CIR SCOTLAND LTD

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3—5

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 8 October 2024	100	-	100
Profit for the period and total comprehensive income	-	35,092	35,092

Dividends paid	-	(30,000)	(30,000)

As at 31 October 2025	100	5,092	5,192

1. General Information

CIR SCOTLAND LTD is a private company, limited by shares, incorporated in Scotland, registered number SC825236 . The registered office is Pavilion 3, Suite 2, St James Business Park, Paisley, Scotland, PA3 3BB.

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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company’s accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.

2.4. 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Financial Instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit and loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were sold at the balance sheet date.

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CIR SCOTLAND LTD

Notes to the Financial Statements (continued)

For the Period 8 October 2024 to 31 October 2025

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Debtors

	31 October 2025
	£
Due within one year
Prepayments and accrued income	223
Other taxes and social security	14
Director's loan account	12,446

	12,683

5. Creditors: Amounts Falling Due Within One Year

	31 October 2025
	£
Corporation tax	8,281

6. Share Capital

	31 October 2025
	£
Allotted, Called up and fully paid	100

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CIR SCOTLAND LTD

Notes to the Financial Statements (continued)

For the Period 8 October 2024 to 31 October 2025

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 8 October 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Christopher Campbell	-	55,492	43,045	-	12,447

The above loan is unsecured, interest bearing and repayable on demand.

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		31 October 2025
	Notes	£	£
CURRENT ASSETS
Debtors	4	12,683
Cash at bank and in hand		790

		13,473
Creditors: Amounts Falling Due Within One Year	5	(8,281 )

NET CURRENT ASSETS (LIABILITIES)			5,192

TOTAL ASSETS LESS CURRENT LIABILITIES			5,192

NET ASSETS			5,192

CAPITAL AND RESERVES
Called up share capital	6		100
Profit and Loss Account			5,092

SHAREHOLDERS' FUNDS			5,192