Company No: SC813036 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.01.2026		31.01.2025
		£		£
Fixed assets
Investment property	3	889,001		0
Investments	4	100		100
		889,101		100
Current assets
Debtors	5	1,296		3,791
Cash at bank and in hand		11,044		7,758
		12,340		11,549
Creditors: amounts falling due within one year	6	( 8,069)		0
Net current assets		4,271		11,549
Total assets less current liabilities		893,372		11,649
Creditors: amounts falling due after more than one year	7	( 891,471)		( 11,549)
Net assets		1,901		100
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		1,801		0
Total shareholders' funds		1,901		100

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The O'Neill Family Company Limited (registered number: SC813036) were approved and authorised for issue by the Board of Directors on 26 October 2026. They were signed on its behalf by:

Owen David O'Neill Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

The O'Neill Family Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit 1 Roseberry Court, Broomloan Place, Ibrox Business Park,, Glasgow, G51 2JR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Year ended 31.01.2026		Period from 10.06.2024 to 31.01.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	0
Additions	889,001
As at 31 January 2026	889,001

Valuation

Investment properties were valued by the directors at 31 January 2026, on an open market basis by reference to market evidence of transaction prices for similar properties.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	31.01.2026		31.01.2025
	£		£
Historic cost	889,001		0

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 February 2025	100		100
At 31 January 2026	100		100
Carrying value at 31 January 2026	100		100
Carrying value at 31 January 2025	100		100

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.01.2026	Held
Prestige Car Specialists (Scotland) Ltd	Unit 1 Roseberry Court Broomloan Place, Ibrox Business Park, Glasgow, Lanarkshire, Scotland, G51 2JR	Maintenance and repair of motor vehicles	A Ordinary	33.00%	Direct

5. Debtors

	31.01.2026		31.01.2025
	£		£
Amounts owed by directors	20		20
Prepayments	1,196		0
Other debtors	80		3,771
	1,296		3,791

6. Creditors: amounts falling due within one year

	31.01.2026		31.01.2025
	£		£
Accruals and deferred income	6,780		0
Taxation and social security	1,289		0
	8,069		0

7. Creditors: amounts falling due after more than one year

	31.01.2026		31.01.2025
	£		£
Amounts owed to related parties	891,471		11,549

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	31.01.2026		31.01.2025
	£		£
Allotted, called-up and fully-paid
20 E ordinary shares of £ 1.00 each	20		20
20 C ordinary shares of £ 1.00 each	20		20
20 F ordinary shares of £ 1.00 each	20		20
10 A ordinary shares of £ 1.00 each	10		10
10 B ordinary shares of £ 1.00 each	10		10
20 D ordinary shares of £ 1.00 each	20		20
	100		100

9. Related party transactions

Transactions with the entity's directors

	31.01.2026		31.01.2025
	£		£
Amounts owed by directors	20		20

These loans are unsecured, interest free and have no fixed repayment terms.

Other related party transactions

	31.01.2026		31.01.2025
	£		£
Amounts owed to related parties	891,471		11,549

These loans are unsecured, interest free and have no fixed repayment terms.