REGISTERED NUMBER: SC827538 (Scotland)

FOR2NEWTOWN LTD

Unaudited Financial Statements

for the Period

31 October 2024 to 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A C Y Ho

REGISTERED OFFICE:

41 Frederick Street

Edinburgh

Midlothian

EH2 1EP

REGISTERED NUMBER:

SC827538 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

HSBC

76 Hanover Street

Edinburgh

EH2 1EL

FIXED ASSETS

Tangible assets

4

409,395

CURRENT ASSETS

Stocks

10,000

Debtors

5

28,845

Cash at bank

120,982

159,827

CREDITORS

Amounts falling due within one year

6

187,635

NET CURRENT LIABILITIES

(27,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

381,587

CREDITORS

Amounts falling due after more than one year

7

(293,766

)

PROVISIONS FOR LIABILITIES

(16,898

)

NET ASSETS

70,923

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

70,823

70,923

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 May 2026 and were signed by:

Mr A C Y Ho - Director

1.	STATUTORY INFORMATION

FOR2NEWTOWN LTD 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 and revenue recognition

Turnover, which represents net invoiced sales of goods exclusive of value added tax, is recognised at the point when a meal is served or delivered to the customer.

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

-

over lease term

Plant and machinery etc

-

33% on cost, 25% on cost, 20% on cost and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation

Taxation for the period 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 period 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.

Leases

The company recognises a right-of-use asset and a corresponding lease liability for leases where it has the right to control the use of an asset for a period of time. The right-of-use asset is depreciated over the lease term, and the lease liability is measured at the present value of future lease payments, with interest charged to profit and loss over the term of the lease. Lease payments for short-term or low-value leases are expensed as incurred.

Provisions for liabilities

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

315,817

129,233

445,050

At 31 October 2025

315,817

129,233

445,050

DEPRECIATION

Charge for period

21,055

14,600

35,655

At 31 October 2025

21,055

14,600

35,655

NET BOOK VALUE

At 31 October 2025

294,762

114,633

409,395

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

28,845

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

9,730

Other creditors

177,905

187,635

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

293,766

8.	RELATED PARTY DISCLOSURES

Fortuna Edinburgh Ltd is a company of which Mr Andy C Y Ho is a director and shareholder. During the period, Fortuna Edinburgh Ltd loaned £131,830 to the company. The company repaid £2,830 to Fortuna Edinburgh Ltd. The balance of £129,000 was due to Fortuna Edinburgh Ltd at 31 October 2025 and is interest free and repayable on demand.

During the period, the director loaned £20,000 to the company and paid expenses totalling £2,394 on behalf of the company. The balance of £22,294 was due to the director at 31 October 2025, of which £100 is related to shares issued. The balance is interest free, unsecured and repayable on demand.