REGISTERED NUMBER: SC366265 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LUNAR QMG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

Mr J Buchan

Mr A Buchan

Mr J G Buchan

Mr S W Banks

Miss J Buchan

Mr R Stevenson

Mr A J Buchan

Mr W C Buchan

REGISTERED OFFICE:

East Quay

The Harbour

Peterhead

Aberdeenshire

AB42 1JF

REGISTERED NUMBER:

SC366265 (Scotland)

AUDITORS:

Bain Henry Reid

Statutory Auditors

Chartered Accountants

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

FIXED ASSETS

Tangible assets

4

32,510

42,960

CURRENT ASSETS

Debtors

5

1,160,536

1,007,636

Cash at bank

4,926

16,568

1,165,462

1,024,204

CREDITORS

Amounts falling due within one year

6

71,257

64,487

NET CURRENT ASSETS

1,094,205

959,717

TOTAL ASSETS LESS CURRENT LIABILITIES

1,126,715

1,002,677

PROVISIONS FOR LIABILITIES

8,127

10,740

NET ASSETS

1,118,588

991,937

RESERVES

Retained earnings

1,118,588

991,937

1,118,588

991,937

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 Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

Mr A Buchan - Director

1.	STATUTORY INFORMATION

Lunar QMG Limited is a private company, limited by guarantee , 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.

Turnover

Turnover represents levies receivable from members.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Motor vehicles

-

over 5 years straight line basis

Computer equipment

-

over 5 years straight line basis

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.

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.

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.

Going concern

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future, and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

56,072

1,869

57,941

Additions

-

962

962

At 31 December 2025

56,072

2,831

58,903

DEPRECIATION

At 1 January 2025

13,112

1,869

14,981

Charge for year

11,220

192

11,412

At 31 December 2025

24,332

2,061

26,393

NET BOOK VALUE

At 31 December 2025

31,740

770

32,510

At 31 December 2024

42,960

-

42,960

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,160,536

1,007,636

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

1,430

Taxation and social security

68,567

61,077

Other creditors

2,690

1,980

71,257

64,487

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Iain Arthur FCCA (Senior Statutory Auditor)

for and on behalf of Bain Henry Reid

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

Miss J Buchan

Balance outstanding at start of year

-

334

Amounts repaid

-

(334

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.