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REGISTERED NUMBER: SC234873 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

STEWART IFA LIMITED

| STEWART IFA LIMITED (REGISTERED NUMBER: SC234873) |

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 7 |

| STEWART IFA LIMITED |

Company Information

for the Year Ended 31 August 2025

| DIRECTORS: | L G Bursle

| S Gallagher

| REGISTERED OFFICE: | 5 Windsor Place

| Main Street

| Bridge of Weir

| Renfrewshire

| PA11 3AF

| REGISTERED NUMBER: | SC234873 (Scotland)

| ACCOUNTANTS: | Sharles Ltd

| Chartered Accountants

| 29 Brandon Street

| Hamilton

| ML3 6DA

| BANKERS: | The Royal Bank of Scotland plc

| Paisley Chief Office

| 1 Moncrieff Street

| Paisley

| PA1 2AW

| STEWART IFA LIMITED (REGISTERED NUMBER: SC234873) |

Balance Sheet

31 August 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 197,753 |  | 204,231 |  |

197,753 |  | 204,231 |  |

CURRENT ASSETS

Debtors | 7 | 185,154 |  | 155,448 |  |

Cash at bank | 2,062,838 |  | 1,750,063 |  |

2,247,992 |  | 1,905,511 |  |

CREDITORS

Amounts falling due within one year | 8 | 173,540 |  | 165,348 |  |

NET CURRENT ASSETS | 2,074,452 |  | 1,740,163 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,272,205 |  | 1,944,394 |  |

PROVISIONS FOR LIABILITIES | 204 |  | 408 |  |

NET ASSETS | 2,272,001 |  | 1,943,986 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 2,271,901 |  | 1,943,886 |  |

SHAREHOLDERS' FUNDS | 2,272,001 |  | 1,943,986 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

| STEWART IFA LIMITED (REGISTERED NUMBER: SC234873) |

Balance Sheet - continued

31 August 2025

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 11 May 2026 and were signed on its behalf by:

L G Bursle - Director

| STEWART IFA LIMITED (REGISTERED NUMBER: SC234873) |

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| Stewart IFA 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. | STATEMENT OF COMPLIANCE

| 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. There were no material departures from that standard.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is derived from financial services supplied by the company.

| Turnover is measured at the fair value of financial services supplied and is recognised at the point the company obtains the right to consideration.

| Goodwill

| Goodwill, being the amount attributable to the acquisition of a connected business in 2003, is being amortised evenly over its estimated useful life of ten years.

| 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 | - | 2% on cost

| Plant and machinery etc | - | 25% on cost

| Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

| At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

| 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.

| STEWART IFA LIMITED (REGISTERED NUMBER: SC234873) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

3. | ACCOUNTING POLICIES - continued

| 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.

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 10 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 30,131 |  |

| AMORTISATION

| At 1 September 2024

| and 31 August 2025 | 30,131 |  |

| NET BOOK VALUE

| At 31 August 2025 | - |  |

| At 31 August 2024 | - |  |

6. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 September 2024

| and 31 August 2025 | 283,130 |  | 14,486 |  | 297,616 |  |

| DEPRECIATION

| At 1 September 2024 | 80,531 |  | 12,854 |  | 93,385 |  |

| Charge for year | 5,662 |  | 816 |  | 6,478 |  |

| At 31 August 2025 | 86,193 |  | 13,670 |  | 99,863 |  |

| NET BOOK VALUE

| At 31 August 2025 | 196,937 |  | 816 |  | 197,753 |  |

| At 31 August 2024 | 202,599 |  | 1,632 |  | 204,231 |  |

| STEWART IFA LIMITED (REGISTERED NUMBER: SC234873) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

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

2025 | 2024 |

£ | £ |

| Other debtors | 185,154 |  | 155,448 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 134,028 |  | 127,689 |  |

| Other creditors | 39,512 |  | 37,659 |  |

173,540 |  | 165,348 |  |

9. | RELATED PARTY DISCLOSURES

| The company operated a loan account with it's former director, N C Stewart MLIA (dip).

| During the year, the company advanced loans totalling £60,469 to the director. At the year end, the balance due to from the director was £59,968 (2024 - due to director £501). The loan was repaid on 12 September 2025.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Stewart IFA Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stewart IFA Limited for the year ended 31 August 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Stewart IFA Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stewart IFA Limited and state those matters that we have agreed to state to the Board of Directors of Stewart IFA Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stewart IFA Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stewart IFA Limited. You consider that Stewart IFA Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stewart IFA Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

11 May 2026