REGISTERED NUMBER: SC400113 (Scotland)

Directors' Report and

Unaudited Financial Statements for the Year Ended 31st December 2025

for

Payplan (Scotland) Limited

Page

Company Information

1

Directors' Report

2

Statement of Income and Retained Earnings

3

Statement of Financial Position

4

Notes to the Financial Statements

5

DIRECTORS:

Mrs R E Duffey

Mr J Fairhurst

Mr N T Payne

SECRETARY:

Mrs H Briggs

REGISTERED OFFICE:

Level 4

9 Haymarket Square

Edinburgh

EH3 8RY

REGISTERED NUMBER:

SC400113 (Scotland)

The directors present their annual report with the audited financial statements of the company for the year ended 31st December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company during the year was the administration of Scottish insolvency cases.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2025 to the date of this report.

Mrs R E Duffey

Mr J Fairhurst

Mr N T Payne

DIRECTORS' INDEMNITIES

Totemic (2014) Holdings Limited provided qualifying third-party indemnity provisions on behalf of all directors and officers for all members of the Totemic (2014) Holdings group of companies including this company during the year. From 12 December 2025, Ravenco 1 Limited provides qualifying third-party indemnity provisions on behalf of all directors and officers for all members of the Ravenco group of companies including this company and this remains in force at the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

APPROVED AND SIGNED ON BEHALF OF THE BOARD:

Mrs R E Duffey - Director

2nd June 2026

TURNOVER

590,394

534,466

Cost of sales

(179,187

)

(168,425

)

GROSS PROFIT

411,207

366,041

Administrative expenses

(403,148

)

(343,560

)

OPERATING PROFIT and

PROFIT BEFORE TAXATION

8,059

22,481

Tax on profit

304

1,299

PROFIT FOR THE FINANCIAL YEAR

8,363

23,780

Retained earnings at beginning of year

197,776

173,996

RETAINED EARNINGS AT END OF YEAR

206,139

197,776

CURRENT ASSETS

Debtors

4

215,452

202,552

Cash at bank

26,585

8,682

242,037

211,234

CREDITORS

Amounts falling due within one year

5

(35,798

)

(13,358

)

NET CURRENT ASSETS

206,239

197,876

TOTAL ASSETS LESS CURRENT LIABILITIES

206,239

197,876

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

206,139

197,776

SHAREHOLDER FUNDS

206,239

197,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd June 2026 and were signed on its behalf by:

Mrs R E Duffey - Director

1.	STATUTORY INFORMATION

Payplan (Scotland) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The directors have considered the appropriateness of adopting the going concern basis in preparation of these financial statements. Having considered the risks and uncertainties to which the company is subject, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of approval of the financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

The directors believe there are no critical judgements in applying the company's accounting policies and no key sources of estimation uncertainty which impact on the financial statements of the company.

Turnover

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. 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

Financial assets including trade debtors, are initially recognised at transaction cost which is considered to be fair value and subsequently held at amortised cost. At each statement of financial position date the company assesses whether there is objective evidence that a financial asset has become impaired. Impairment losses are recorded as charges in the income statement and the carrying amount of the financial asset is reduced by establishing an impairment loss provision. Impairment loss provisions are maintained at the level that management deems sufficient to absorb incurred losses. Financial assets are subsequently carried at transaction cost less provision for impairment.

Financial liabilities

Financial liabilities are presented as such in the statement of financial position. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Finance costs and gains or losses relating to financial liabilities are included in the income statement. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Dividends and distributions relating to equity instruments are debited directly to equity.

Taxation

Current tax, including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying differences can be deducted; and

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the statement of financial position date.

Pension costs and other post-retirement benefits

The company make contributions to employees' personal pension schemes which are defined contribution schemes. The annual contributions payable are charged in the Income Statement.

Client bank accounts

The company holds money in trust on behalf of clients in client bank accounts, which along with the related liability are not included in these financial statements.

At 31st December 2025 the company held £146,134 (2024: £101,179) in client bank accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

4.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

211,850

175,002

Amounts owed by group undertakings

-

24,068

Other debtors

-

184

211,850

199,254

Amounts falling due after more than one year:

Other debtors

3,602

3,298

Aggregate amounts

215,452

202,552

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,874

11,935

Amounts owed to group undertakings

24,677

-

Taxation and social security

38

-

Other creditors

2,209

1,423

35,798

13,358

6.	CONTINGENT LIABILITIES

7.	ULTIMATE CONTROLLING PARTY