REGISTERED NUMBER: SC664733 (Scotland)

Financial Statements For The Year Ended 31 December 2025

for

3rd Resource Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

R J Ritchie

REGISTERED OFFICE:

Evolution View Wellheads Crescent

Wellheads Industrial Estate

Dyce

Aberdeen

AB21 7GA

REGISTERED NUMBER:

SC664733 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

CURRENT ASSETS

Debtors

822,766

990,869

Cash at bank

8,375

8,564

831,141

999,433

CREDITORS

Amounts falling due within one year

830,435

953,431

NET CURRENT ASSETS

706

46,002

TOTAL ASSETS LESS CURRENT LIABILITIES

706

46,002

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

606

45,902

706

46,002

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 17 July 2026 and were signed by:

R J Ritchie - Director

1.	STATUTORY INFORMATION

3rd Resource 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.

The company has improved its trading position resulting in sufficient reserves to meet ongoing obligations

and will continue to do so for the next twelve months from approval of the financial statements.

In conclusion, the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the fair value of the consideration received or receivable for the recharge of personnel

and is shown net of VAT. Turnover is accounted for an accruals basis at the point the services are carried out

by the personnel.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Current tax

Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that

have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in

periods different from those in which they are included in the Company's financial statements. Deferred tax is

provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at

the average tax rates that are expected to apply when the timing differences reverse, based on current tax

rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is

set up against deferred tax assets so that the net carrying amount equals the highest amount that is more

likely than not to be recovered based on current or future taxable profit.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

Non-financial assets

At each balance sheet date, the company reviews its tangible and intangible assets to determine whether

there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the

extent of the impairment loss (if any).

Financial assets

An asset is impaired where there is objective evidence that, as a result of one or more events that occurred

after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable

amount of an asset is the higher of its fair value less costs to sell and its value in use.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 45 ) .

4.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

16,500

5.	RELATED PARTY DISCLOSURES

6.	POST BALANCE SHEET EVENTS

At close of business on 31 December 2025 the company transferred the trade of the business to Evolution Offshore Limited. All employees of 3rd Resource Limited were transferred over to the payroll of Evolution Offshore Limited during the year.