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REGISTERED NUMBER: SC191679 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Scotway Property Ltd.

Scotway Property Ltd. (Registered number: SC191679)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Report of the Accountants | 6 |

Scotway Property Ltd.

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | Mr Loukas McGowan

| REGISTERED OFFICE: | 62 Cash It In

| Bank Street

| Galashiels

| TD1 1EP

| REGISTERED NUMBER: | SC191679 (Scotland)

| ACCOUNTANTS: | Wallace White Accountants

| 2nd Floor

| 22-24 Blythswood Square

| Glasgow

| G2 4BG

Scotway Property Ltd. (Registered number: SC191679)

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 815,980 |  | 815,980 |  |

CURRENT ASSETS

Stocks | 183,700 |  | 165,248 |  |

Debtors | 5 | - |  | 195,275 |  |

Cash at bank and in hand | 3,895 |  | 11,107 |  |

187,595 |  | 371,630 |  |

CREDITORS

Amounts falling due within one year | 6 | 491,989 |  | 672,631 |  |

NET CURRENT LIABILITIES | (304,394 | ) | (301,001 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 511,586 |  | 514,979 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 291,702 |  | 297,201 |  |

NET ASSETS | 219,884 |  | 217,778 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 219,882 |  | 217,776 |  |

219,884 |  | 217,778 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Scotway Property Ltd. (Registered number: SC191679)

Balance Sheet - continued

31 December 2024

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 director and authorised for issue on 24 September 2025 and were signed by:

Mr Loukas McGowan - Director

Scotway Property Ltd. (Registered number: SC191679)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Scotway Property 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.

| Land and buildings | - | in accordance with the property

| Plant and machinery etc | - | 25% on reducing balance

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

Scotway Property Ltd. (Registered number: SC191679)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 815,980 |  | 15,300 |  | 831,280 |  |

| DEPRECIATION

| At 1 January 2024

| and 31 December 2024 | - |  | 15,300 |  | 15,300 |  |

| NET BOOK VALUE

| At 31 December 2024 | 815,980 |  | - |  | 815,980 |  |

| At 31 December 2023 | 815,980 |  | - |  | 815,980 |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | - |  | 150,000 |  |

| Other debtors | - |  | 45,275 |  |

- |  | 195,275 |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans and overdrafts | 38,897 |  | 38,897 |  |

| Trade creditors | - |  | 26,823 |  |

| Taxation and social security | 592 |  | 1,037 |  |

| Other creditors | 452,500 |  | 605,874 |  |

491,989 |  | 672,631 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 291,702 |  | 297,201 |  |

Scotway Property Ltd.

Report of the Accountants to the Director of

Scotway Property 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

24 September 2025