Termspeed Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

Report to the directors on the preparation of the unaudited statutory accounts of Termspeed Limited for the year ended 31 March 2026

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Termspeed 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 https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the directors of Termspeed Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Termspeed Limited and state those matters that we have agreed to state to the directors of Termspeed Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Termspeed Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Termspeed 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 Termspeed Limited . You consider that Termspeed 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 Termspeed 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.

9 October 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Termspeed Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: SC140976

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		92,535		92,535

			92,535		92,535
CURRENT ASSETS
Cash at bank and in hand		31		25

		31		25
Creditors: Amounts Falling Due Within One Year	5	(31,213 )		(28,282 )

NET CURRENT ASSETS (LIABILITIES)			(31,182 )		(28,257 )

TOTAL ASSETS LESS CURRENT LIABILITIES			61,353		64,278

NET ASSETS			61,353		64,278

CAPITAL AND RESERVES
Called up share capital			2		2
Other reserves			50,000		50,000
Profit and Loss Account			11,351		14,276

SHAREHOLDERS' FUNDS			61,353		64,278

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Termspeed Limited

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

On behalf of the board

Mrs A Ray

Director

9 October 2026

The notes on pages 4 to 5 form part of these financial statements.

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Termspeed Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Termspeed Limited is a private company, limited by shares, incorporated in Scotland, registered number SC140976 . The registered office is 2 Perwinnes Cottage, Dyce, Aberdeen, AB21 7AR.

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. Going Concern Disclosure

These financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements.

The company has previously ceased its trading activities. It continues to hold a property which is being marketed for sale, after which the Company will be wound up. The directors have considered the Company's financial position, including the planned sale of the property and ongoing funding provided by way of the Director's Loan Accounts. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period necessary to realise the property and settle its liabilities.

Having made the appropriate enquiries and considered the matters set out above, the directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the Company's ability to continue as a going concern. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Freehold

0% on cost

2.4. 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.

3. Average Number of Employees

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

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Termspeed Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2025	92,535

As at 31 March 2026	92,535

Net Book Value
As at 31 March 2026	92,535

As at 1 April 2025	92,535

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Accruals and deferred income	1,121	930
Directors' loan accounts	30,092	27,352

	31,213	28,282

6. 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
	£	£	£	£	£
Mrs Arlene Ray	(13,666 )	(1,370 )	-	-	(15,036 )
Mr David Ray	(13,686 )	(1,370 )	-	-	(15,056 )

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

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