REGISTERED NUMBER: SC741719 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Keir Morton Sword Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr K M Sword

REGISTERED OFFICE:

Rogersrigg House

Rogersrigg

Carlops

EH26 9NG

REGISTERED NUMBER:

SC741719 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

FIXED ASSETS

Investment property

4

1,384,979

573,032

CURRENT ASSETS

Debtors

5

55,967

5,288

Investments

6

-

10,866

Cash at bank

324,335

678,658

380,302

694,812

CREDITORS

Amounts falling due within one year

7

887,853

407,768

NET CURRENT (LIABILITIES)/ASSETS

(507,551

)

287,044

TOTAL ASSETS LESS CURRENT LIABILITIES

877,428

860,076

CREDITORS

Amounts falling due after more than one year

8

860,256

869,127

NET ASSETS/(LIABILITIES)

17,172

(9,051

)

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

17,112

(9,111

)

17,172

(9,051

)

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 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 6 June 2026 and were signed by:

Mr K M Sword - Director

1.	STATUTORY INFORMATION

Keir Morton Sword 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financialassets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and otheraccounts receivable and payable are initially measured at transaction price adjusted for transactioncosts. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured, initially and subsequently at theundiscounted amount of the cash or other consideration expected to be paid.

Debtors payable within one year, typically trade receivables, are measured initially and subsequently at theundiscounted amount of the cash or other consideration expected to be received.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

573,032

Additions

811,947

At 31 December 2025

1,384,979

NET BOOK VALUE

At 31 December 2025

1,384,979

At 31 December 2024

573,032

The valuation relates to two properties and these were both purchased during the year, so there is no material difference in the valuations at the year end.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

55,967

3,467

VAT

-

1,821

55,967

5,288

6.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Unlisted investments

-

10,866

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

6,063

945

Tax

4,065

-

VAT

102

-

Other creditors

5,900

2,400

Directors' current accounts

858,398

400,581

Accruals and deferred income

13,325

3,842

887,853

407,768

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

860,256

869,127

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the total amounts due to the Trusts held by three family members of the director was £860,256 (2024 £869,127 ) including interest accrued. Interest is being charged at a market rate. There is no fixed repayment date for the loans.

At the balance sheet date the company had an outstanding loan of £858,398 (2024 £400,581) to the director. This loan is interest free and has no formal repayment terms.