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REGISTERED NUMBER: SC166637 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

| FOR |

| H.K.J. ASSOCIATES LTD. |

H.K.J. ASSOCIATES LTD. (REGISTERED NUMBER: SC166637)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

H.K.J. ASSOCIATES LTD.

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTOR: | Dr Hasan Kadhem Jasem

| SECRETARY: | Mrs Margaret Jasem

| REGISTERED OFFICE: | 7 Highwood Gardens

| Bellshill

| Lanarkshire

| ML4 3PG

| REGISTERED NUMBER: | SC166637 (Scotland)

| ACCOUNTANTS: | Stewart Gilmour & Co.

| 3rd Floor

| St George's Buildings

| 5 St Vincent Place

| Glasgow

| G1 2DH

| BANKERS: | The Royal Bank of Scotland plc

| 10 Gordon Street

| Glasgow

| G1 3PL

H.K.J. ASSOCIATES LTD. (REGISTERED NUMBER: SC166637)

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investments | 5 | 100 |  | 100 |  |

100 |  | 100 |  |

CURRENT ASSETS

Stocks | 13,546 |  | 13,546 |  |

Cash at bank | 4,593 |  | 4,665 |  |

18,139 |  | 18,211 |  |

CREDITORS

Amounts falling due within one year | 6 | 216,970 |  | 216,920 |  |

NET CURRENT LIABILITIES | (198,831 | ) | (198,709 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (198,731 | ) | (198,609 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 18,000 |  | 18,000 |  |

Retained earnings | (216,731 | ) | (216,609 | ) |

SHAREHOLDERS' FUNDS | (198,731 | ) | (198,609 | ) |

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

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

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 28 July 2026 and were signed by:

Mrs Margaret Jasem - Director

H.K.J. ASSOCIATES LTD. (REGISTERED NUMBER: SC166637)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| H.K.J. Associates Ltd. 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.

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.

| Going concern

| The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. At 31 July 2025 the company's current liabilities, including £213,864 owed to the director, exceeded its current assets by £198,831. The company is thus dependent on the continued financial support of its director and other creditors. The director is confident of being able to maintain the required levels of financial support and of the company's long-term trading prospects and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from withdrawal of financial support.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Office equipment | - | 25% on cost

| Stocks

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

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

H.K.J. ASSOCIATES LTD. (REGISTERED NUMBER: SC166637)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Investments

| Fixed asset investments are stated at cost less any amounts written off for permanent diminution in value. The company's subsidiary has not been consolidated. Group accounts have not been prepared and these financial statements thus present information about the company as an individual entity. Group accounts are not required because of the exemptions available under Section 402 of the Companies Act 2006 for small-sized groups.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 1,952 |  |

| DEPRECIATION

| At 1 August 2024

| and 31 July 2025 | 1,952 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 100 |  |

| NET BOOK VALUE

| At 31 July 2025 | 100 |  |

| At 31 July 2024 | 100 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 3,009 |  | 3,009 |  |

| Other creditors | 213,961 |  | 213,911 |  |

216,970 |  | 216,920 |  |

H.K.J. ASSOCIATES LTD. (REGISTERED NUMBER: SC166637)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 18,000 | Ordinary | £1 | 18,000 |  | 18,000 |  |

8. | ULTIMATE CONTROLLING PARTY

| The controlling party is Dr Hasan Kadhem Jasem.