Registration number: SC634306

JWL Investments Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

JWL Investments Limited

Company Information

Directors

M Watson A Watson K Watson

Registered office

Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Accountants

M&S Accountancy and Taxation Limited Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

JWL Investments Limited

(Registration number: SC634306)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	942	3,171
Investment property	5	4,205,000	5,065,000
		4,205,942	5,068,171
Current assets
Debtors	6	220,405	221,255
Cash at bank and in hand		325,664	244,121
		546,069	465,376
Creditors: Amounts falling due within one year	7	(1,033,480)	(949,704)
Net current liabilities		(487,411)	(484,328)
Total assets less current liabilities		3,718,531	4,583,843
Creditors: Amounts falling due after more than one year	7	(1,667)	(261,667)
Provisions for liabilities		(453)	(602)
Net assets		3,716,411	4,321,574
Capital and reserves
Called up share capital	8	120,000	120,000
Share premium reserve		3,529,596	3,529,596
Revaluation reserve		40,000	-
Retained earnings		26,815	671,978
Shareholders' funds		3,716,411	4,321,574

For the financial 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' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

JWL Investments Limited

(Registration number: SC634306)
Balance Sheet as at 31 March 2025

......................................... A Watson Director

JWL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT.

Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Tangible assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

JWL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Asset class	Depreciation method and rate
Fixtures and Fittings	20% Straight line
Office Equipment	33% Straight line

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Santander UK PLC currently holds a fixed charge over 42-45 Queensferry Street, Edinburgh, EH2 4RA

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

JWL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	10,205	2,322	12,527
Additions	-	869	869
At 31 March 2025	10,205	3,191	13,396
Depreciation
At 1 April 2024	7,824	1,532	9,356
Charge for the year	2,021	1,077	3,098
At 31 March 2025	9,845	2,609	12,454
Carrying amount
At 31 March 2025	360	582	942
At 31 March 2024	2,381	790	3,171

5	Investment properties

	2025 £
At 1 April	5,065,000
Fair value adjustments	(860,000)
At 31 March	4,205,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2025 £	2024 £
Trade debtors	23,312	24,924
Other debtors	197,093	196,331
	220,405	221,255

JWL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings		61,000	90,000
Taxation and social security		105,074	93,492
Accruals and deferred income		3,500	3,056
Other creditors		863,906	763,156
		1,033,480	949,704

Included in bank loans and overdrafts are amounts totalling £51,000 which are secured by a floating charge over the company's assets.

Also included in bank loans and overdrafts are amounts advanced under the Bounce Back Loan Scheme totalling £10,000. This is fully backed by a government guarantee.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings		1,667	261,667

Also included in bank loans and overdrafts are amounts advanced under the Bounce Back Loan Scheme totalling £1,667. This is fully backed by a government guarantee.

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary of £1 each	54,000	54,000	54,000	54,000
B Ordinary of £1 each	54,000	54,000	54,000	54,000
C Ordinary of £1 each	12,000	12,000	12,000	12,000
	120,000	120,000	120,000	120,000

JWL Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

Loans to related parties

2025	Other related parties £	Total £
At start of period	195,740	195,740
At end of period	195,740	195,740

Loans from related parties

2025	Other related parties £	Total £
At start of period	212,793	212,793
Interest transactions	4,775	4,775
At end of period	217,568	217,568