Company registration number:
SC559436
OSW Holdings Limited
Unaudited filleted financial statements
31 March 2025
OSW Holdings Limited
Contents
Directors and other information
Statement of financial position and notes to the financial statements
OSW Holdings Limited
Directors and other information
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Directors |
Mr Paul A McKay |
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Mr Euan G McKay |
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Mr Daniel J Dunstan-McKay |
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Secretary |
Brodies Secretarial Services Limited |
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Company number |
SC559436 |
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Registered office |
Capital Square |
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58 Morrison Street |
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Edinburgh |
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Midlothian |
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EH3 8BP |
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Accountants |
Brodies LLP |
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Capital Square |
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58 Morrison Street |
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Edinburgh |
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Midlothian |
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EH3 8BP |
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OSW Holdings Limited
Statement of financial position
31 March 2025
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2025 |
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2024 |
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£ |
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£ |
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Fixed assets |
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10,077,761 |
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9,857,528 |
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_______ |
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_______ |
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Current assets |
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1,142,052 |
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1,320,764 |
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Creditors: amounts falling due within one year |
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(
9,699,665) |
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(
9,916,055) |
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_______ |
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_______ |
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Net current liabilities |
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(
8,557,613) |
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(
8,595,291) |
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_______ |
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Total assets less current liabilities |
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1,520,148 |
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1,262,237 |
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Creditors: amounts falling due after more than one year |
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(
1,420,691) |
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(
1,444,586) |
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Accruals and deferred income |
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(
10,800) |
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(
9,000) |
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_______ |
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_______ |
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Net assets/(liabilities) |
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88,657 |
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(
191,349) |
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_______ |
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Capital and reserves |
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88,657 |
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(
191,349) |
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_______ |
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Notes to the financial statements
OSW Holdings Limited
Year ended 31 March 2025
1.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2025 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Paul A McKay |
(
9,799,166) |
- |
193,524 |
(
9,605,642) |
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_______ |
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2024 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Paul A McKay |
(
9,251,925) |
(
1,100,000) |
552,759 |
(
9,799,166) |
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2.
Going Concern
At the balance sheet date the company had overall net liabilities. The company meets its day to day working capital requirements through loans from it's director who has confirmed he will not seek repayment within the next 12 months. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the bank and the director noted above. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to amend the balance sheet values to their recoverable amounts and to provide for further liabilities which might arise. The director believes that it is appropriate for the financial statements to be prepared on a going concern basis.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
04 November 2025
, and are signed on behalf of the board by:
Mr Paul A McKay
Director
Company registration number:
SC559436
The company is a private company limited by shares, registered in Scotland.