REGISTERED NUMBER: SC102538 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Blythswood Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Watt FRICS

Mrs I R S Watt

SECRETARY:

A J Watt FRICS

REGISTERED OFFICE:

160 West George Street

Glasgow

G2 2HQ

REGISTERED NUMBER:

SC102538 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Tangible assets

4

175

334

Investments

5

36,850

36,850

Investment property

6

800,000

800,000

837,025

837,184

CURRENT ASSETS

Debtors

7

7,752

7,252

Cash at bank

6,908

25,451

14,660

32,703

CREDITORS

Amounts falling due within one year

8

47,715

53,422

NET CURRENT LIABILITIES

(33,055

)

(20,719

)

TOTAL ASSETS LESS CURRENT LIABILITIES

803,970

816,465

CREDITORS

Amounts falling due after more than one year

9

(327,199

)

(337,929

)

PROVISIONS FOR LIABILITIES

(53,656

)

(53,656

)

NET ASSETS

423,115

424,880

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Fair value reserve

11

-

(491,688

)

Capital redemption reserve

11

250,000

250,000

Retained earnings

11

(76,885

)

416,568

SHAREHOLDERS' FUNDS

423,115

424,880

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by:

A J Watt FRICS - Director

1.	STATUTORY INFORMATION

Blythswood Group 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Gross rents received and receivable from properties are included in the profit and loss account. Provision is made for any rents due not considered recoverable.

Tangible fixed assets

Tangible fixed assets are stated at their purchase price, together with any incidental expenses of acquisition.

Provision for depreciation is made so as to write off the cost of tangible fixed assets less their residual value on a straight line basis over the expected useful economic life to the entity of the asset concerned or, if held under a finance lease, over the lease term, whichever is the shorter. Depreciation is charged over the following periods:

Fixtures & Fittings - 15% on cost

Investment property

Investment properties are included at fair value at the Balance Sheet Date. Deferred tax is provided as appropriate on any revaluations.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less impairment. Loans receivable are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

4,245

DEPRECIATION

At 1 April 2024

3,911

Charge for year

159

At 31 March 2025

4,070

NET BOOK VALUE

At 31 March 2025

175

At 31 March 2024

334

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

68,367

PROVISIONS

At 1 April 2024

and 31 March 2025

31,517

NET BOOK VALUE

At 31 March 2025

36,850

At 31 March 2024

36,850

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

800,000

NET BOOK VALUE

At 31 March 2025

800,000

At 31 March 2024

800,000

The investment properties were valued on a fair value basis on 31 March 2025 by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

7,752

7,252

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,800

9,800

Taxation and social security

-

87

Other creditors

37,915

43,535

47,715

53,422

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

327,199

337,929

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

336,999

347,729

The bank loan's are secured by standard securities over the investment properties owned by the company and by a floating charge.

11.

RESERVES

Fair

Capital

Retained

value

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2024

416,568

(491,688

)

250,000

174,880

Deficit for the year

(1,765

)

(1,765

)

Transfer of fair value reserve

(491,688

)

491,688

-

-

At 31 March 2025

(76,885

)

-

250,000

173,115

During the year a transfer between reserves was made to eliminate the debit balance on the fair value reserve.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

A J Watt FRICS and Mrs I R S Watt

Balance outstanding at start of year

5,462

14,862

Amounts repaid

-

(9,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,462

The above loan is interest free and has no fixed repayment date.

13.	ULTIMATE CONTROLLING PARTY