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REGISTERED NUMBER: SC496383 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ENSCO 2002 LIMITED

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2026




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENSCO 2002 LIMITED

COMPANY INFORMATION
for the year ended 31 March 2026







DIRECTORS: I A L Reid
L Reid
J Reid





REGISTERED OFFICE: 97 Lothian Road
Edinburgh
Lothian
EH3 9AN





REGISTERED NUMBER: SC496383 (Scotland)





ACCOUNTANTS: S&W Partners (Scotland) Limited
Q Court
3 Quality Street
Edinburgh
EH4 5BP

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

BALANCE SHEET
31 March 2026

2026 2025
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,143 53,674
Investments 5 190,950 190,950
Investment property 6 366,000 350,000
564,093 594,624

CURRENT ASSETS
Debtors 7 244,775 6,538
Investments 8 - 435,000
Cash at bank and in hand 56,008 72,873
300,783 514,411
CREDITORS
Amounts falling due within one year 9 (250,784 ) (444,539 )
NET CURRENT ASSETS 49,999 69,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,092

664,496

CREDITORS
Amounts falling due after more than one year 10 (202,523 ) (202,521 )

PROVISIONS FOR LIABILITIES 12 (10,235 ) (36,380 )
NET ASSETS 401,334 425,595

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

BALANCE SHEET - continued
31 March 2026

2026 2025
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Non distributable reserve 37,847 149,322
Retained earnings 363,486 276,272
SHAREHOLDERS' FUNDS 401,334 425,595

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 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 12 October 2026 and were signed on its behalf by:





I A L Reid - Director


ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2026

1. STATUTORY INFORMATION

ENSCO 2002 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 gross rents receivable. Turnover from property investment is recognised in accordance to the agreed rental lease between the relevant parties or in accordance to the terms and conditions of short-term letting licenses.

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.
Fixtures and fittings - 25% per annum reducing balance

IMPAIRMENT TO ASSETS
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

INVESTMENTS IN ASSOCIATES
Investments in associated undertakings are recognised at cost less impairment, if any.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2026

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2025 47,500 21,715 69,215
Additions - 2,400 2,400
Disposals (47,500 ) - (47,500 )
At 31 March 2026 - 24,115 24,115
DEPRECIATION
At 1 April 2025 950 14,591 15,541
Charge for year - 2,381 2,381
Eliminated on disposal (950 ) - (950 )
At 31 March 2026 - 16,972 16,972
NET BOOK VALUE
At 31 March 2026 - 7,143 7,143
At 31 March 2025 46,550 7,124 53,674

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2025
and 31 March 2026 190,950
NET BOOK VALUE
At 31 March 2026 190,950
At 31 March 2025 190,950

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2026

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2025 350,000
Revaluations 16,000
At 31 March 2026 366,000
NET BOOK VALUE
At 31 March 2026 366,000
At 31 March 2025 350,000

Fair value at 31 March 2026 is represented by:
£   
Valuation in 2022 33,886
Valuation in 2026 16,000
Cost 316,114
366,000

If investment property had not been revalued it would have been included at the following historical cost:

2026 2025
£    £   
Cost 316,114 316,114

Investment property was valued on an open market basis on 31 March 2026 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£    £   
Other debtors 244,775 6,538

8. CURRENT ASSET INVESTMENTS
2026 2025
£    £   
Other - 435,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£    £   
Trade creditors 350 111
Taxation and social security 28,788 975
Other creditors 221,646 443,453
250,784 444,539

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2026

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2026 2025
£    £   
Bank loans 202,523 202,521

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 202,523 202,521

11. SECURED DEBTS

The following secured debts are included within creditors:

2026 2025
£    £   
Bank loans 202,523 202,521

Shawbrook Bank Limited hold a charge which covers the investment property owned by the company.

12. PROVISIONS FOR LIABILITIES
2026 2025
£    £   
Deferred tax 10,235 36,380

Deferred
tax
£   
Balance at 1 April 2025 36,380
Provided during year (26,145 )
Balance at 31 March 2026 10,235

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, the company had transactions with Barton and Davies Limited, an associate undertaking in which the company holds 50% of the ordinary share capital. At the balance sheet date, £218,084 (2025 - £439,994) was due to Barton and Davies Limited.

During the year, the company had transactions with R&M Developments Limited, a related party with common ownership. At the balance sheet date, £139,040 (2025 - £nil) was due from R&M Developments Limited.

ENSCO 2002 LIMITED (REGISTERED NUMBER: SC496383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2026

14. ULTIMATE CONTROLLING PARTY

The ultimate parent company is ENSCO 2000 Limited whose registered office is at 97 Lothian Road, Midlothian, EH3 9AN