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REGISTERED NUMBER: SC516952 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

NWD Developments Ltd

| NWD Developments Ltd (Registered number: SC516952) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 7 |

| NWD Developments Ltd |

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | Ian J McDermott

| REGISTERED OFFICE: | 20 Croftcroighn Road

| Glasgow

| G33 3SE

| REGISTERED NUMBER: | SC516952 (Scotland)

| ACCOUNTANTS: | Stevenson & Kyles

| Chartered Accountants

| 25 Sandyford Place

| Glasgow

| G3 7NG

| NWD Developments Ltd (Registered number: SC516952) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 418,186 |  | 418,872 |  |

CURRENT ASSETS

Debtors | 5 | 550 |  | 550 |  |

Cash at bank | 120,411 |  | 17,084 |  |

120,961 |  | 17,634 |  |

CREDITORS

Amounts falling due within one year | 6 | 514,415 |  | 410,205 |  |

NET CURRENT LIABILITIES | (393,454 | ) | (392,571 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 24,732 |  | 26,301 |  |

PROVISIONS FOR LIABILITIES | 7 | 739 |  | 869 |  |

NET ASSETS | 23,993 |  | 25,432 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | 23,893 |  | 25,332 |  |

SHAREHOLDERS' FUNDS | 23,993 |  | 25,432 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

| NWD Developments Ltd (Registered number: SC516952) |

Balance Sheet - continued

31 March 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2025 and were signed by:

Ian J McDermott - Director

| NWD Developments Ltd (Registered number: SC516952) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| NWD Developments 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.

| 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.

| Fittings and equipment | - | 15% on reducing balance

| Financial instruments

| Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| 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.

| 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.

| NWD Developments Ltd (Registered number: SC516952) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Grant income

| Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fittings |

| Heritable |  | and |

| property |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 414,299 |  | 12,927 |  | 427,226 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 8,354 |  | 8,354 |  |

| Charge for year | - |  | 686 |  | 686 |  |

| At 31 March 2025 | - |  | 9,040 |  | 9,040 |  |

| NET BOOK VALUE

| At 31 March 2025 | 414,299 |  | 3,887 |  | 418,186 |  |

| At 31 March 2024 | 414,299 |  | 4,573 |  | 418,872 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 550 |  | 550 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 196,274 |  | 209,254 |  |

| Taxation and social security | (70 | ) | 100 |  |

| Other creditors | 318,211 |  | 200,851 |  |

514,415 |  | 410,205 |  |

| NWD Developments Ltd (Registered number: SC516952) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 739 |  | 869 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 869 |  |

| Provided during year | (130 | ) |

| Balance at 31 March 2025 | 739 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

9. | ULTIMATE CONTROLLING PARTY

| The company is controlled by the director, Ian McDermott.

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

NWD Developments Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NWD Developments Ltd for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of NWD Developments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NWD Developments Ltd and state those matters that we have agreed to state to the director of NWD Developments Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that NWD Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of NWD Developments Ltd. You consider that NWD Developments Ltd 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 financial statements of NWD Developments Ltd. 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 statutory financial statements.

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

3 September 2025