REGISTERED NUMBER: SC628461 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

PROCAST LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D D Innes

REGISTERED OFFICE:

Procast

4 Alness Street

Hamilton

ML3 6RU

REGISTERED NUMBER:

SC628461 (Scotland)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Investments

4

534,638

773,093

CREDITORS

Amounts falling due within one year

5

698,394

773,949

NET CURRENT LIABILITIES

(698,394

)

(773,949

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(163,756

)

(856

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(163,758

)

(858

)

(163,756

)

(856

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 August 2026 and were signed by:

Mr D D Innes - Director

1.	STATUTORY INFORMATION

Procast 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 as modified by the revaluation of certain assets.

Investments in subsidiaries

Investments in subsidiary undertakings are stated at cost less any accumulated impairment losses.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Non-financial assets

An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine

reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial assets

For financial assets carried at amortized cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal.

An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Going concern

At 31 March 2026, the Company was in a net liability position of £163,756. Although the Company is currently loss making, the director has indicated that he has adequate resources to support the Company for the foreseeable future. Accordingly, the Company continues 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 1 (2025 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 April 2025

773,093

Revaluations

(238,455

)

At 31 March 2026

534,638

NET BOOK VALUE

At 31 March 2026

534,638

At 31 March 2025

773,093

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

1,350

-

Amounts owed to group undertakings

72,737

-

Other creditors

624,307

763,199

Accruals and deferred income

-

10,750

698,394

773,949

6.	POST BALANCE SHEET EVENTS

In April 2026, the Group underwent a reorganization and as a result of which Procast Holdings Limited became the immediate parent company of Procast Ltd.

7.	RELATED PARTY DISCLOSURES

Included within other creditors is £552,707 (2025: £540,462) due to a company under common control.

8.	TRANSITION TO FRS 102 SECTION 1A

These are the company's first financial statements prepared in accordance with FRS 102, including the provisions of Section 1A Small Entities. The company's previous financial statements were prepared in accordance with FRS 105.

The transition to FRS 102 Section 1A has not resulted in any adjustments to the company's previously reported financial position or financial performance.