REGISTERED NUMBER: SC054039 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Executive Benefit Services (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E D McGhee

V Barr

C L Thomson

REGISTERED OFFICE:

25 Hope Street

Lanark

ML11 7NE

REGISTERED NUMBER:

SC054039 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

BANKERS:

Royal Bank of Scotland

88 High Street

Lanark

ML11 7ET

FIXED ASSETS

Tangible assets

4

27,047

22,409

CURRENT ASSETS

Debtors

5

593,792

722,058

Investment

6

-

1

Cash at bank and in hand

323,729

192,125

917,521

914,184

CREDITORS

Amounts falling due within one year

7

415,251

422,038

NET CURRENT ASSETS

502,270

492,146

TOTAL ASSETS LESS CURRENT LIABILITIES

529,317

514,555

CREDITORS

Amounts falling due after more than one year

8

-

(5,538

)

PROVISIONS FOR LIABILITIES

(21,833

)

(17,954

)

NET ASSETS

507,484

491,063

CAPITAL AND RESERVES

Called up share capital

87,000

87,000

Capital redemption reserve

13,000

13,000

Share Premium

81,600

81,600

Retained earnings

325,884

309,463

SHAREHOLDERS' FUNDS

507,484

491,063

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 directors acknowledge their 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 Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

V Barr - Director

1.	STATUTORY INFORMATION

Executive Benefit Services (UK) 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.

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 financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. The material items in the financial statements where these judgements and estimates have been made include the estimation of the indemnity provision as well as in relation to accruals for client complaints.

Turnover

Turnover represents fees and other income derived from services rendered and commissions received, excluding value added tax.

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.

Plant and machinery etc

-

33% on cost, 20% on cost and 15% on cost

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of any transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Indemnity commission

Insurance commissions received on indemnity terms are credited to the profit and loss account when received and are stated net of any commissions repaid in the year.

Provision is made by the directors for the potential liability for repayment of this commission.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

132,218

Additions

14,207

At 31 December 2025

146,425

DEPRECIATION

At 1 January 2025

109,809

Charge for year

9,569

At 31 December 2025

119,378

NET BOOK VALUE

At 31 December 2025

27,047

At 31 December 2024

22,409

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

23,028

12,703

Amounts owed by group undertakings

546,418

696,402

Other debtors

24,346

12,953

593,792

722,058

6.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Other

-

1

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

5,275

10,133

Trade creditors

1

-

Taxation and social security

158,004

118,761

Other creditors

251,971

293,144

415,251

422,038

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

5,538

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE PARENT COMPANY