Near Orient Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—8

Report to the director on the preparation of the unaudited statutory accounts of Near Orient Ltd for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Near Orient Ltd 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 Near Orient Ltd , 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 Near Orient Ltd and state those matters that we have agreed to state to the director of Near Orient Ltd , 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 Near Orient Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Near Orient Ltd 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 Near Orient Ltd . You consider that Near Orient Ltd 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 Near Orient Ltd . 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.

10 August 2026

Nuvo Scotland Limited

Office 2&3

Thainstone Business Centre

Thainstone

Inverurie

AB51 5TB

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Near Orient Ltd

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: SC375388

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		475		603
Investments	5		28,485		37,692

			28,960		38,295
CURRENT ASSETS
Debtors	6	32,944		17,974
Cash at bank and in hand		216,771		244,289

		249,715		262,263
Creditors: Amounts Falling Due Within One Year	7	(28,649 )		(27,967 )

NET CURRENT ASSETS (LIABILITIES)			221,066		234,296

TOTAL ASSETS LESS CURRENT LIABILITIES			250,026		272,591

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,463 )		(2,264 )

NET ASSETS			247,563		270,327

CAPITAL AND RESERVES
Called up share capital			100		100
Fair value reserve			7,390		6,791
Profit and Loss Account			240,073		263,436

SHAREHOLDERS' FUNDS			247,563		270,327

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Near Orient Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 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 3 August 2026 and were signed on its behalf by:

Mr K O'Hara

Director

The notes on pages 5 to 8 form part of these financial statements.

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Near Orient Ltd

Statement of Changes in Equity

For The Year Ended 31 March 2026

Statement of Changes in Equity

	Share Capital	Fair value reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 April 2024	100	5,294	259,459	264,853
Profit for the year and total comprehensive income	-	-	90,599	90,599

Dividends paid	-	-	(85,125)	(85,125)
Revaluation	-	1,497	-	1,497
Transfer from revaluation reserve	-	-	(1,497)	(1,497)

As at 31 March 2025 and 1 April 2025	100	6,791	263,436	270,327


Profit for the year and total comprehensive income	-	-	65,679	65,679

Dividends paid	-	-	(88,443)	(88,443)
Revaluation	-	599	-	599
Transfer from revaluation reserve	-	-	(599)	(599)

As at 31 March 2026	100	7,390	240,073	247,563

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Near Orient Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Near Orient Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC375388 . 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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% on cost
Computer Equipment	33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

2.5. 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.

...CONTINUED

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Near Orient Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Financial Instruments - continued

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.

2.6. 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.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	1,602	1,796	3,398
Additions	248	-	248

As at 31 March 2026	1,850	1,796	3,646

Depreciation
As at 1 April 2025	1,160	1,635	2,795
Provided during the period	215	161	376

As at 31 March 2026	1,375	1,796	3,171

Net Book Value
As at 31 March 2026	475	-	475

As at 1 April 2025	442	161	603

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Near Orient Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2025	37,692
Disposals	(13,115 )
Revaluations	3,908

As at 31 March 2026	28,485

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	28,485

As at 1 April 2025	37,692

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	22,853	-
Prepayments and accrued income	715	555
Other debtors	-	17,194
VAT	-	225
Director's loan account	9,376	-

	32,944	17,974

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	33
Corporation tax	18,315	27,186
Other taxes and social security	659	436
VAT	9,675	-
Director's loan account	-	312

	28,649	27,967

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	2,264	2,264
Additions	199	199

Balance at 31 March 2026	2,463	2,463

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Near Orient Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Kenneth O'Hara	(312 )	10,000	(312 )	-	9,376

The above loan is interest free and has no fixed repayment terms.

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