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REGISTERED NUMBER: SC543874 (Scotland)

| Financial Statements |

| for the Year Ended 29 June 2024 |

| for |

| Millbarr Ltd |

Millbarr Ltd (Registered number: SC543874)

Contents of the Financial Statements

for the Year Ended 29 June 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Millbarr Ltd

Company Information

for the Year Ended 29 June 2024

| DIRECTOR: | B Tonner

| REGISTERED OFFICE: | Radleigh House

| 1 Golf Road

| Clarkston

| Glasgow

| G76 7HU

| REGISTERED NUMBER: | SC543874 (Scotland)

| ACCOUNTANTS: | O'Haras Chartered Accountants

| Radleigh House

| 1 Golf Road

| Clarkston

| Glasgow

| G76 7HU

Millbarr Ltd (Registered number: SC543874)

Balance Sheet

29 June 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 3 | 57,073 |  | 71,935 |  |

CURRENT ASSETS

Inventories | 741,720 |  | 741,720 |  |

Cash at bank | - |  | 2,473 |  |

741,720 |  | 744,193 |  |

CREDITORS

Amounts falling due within one year | 4 | 608,851 |  | 603,292 |  |

NET CURRENT ASSETS | 132,869 |  | 140,901 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 189,942 |  | 212,836 |  |

CREDITORS

Amounts falling due after more than one year | 5 | (57,144 | ) | (102,682 | ) |

PROVISIONS FOR LIABILITIES | 6 | (10,530 | ) | - |  |

NET ASSETS | 122,268 |  | 110,154 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 10 |  | 10 |  |

Retained earnings | 122,258 |  | 110,144 |  |

SHAREHOLDERS' FUNDS | 122,268 |  | 110,154 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Millbarr Ltd (Registered number: SC543874)

Balance Sheet - continued

29 June 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2026 and were signed by:

B Tonner - Director

Millbarr Ltd (Registered number: SC543874)

Notes to the Financial Statements

for the Year Ended 29 June 2024

1. | 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 as modified by the revaluation of certain assets.

| Going concern

| The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

| Revenue

| Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

| Sale of goods

| Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably.

| Services

| Income from services is recognised when performed, such that risks and rewards have been transferred.

| Tangible fixed assets

| Plant and machinery - 15% on reducing balance

| Motor vehicles - 15% on reducing balance

| Computer equipment - 33% on cost

| Inventories

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Costs may include land, properties bought for refurbishment and all associated costs until completion.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Millbarr Ltd (Registered number: SC543874)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2024

1. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

3. | PROPERTY, PLANT AND EQUIPMENT

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 30 June 2023

| and 29 June 2024 | 66,805 |  | 83,609 |  | 9,531 |  | 159,945 |  |

| DEPRECIATION

| At 30 June 2023 | 29,568 |  | 50,251 |  | 8,191 |  | 88,010 |  |

| Charge for year | 5,586 |  | 8,339 |  | 937 |  | 14,862 |  |

| At 29 June 2024 | 35,154 |  | 58,590 |  | 9,128 |  | 102,872 |  |

| NET BOOK VALUE

| At 29 June 2024 | 31,651 |  | 25,019 |  | 403 |  | 57,073 |  |

| At 29 June 2023 | 37,237 |  | 33,358 |  | 1,340 |  | 71,935 |  |

Millbarr Ltd (Registered number: SC543874)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2024

4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 68,224 |  | 68,217 |  |

| Hire purchase contracts | 6,685 |  | 6,685 |  |

| Taxation and social security | 32,309 |  | 714 |  |

| Other creditors | 501,633 |  | 527,676 |  |

608,851 |  | 603,292 |  |

5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 56,587 |  | 97,111 |  |

| Hire purchase contracts | 557 |  | 5,571 |  |

57,144 |  | 102,682 |  |

6. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 10,530 |  | - |  |

| Deferred |

| tax |

£ |

| Charge to Income Statement during year | 10,530 |  |

| Balance at 29 June 2024 | 10,530 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 10 | Ordinary | 1.00 | 10 |  | 10 |  |