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REGISTERED NUMBER: SC325398 (Scotland)

Financial Statements for the Year Ended 31st December 2024

for

Mouswald Park Limited

| Mouswald Park Limited (Registered number: SC325398) |

Contents of the Financial Statements

for the Year Ended 31st December 2024

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |  | to |  | 5

| Mouswald Park Limited |

Company Information

for the Year Ended 31st December 2024

| DIRECTORS: | B Wetherley

| Mrs J Wetherley

| K P Taylor

| P B R Taylor

| Mrs S J Taylor

| N E Carlyle

| D A Gifford

| S A MacDonald

| REGISTERED OFFICE: | C/O Farries, Kirk & McVean

| Dumfries Enterprise Park

| Heathhall

| Dumfries

| DUMFRIESSHIRE

| DG1 3SJ

| REGISTERED NUMBER: | SC325398 (Scotland)

| AUDITORS: | Farries, Kirk & McVean

| Chartered Accountants

| Statutory Auditors

| Dumfries Enterprise Park

| Heathhall

| Dumfries

| DUMFRIESSHIRE

| DG1 3SJ

| Mouswald Park Limited (Registered number: SC325398) |

Balance Sheet

31st December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,408,450 |  | 1,412,085 |  |

CURRENT ASSETS

Stocks | 722,561 |  | 722,561 |  |

Debtors | 5 | 12,047 |  | 12,291 |  |

Cash at bank and in hand | 10,372 |  | 265,451 |  |

744,980 |  | 1,000,303 |  |

CREDITORS

Amounts falling due within one year | 6 | (1,596,251 | ) | (1,841,755 | ) |

NET CURRENT LIABILITIES | (851,271 | ) | (841,452 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 557,179 |  | 570,633 |  |

PROVISIONS FOR LIABILITIES | (12,213 | ) | (11,159 | ) |

NET ASSETS | 544,966 |  | 559,474 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 544,866 |  | 559,374 |  |

544,966 |  | 559,474 |  |

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 Board of Directors and authorised for issue on 5th November 2025 and were signed on its behalf by:

Mrs S J Taylor - Director

| Mouswald Park Limited (Registered number: SC325398) |

Notes to the Financial Statements

for the Year Ended 31st December 2024

1. | STATUTORY INFORMATION

| Mouswald Park Limited 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 | - | 1% on reducing balance

| Plant and machinery etc | - | 25% on reducing balance and 15% on reducing balance

| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Mouswald Park Limited (Registered number: SC325398) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade debtors

| Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

| Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

| Borrowings

| Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

| Provisions and contingencies

| Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024 | 1,495,306 |  | 196,553 |  | 1,691,859 |  |

| Additions | - |  | 11,963 |  | 11,963 |  |

| At 31st December 2024 | 1,495,306 |  | 208,516 |  | 1,703,822 |  |

| DEPRECIATION

| At 1st January 2024 | 128,796 |  | 150,978 |  | 279,774 |  |

| Charge for year | 6,910 |  | 8,688 |  | 15,598 |  |

| At 31st December 2024 | 135,706 |  | 159,666 |  | 295,372 |  |

| NET BOOK VALUE

| At 31st December 2024 | 1,359,600 |  | 48,850 |  | 1,408,450 |  |

| At 31st December 2023 | 1,366,510 |  | 45,575 |  | 1,412,085 |  |

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

2024 | 2023 |

£ | £ |

| Other debtors | 12,047 |  | 12,291 |  |

| Mouswald Park Limited (Registered number: SC325398) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

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

2024 | 2023 |

£ | £ |

| Trade creditors | 79,761 |  | 147,267 |  |

| Amounts owed to group undertakings | 1,426,415 |  | 1,612,337 |  |

| Taxation and social security | 6,965 |  | 6,131 |  |

| Other creditors | 83,110 |  | 76,020 |  |

1,596,251 |  | 1,841,755 |  |

7. | SECURED DEBTS

| The company's bank facilities form part of the Group facility extended by HSBC to the Group's parent company, Border Caravans Limited. These facilities are secured by way of unlimited guarantee and bond and floating charges over the assets of that company.

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mr Rodney Palmer, BA, CA (Senior Statutory Auditor)

| for and on behalf of Farries, Kirk & McVean

9. | RELATED PARTY DISCLOSURES

| The company made purchases of £0 (2023 - £33,833) from the parent company, and purchases of £0 (2023 - £64,729) from other group companies. During the year the company paid management fees of £36,000 (2023 - £36,000). The company paid no dividends to the parent company in the year.

| The company has inter-company debtors of £45,000 (2023 - £105,000) at the year end.

| The company has an interest free loan from the parent company. £1,407,096 (2023 - £1,593,018) was owing at the year end to the parent company.

| The company owed £55,683 (2023 - £55,683) to other group companies at the year end for expenses.

| The company operates an interest free loan with group companies. £19,319 (2023 - £19,319) was owing at the year end to the group companies.

10. | ULTIMATE CONTROLLING PARTY

| The company is fully under the control of Border Caravans Limited, a company incorporated in Scotland, which owns 100% of the share capital. The parent company registered office is at Farries, Kirk & McVean, Dumfries Enterprise Park, Dumfries, DG1 3SJ.