REGISTERED NUMBER: SC235839 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Carlyle Associates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Carlyle

C-A Searles

F James-Martin

REGISTERED OFFICE:

6 Hope Street

Edinburgh

Midlothian

EH2 4DB

REGISTERED NUMBER:

SC235839 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

FIXED ASSETS

Tangible assets

4

58,027

70,822

Investments

5

20,000

70,000

78,027

140,822

CURRENT ASSETS

Debtors

6

694,782

824,609

Cash at bank

1,831,684

887,410

2,526,466

1,712,019

CREDITORS

Amounts falling due within one year

7

964,261

758,554

NET CURRENT ASSETS

1,562,205

953,465

TOTAL ASSETS LESS CURRENT LIABILITIES

1,640,232

1,094,287

PROVISIONS FOR LIABILITIES

14,507

17,706

NET ASSETS

1,625,725

1,076,581

CAPITAL AND RESERVES

Called up share capital

122

110

Share premium

190,466

101,859

Retained earnings

1,435,137

974,612

SHAREHOLDERS' FUNDS

1,625,725

1,076,581

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 25 August 2026 and were signed on its behalf by:

D Carlyle - Director

F James-Martin - Director

C-A Searles - Director

1.	STATUTORY INFORMATION

Carlyle Associates 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

at variable rates on reducing balance

Computer equipments

-

33% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party tothe contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , whenthere is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipments

Totals

£

£

£

£

COST

At 1 January 2025

31,584

105,985

98,391

235,960

Additions

278

-

3,743

4,021

At 31 December 2025

31,862

105,985

102,134

239,981

DEPRECIATION

At 1 January 2025

30,830

40,927

93,381

165,138

Charge for year

398

12,058

4,360

16,816

At 31 December 2025

31,228

52,985

97,741

181,954

NET BOOK VALUE

At 31 December 2025

634

53,000

4,393

58,027

At 31 December 2024

754

65,058

5,010

70,822

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

70,000

Disposals

(50,000

)

At 31 December 2025

20,000

NET BOOK VALUE

At 31 December 2025

20,000

At 31 December 2024

70,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

634,963

762,776

Other debtors

-

5,183

Prepayments and accrued income

59,819

56,650

694,782

824,609

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

139,647

197,109

Tax

252,500

158,015

VAT

143,347

90,485

Other creditors

223,822

59,983

Directors' current accounts

-

137,001

Accrued expenses

204,945

115,961

964,261

758,554

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

37,344

56,016

Between one and five years

-

37,344

37,344

93,360

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £234,180 (2024 - £469,100) were paid to the directors .