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Company No: SC591232 (Scotland)

# NORTON PROPERTIES SCOTLAND LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

NORTON PROPERTIES SCOTLAND LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025

Contents

NORTON PROPERTIES SCOTLAND LTD

## BALANCE SHEET

AS AT 31 DECEMBER 2025
NORTON PROPERTIES SCOTLAND LTD

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2025

| Note | 31.12.2025 |  | 31.12.2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 1,868,972 |  | 1,868,972
|  | 1,868,972 |  | 1,868,972
Current assets |  |  |  |
Debtors | 4 | 8,915,000 |  | 3,766,240
Cash at bank and in hand | 5 | 151,910 |  | 609,861
|  | 9,066,910 |  | 4,376,101
Creditors: amounts falling due within one year | 6 | ( 10,690,369) |  | ( 5,994,604)
Net current liabilities |  | (1,623,459) |  | (1,618,503)
Total assets less current liabilities |  | 245,513 |  | 250,469
Net assets |  | 245,513 |  | 250,469
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 245,413 |  | 250,369
Total shareholders' funds |  | 245,513 |  | 250,469

For the financial year ending 31 December 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Norton Properties Scotland Ltd (registered number: SC591232) were approved and authorised for issue by the Board of Directors on 30 April 2026. They were signed on its behalf by:

Mark Grier Director |

NORTON PROPERTIES SCOTLAND LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
NORTON PROPERTIES SCOTLAND LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Norton Properties Scotland Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Eastcroft House, 25 Woodhall Road, Wishaw, ML2 8PY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

The previous reporting period covers 13 months from 1 December 2023 until 31 December 2024. The current accounting period covers a 12 month period so results aren't completely comparable.

##### Turnover

Turnover is recognised at the fair value of the consideration received for rental of investment properties in the normal course of business.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| Year ended 31.12.2025 |  | Period from 01.12.2023 to 31.12.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Fixed asset investments

Investments in subsidiaries

| 31.12.2025
| £
Cost |
At 01 January 2025 | 1,868,972
At 31 December 2025 | 1,868,972
Carrying value at 31 December 2025 | 1,868,972
Carrying value at 31 December 2024 | 1,868,972

Investments in shares

Name of entity | Registered office | Principal activity | Class of shares | Ownership 31.12.2025 | Ownership 31.12.2024
Foundry Park Ltd | Foundry Park Lows Lane, Stanton-By-Dale, Ilkeston, Derbyshire, DE7 4QU | Construction of civil engineering projects | Ordinary | 50.00% | 50.00%
Foundry Park 2 Ltd | Lows Lane, Stanton-By-Dale, Ilkeston, United Kingdom, DE7 4QU | Real estate | Ordinary | 50.00% | 50.00%

#### 4. Debtors

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Trade debtors | 0 |  | 2,240
Other debtors | 8,915,000 |  | 3,764,000
| 8,915,000 |  | 3,766,240

#### 5. Cash and cash equivalents

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Cash at bank and in hand | 151,910 |  | 609,861

#### 6. Creditors: amounts falling due within one year

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Trade creditors | 0 |  | 1,124
Taxation and social security | 60 |  | 12,671
Other creditors | 10,690,309 |  | 5,980,809
| 10,690,369 |  | 5,994,604

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

#### 7. Called-up share capital

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 8. Related party transactions

Transactions with the entity's directors

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Amounts owed to directors | 7,226,807 |  | 5,976,807

The above loan is unsecured, interest-free and repayable on demand.

Other related party transactions

| 31.12.2025 |  | 31.12.2024
| £ |  | £
Amounts owed from related parties | 5,455,000 |  | 3,764,000

The above loans are unsecured, interest-free and repayable on demand.