Company No: SC714096 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	70		70
		70		70
Current assets
Debtors	4	104,930		104,930
Cash at bank and in hand		100		100
		105,030		105,030
Creditors: amounts falling due within one year	5	( 111,070)		( 109,080)
Net current liabilities		(6,040)		(4,050)
Total assets less current liabilities		(5,970)		(3,980)
Creditors: amounts falling due after more than one year	6	( 1,860)		( 1,990)
Net liabilities		( 7,830)		( 5,970)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 7,930 )		( 6,070 )
Total shareholders' deficit		( 7,830)		( 5,970)

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Puggy Investments Limited (registered number: SC714096) were approved and authorised for issue by the Director on 24 June 2026. They were signed on its behalf by:

Mr B D J Walker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Puggy Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 December 2024	70
At 30 November 2025	70
Carrying value at 30 November 2025	70
Carrying value at 30 November 2024	70

4. Debtors

	2025		2024
	£		£
Other debtors	104,930		104,930

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	111,070		109,080

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	1,860		1,990

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Amounts owed by subsidiary companies	104,930		104,930

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed to directors	109,080		109,080