Buchanhaven Holdings 2020 Limited

	Page
Accountants' Report	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of Buchanhaven Holdings 2020 Limited for the year ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Buchanhaven Holdings 2020 Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Buchanhaven Holdings 2020 Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Buchanhaven Holdings 2020 Limited and state those matters that we have agreed to state to the director of Buchanhaven Holdings 2020 Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Buchanhaven Holdings 2020 Limited and its director as a body for our work or for this report.

It is your duty to ensure that Buchanhaven Holdings 2020 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Buchanhaven Holdings 2020 Limited . You consider that Buchanhaven Holdings 2020 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Buchanhaven Holdings 2020 Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

1 July 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Buchanhaven Holdings 2020 Limited

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: SC651934

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investments in group undertakings	4		3,527,550		3,527,550

			3,527,550		3,527,550
CURRENT ASSETS
Debtors	5	-		232,670

		-		232,670
Creditors: Amounts Falling Due Within One Year	6	(3,412,800 )		(3,643,557 )

NET CURRENT ASSETS (LIABILITIES)			(3,412,800 )		(3,410,887 )

TOTAL ASSETS LESS CURRENT LIABILITIES			114,750		116,663

NET ASSETS			114,750		116,663

CAPITAL AND RESERVES
Called up share capital	7		116		116
Profit and Loss Account			114,634		116,547

SHAREHOLDERS' FUNDS			114,750		116,663

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 1 July 2026 and were signed on its behalf by:

Mr J Mitchell

Director

The notes on pages 4 to 6 form part of these financial statements.

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Buchanhaven Holdings 2020 Limited

Statement of Changes in Equity

For The Year Ended 31 January 2026

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 February 2024	116	87,048	87,164
Profit for the year and total comprehensive income	-	209,623	209,623

Dividends paid	-	(180,124)	(180,124)

As at 31 January 2025 and 1 February 2025	116	116,547	116,663


Profit for the year and total comprehensive income	-	846,333	846,333

Dividends paid	-	(848,246)	(848,246)

As at 31 January 2026	116	114,634	114,750

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Buchanhaven Holdings 2020 Limited

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Buchanhaven Holdings 2020 Limited is a private company, limited by shares, incorporated in Scotland, registered number SC651934 . The registered office is C/O Nuvo Scotland Limited, Bankhead Drive, City South Office Park, Portlethen, Aberdeenshire, AB12 4XX.

The presentation currency of the financial statements is the Pound Sterling (£).

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. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis.

2.3. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.4. 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

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.

...CONTINUED

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Buchanhaven Holdings 2020 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.4. Taxation - continued

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 year, 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.

2.5. Preparation of consolidated financial statements

The financial statements contain information about Buchanhaven Holdings 2020 Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

2.6. Investments in subsidiaries and associates

Investment in wholly owned subsidiaries and associated undertakings are recognised at cost less any provision for impairment. Carrying values of investments in subsidiaries and associates are reviewed at the end of each reporting period for any indication of impairment with any effect accounted for in the profit and loss account.

Investments in subsidiaries and associated undertakings are de-recognised upon disposal of the owned share capital and associated control of the entity.

2.7. Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Investments in group undertakings

	Subsidiaries
	£
Cost or Valuation
As at 1 February 2025	3,527,550

As at 31 January 2026	3,527,550

Provision
As at 1 February 2025	-

As at 31 January 2026	-

Net Book Value
As at 31 January 2026	3,527,550

As at 1 February 2025	3,527,550

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Buchanhaven Holdings 2020 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Director's loan account	-	32,670
Amounts owed by group undertakings	-	200,000

	-	232,670

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Accruals and deferred income	1,440	1,200
Director's loan account	-	65
Amounts owed to group undertakings	3,411,360	3,642,292

	3,412,800	3,643,557

7. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
58 Ordinary A shares of £ 1.00 each	58	58
58 Ordinary B shares of £ 1.00 each	58	58

	116	116

8. Directors Advances, Credits and Guarantees

Included within Debtors and Creditors are the following loans to/(from) directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr John Mitchell	(65 )	65	-	-	-

During the year, amounts owed to the company by a former director of £32,670 were repaid. The balance outstanding at year-end in respect of the former director's loan account was £nil (2025: £32,670).

The above loans are interest free and have no fixed repayment terms.

9. Controlling Parties

The company's immediate and ultimate controlling parent company is Buchanhaven Holdings 2024 Limited by virtue of it's 100% ownership of the issued share capital in the company.

The company's ultimate controlling party is J Mitchell by virtue of his ownership of 95% (2025: 99%) of the issued share capital in Buchanhaven Holdings 2024 Limited.

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