Siskin Asset Management Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

Report to the director on the preparation of the unaudited statutory accounts of Siskin Asset Management Limited for the year ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Siskin Asset Management Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Siskin Asset Management Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Siskin Asset Management Limited and state those matters that we have agreed to state to the director of Siskin Asset Management Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Siskin Asset Management Limited and its director as a body for our work or for this report.

It is your duty to ensure that Siskin Asset Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Siskin Asset Management Limited . You consider that Siskin Asset Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Siskin Asset Management Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

22 June 2026

Nuvo Scotland Limited

Office 2&3

Thainstone Business Centre

Thainstone

Inverurie

AB51 5TB

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Siskin Asset Management Limited

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: SC391012

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		127		430

			127		430
CURRENT ASSETS
Debtors	5	317		154
Cash at bank and in hand		1,448		654

		1,765		808
Creditors: Amounts Falling Due Within One Year	6	(11,378 )		(6,203 )

NET CURRENT ASSETS (LIABILITIES)			(9,613 )		(5,395 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,486 )		(4,965 )

NET LIABILITIES			(9,486 )		(4,965 )

CAPITAL AND RESERVES
Called up share capital			118		118
Profit and Loss Account			(9,604 )		(5,083 )

SHAREHOLDERS' FUNDS			(9,486)		(4,965)

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Siskin Asset Management Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 22 June 2026 and were signed on its behalf by:

Mr R Lawrenson

Director

The notes on pages 4 to 5 form part of these financial statements.

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Siskin Asset Management Limited

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Siskin Asset Management Limited is a private company, limited by shares, incorporated in Scotland, registered number SC391012 . The registered office is Amicable House, 252 Union Street, Aberdeen, AB10 1TN.

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

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.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis on the confirmation from the director that the company will continue to trade for a period of no less than 12 months from the date of this report.

The director acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that loans from the director are not called on for repayment until the company is in such a position to be able to make repayments.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

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	25% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

2.5. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

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Siskin Asset Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	357	107	1,740	2,204

As at 31 January 2026	357	107	1,740	2,204

Depreciation
As at 1 February 2025	240	107	1,427	1,774
Provided during the period	89	-	214	303

As at 31 January 2026	329	107	1,641	2,077

Net Book Value
As at 31 January 2026	28	-	99	127

As at 1 February 2025	117	-	313	430

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	18	18
VAT	299	136

	317	154

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	163	-
Director's loan account	11,215	6,203

	11,378	6,203

7. Directors Advances, Credits and Guarantees

Included within creditors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Raymond Lawrenson	(6,203 )	-	(5,012 )	-	(11,215 )

The above loan is interest free and has no fixed repayment terms.

8. Ultimate Controlling Party

The company's ultimate controlling party is Mr R Lawrenson by virtue of his ownership of 85% of the issued share capital in the company.

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