

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Loch Law Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 30 September 2025

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	1,371	33,600	61,198	96,169
Additions	-	3,816	14,956	18,772
Disposals	(1,371 )	-	-	(1,371 )

As at 30 September 2025	-	37,416	76,154	113,570

Depreciation
As at 1 April 2024	1,371	21,750	31,930	55,051
Provided during the period	-	6,209	23,325	29,534
Disposals	(1,371 )	-	-	(1,371 )

As at 30 September 2025	-	27,959	55,255	83,214

Net Book Value
As at 30 September 2025	-	9,457	20,899	30,356

As at 1 April 2024	-	11,850	29,268	41,118

6. Debtors

	30 September 2025	31 March 2024
	£	£
Due within one year
Trade debtors	781,985	915,309
Other debtors	446,311	244,664

	1,228,296	1,159,973

7. Creditors: Amounts Falling Due Within One Year

	30 September 2025	31 March 2024
	£	£
Trade creditors	149,529	132,248
Bank loans and overdrafts	5,813	5,716
Other loans	24,702	-
Other creditors	271,893	131,535
Taxation and social security	174,710	182,607

	626,647	452,106

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Loch Law Limited

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 30 September 2025

8. Creditors: Amounts Falling Due After More Than One Year

	30 September 2025	31 March 2024
	£	£
Bank loans	23,680	33,009
Other loans	110,558	-

	134,238	33,009

9. Share Capital

	30 September 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	230	230

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	30 September 2025	31 March 2024
	£	£
Later than one year and not later than five years	119,868	113,136

	119,868	113,136

11. Directors Advances, Credits and Guarantees

Included within Debtors are loans diue from directors. The balances at the beginning of the period were £4,469 and have been fully repaid in the period.

The above loans were unsecured, interest free and repayable on demand.

12. Related Party Transactions

At the balance sheet date, the balance due to HR Advise Me Limited (a fellow subsidiary company) was £149,165 (2024: £22,611). Additionally there is also a short-term loan from HR Advise Me Limited within other creditors of £50,000 (2024: £50,000).

13. Ultimate Parent Undertaking and Controlling Party

Loch Associates Group Limited is the immediate parent of the company. Its registered office is Oxford House, Mount Ephraim Road, Tunbridge Wells, Kent, TN1 1EN, where copies of its financial statements can be obtained.

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		30 September 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		12,732
Tangible Assets	5		30,356		41,118

			30,356		53,850
CURRENT ASSETS
Debtors	6	1,228,296		1,159,973
Cash at bank and in hand		222,856		197,600

		1,451,152		1,357,573
Creditors: Amounts Falling Due Within One Year	7	(626,647 )		(452,106 )

NET CURRENT ASSETS (LIABILITIES)			824,505		905,467

TOTAL ASSETS LESS CURRENT LIABILITIES			854,861		959,317

Creditors: Amounts Falling Due After More Than One Year	8		(134,238 )		(33,009 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,591 )		(10,281 )

NET ASSETS			713,032		916,027

CAPITAL AND RESERVES
Called up share capital	9		230		230
Profit and Loss Account			712,802		915,797

SHAREHOLDERS' FUNDS			713,032		916,027