REGISTERED NUMBER: SC223115 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Westside Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B W Irvine

Mrs I J Irvine

SECRETARY:

Mrs I J Irvine

REGISTERED OFFICE:

Nyrhus

Effirth

Bixter

Shetland

ZE2 9LY

REGISTERED NUMBER:

SC223115 (Scotland)

ACCOUNTANTS:

Mackay Johnson Ltd

2 North Ness Business Park

Lerwick

Shetland

ZE1 0LZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

376,852

619,252

Investments

6

579,680

579,680

956,532

1,198,932

CURRENT ASSETS

Debtors

7

86,562

62,122

Cash at bank

407,362

148,028

493,924

210,150

CREDITORS

Amounts falling due within one year

8

26,779

28,609

NET CURRENT ASSETS

467,145

181,541

TOTAL ASSETS LESS CURRENT LIABILITIES

1,423,677

1,380,473

PROVISIONS FOR LIABILITIES

20,526

9,724

NET ASSETS

1,403,151

1,370,749

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,403,051

1,370,649

SHAREHOLDERS' FUNDS

1,403,151

1,370,749

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 10 April 2026 and were signed on its behalf by:

B W Irvine - Director

Mrs I J Irvine - Director

1.	STATUTORY INFORMATION

Westside Holdings 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

is not depreciated

Improvements to property

-

is not depreciated

Tenants improvements

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

15,000

AMORTISATION

At 1 January 2025

and 31 December 2025

15,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Tenants

Plant and

property

property

improvements

machinery

£

£

£

£

COST

At 1 January 2025

500,889

45,954

51,180

28,425

Additions

-

-

-

-

Disposals

(234,030

)

(45,954

)

-

-

At 31 December 2025

266,859

-

51,180

28,425

DEPRECIATION

At 1 January 2025

-

-

18,175

13,077

Charge for year

-

-

5,118

2,302

Eliminated on disposal

-

-

-

-

At 31 December 2025

-

-

23,293

15,379

NET BOOK VALUE

At 31 December 2025

266,859

-

27,887

13,046

At 31 December 2024

500,889

45,954

33,005

15,348

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

32,004

57,657

14,194

730,303

Additions

-

59,220

-

59,220

Disposals

(15,661

)

(30,106

)

-

(325,751

)

At 31 December 2025

16,343

86,771

14,194

463,772

DEPRECIATION

At 1 January 2025

24,877

42,371

12,551

111,051

Charge for year

3,184

5,842

724

17,170

Eliminated on disposal

(15,660

)

(25,641

)

-

(41,301

)

At 31 December 2025

12,401

22,572

13,275

86,920

NET BOOK VALUE

At 31 December 2025

3,942

64,199

919

376,852

At 31 December 2024

7,127

15,286

1,643

619,252

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

579,680

NET BOOK VALUE

At 31 December 2025

579,680

At 31 December 2024

579,680

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

17,596

Other debtors

86,562

44,526

86,562

62,122

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

1,824

4,728

Taxation and social security

4,603

20,154

Other creditors

20,352

3,727

26,779

28,609