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REGISTERED NUMBER: SC551967 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Woodside (Scotland) Limited

Woodside (Scotland) Limited (Registered number: SC551967)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Woodside (Scotland) Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | N Farmer

| K H Ip

| REGISTERED OFFICE: | 28 Rutland Sqaure

| Edinburgh

| EH1 2BW

| REGISTERED NUMBER: | SC551967 (Scotland)

| ACCOUNTANTS: | Gibson McKerrell Burrows Limited

| 28 Rutland Square

| Edinburgh

| EH1 2BW

Woodside (Scotland) Limited (Registered number: SC551967)

Statement of Financial Position

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 2,798,220 |  | 2,798,220 |  |

CURRENT ASSETS

Debtors | 5 | 30,544 |  | 41,430 |  |

Cash at bank | 29,515 |  | 45,645 |  |

60,059 |  | 87,075 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,685,414 |  | 1,811,937 |  |

NET CURRENT LIABILITIES | (1,625,355 | ) | (1,724,862 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,172,865 |  | 1,073,358 |  |

PROVISIONS FOR LIABILITIES | 7 | 24,796 |  | 24,796 |  |

NET ASSETS | 1,148,069 |  | 1,048,562 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,147,969 |  | 1,048,462 |  |

1,148,069 |  | 1,048,562 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 7 April 2026 and were signed on its behalf by:

N Farmer - Director

Woodside (Scotland) Limited (Registered number: SC551967)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Woodside (Scotland) 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is attributable to the company's principal activity of property rental.

| Investment property

| Investment properties are properties held to earn rentals and/or for capital appreciation.

| Investment properties are initially measured at cost, including transaction costs. Subsequently, investment properties whose fair value can be measured reliably without undue cost or effort, on an on-going basis, are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in Statement of Comprehensive Income in the period in which they arise.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and payables, loans from banks and other third parties.

| At the end of each reporting period, financial assets that are measured at cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Statement of Comprehensive Income.

| Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party.

| Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| 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 statement of financial position date.

Woodside (Scotland) Limited (Registered number: SC551967)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 2,798,220 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,798,220 |  |

| At 31 December 2024 | 2,798,220 |  |

| Investment property is being carried at fair value and the directors are of the opinion that cost is a fair value of the property.

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

2025 | 2024 |

£ | £ |

| Other debtors | 30,544 |  | 41,430 |  |

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

2025 | 2024 |

£ | £ |

| Corporation tax | 33,169 |  | 42,494 |  |

| VAT | 9,090 |  | 7,354 |  |

| Directors' current accounts | 1,638,089 |  | 1,759,089 |  |

| Accruals and deferred income | 5,066 |  | 3,000 |  |

1,685,414 |  | 1,811,937 |  |

7. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 24,796 |  | 24,796 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 24,796 |  |

| Balance at 31 December 2025 | 24,796 |  |

Woodside (Scotland) Limited (Registered number: SC551967)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 | 2024 |

£ | £ |

| N Farmer and K H Ip

| Balance outstanding at start of year | (1,759,089 | ) | (1,904,089 | ) |

| Amounts advanced | 181,000 |  | 145,000 |  |

| Amounts repaid | (60,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (1,638,089 | ) | (1,759,089 | ) |