Company No: SC073171 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Investments	3	490,000		490,000
		490,000		490,000
Current assets
Debtors	4	2,710,000		1,510,000
		2,710,000		1,510,000
Net current assets		2,710,000		1,510,000
Total assets less current liabilities		3,200,000		2,000,000
Net assets		3,200,000		2,000,000
Capital and reserves
Called-up share capital	5	2,000,000		2,000,000
Profit and loss account		1,200,000		0
Total shareholders' funds		3,200,000		2,000,000

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 G. F. Swan (Holdings) Limited (registered number: SC073171) were approved and authorised for issue by the Director on 29 September 2025. They were signed on its behalf by:

C M Swan 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 year, unless otherwise stated.

General information and basis of accounting

G. F. Swan (Holdings) 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 S & D Properties Group, 79 West Regent Street, Suite 1/1, Glasgow, G2 2AW, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	490,000
At 31 December 2024	490,000
Carrying value at 31 December 2024	490,000
Carrying value at 31 December 2023	490,000

4. Debtors

	2024		2023
	£		£
Amounts owed by own subsidiaries	2,710,000		1,510,000

5. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
595,267 A Ordinary shares of £ 1.00 each	595,267		595,267
214,200 B Ordinary shares of £ 1.00 each	214,200		214,200
595,267 C Ordinary shares of £ 1.00 each	595,267		595,267
595,266 D Ordinary shares of £ 1.00 each	595,266		595,266
	2,000,000		2,000,000

6. Related party transactions

Other related party transactions

	2024		2023
	£		£
Amounts owed by related parties	2,710,000		1,510,000

The above amounts are unsecured, interest free and have no fixed terms of repayment.