Company No: 04705800 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Anthony Aidan Archer (Appointed 31 October 2025)
	Paulo Marcos Borrageiro (Resigned 31 October 2025)
	Steven Kenneth Woodhams

REGISTERED OFFICE	Davenport House
	16 Pepper Street
	London
	E14 9RP
	United Kingdom

COMPANY NUMBER

04705800 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	37,836		41,306
		37,836		41,306
Current assets
Debtors	4	117,006		116,748
Cash at bank and in hand		25,474		64,294
		142,480		181,042
Creditors: amounts falling due within one year	5	( 64,164)		( 36,172)
Net current assets		78,316		144,870
Total assets less current liabilities		116,152		186,176
Provision for liabilities		( 8,945)		( 9,709)
Net assets		107,207		176,467
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		106,207		175,467
Total shareholder's funds		107,207		176,467

For the financial year ending 28 February 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Statement of Comprehensive Income has not been delivered.

The financial statements of Borwood Limited (registered number: 04705800) were approved and authorised for issue by the Board of Directors on 03 June 2026. They were signed on its behalf by:

Steven Kenneth Woodhams Director

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 year, unless otherwise stated.

General information and basis of accounting

Borwood Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Davenport House, 16 Pepper Street, London, E14 9RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

33 % reducing balance

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 March 2025	108,362		108,362
Additions	12,990		12,990
At 28 February 2026	121,352		121,352
Accumulated depreciation
At 01 March 2025	67,056		67,056
Charge for the financial year	16,460		16,460
At 28 February 2026	83,516		83,516
Net book value
At 28 February 2026	37,836		37,836
At 28 February 2025	41,306		41,306

4. Debtors

	2026		2025
	£		£
Trade debtors	94,701		88,974
Other debtors	22,305		27,774
	117,006		116,748

Included within trade debtors are amounts owed by other group entities totaling £88,708 (2025 £88,313).

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	48,365		12,510
Corporation tax	6,584		7,928
Other taxation and social security	3,277		6,513
Other creditors	5,938		9,221
	64,164		36,172

Included within trade creditors are amounts owing to other group entities totaling £6,100 (2025 £-364).

6. Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

7. Ultimate controlling party

The parent company is Borwood Holdings PTE. LTD, a private company limited by shares, which is incorporated in the Republic of Singapore. The registered office and principal place of business is 3 Phillip Street #14-05, Royal Group Building, Singapore 048693.