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REGISTERED NUMBER: SC237670 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

V Twin Brands Ltd

V Twin Brands Ltd (Registered number: SC237670)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

V Twin Brands Ltd

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | W G Gordon

| REGISTERED OFFICE: | Unit 16

| 31 Gordon Avenue

| Hillington Park

| Glasgow

| G52 4TG

| REGISTERED NUMBER: | SC237670 (Scotland)

| ACCOUNTANTS: | McLay McAlister & McGibbon LLP

| Chartered Accountants

| 145 St Vincent Street

| Glasgow

| G2 5JF

V Twin Brands Ltd (Registered number: SC237670)

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,769 |  | 2,359 |  |

Tangible assets | 5 | 61,771 |  | 21,309 |  |

63,540 |  | 23,668 |  |

CURRENT ASSETS

Stocks | 600,835 |  | 456,402 |  |

Debtors | 6 | 852,167 |  | 891,103 |  |

Cash at bank and in hand | 52,385 |  | 2,669 |  |

1,505,387 |  | 1,350,174 |  |

CREDITORS

Amounts falling due within one year | 7 | (2,295,706 | ) | (1,634,898 | ) |

NET CURRENT LIABILITIES | (790,319 | ) | (284,724 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (726,779 | ) | (261,056 | ) |

CAPITAL AND RESERVES

Called up share capital | 400 |  | 400 |  |

Share premium | 7,499,002 |  | 7,499,002 |  |

Retained earnings | (8,226,181 | ) | (7,760,458 | ) |

SHAREHOLDERS' FUNDS | (726,779 | ) | (261,056 | ) |

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

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

V Twin Brands Ltd (Registered number: SC237670)

Balance Sheet - continued

31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2026 and were signed by:

W G Gordon - Director

V Twin Brands Ltd (Registered number: SC237670)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| V Twin Brands 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The accounts have been prepared on a going concern basis. The director believes that the company has adequate resources to continue trading.

| Turnover

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

| Intangible fixed assets

| Amortisation is provided on computer software at the following annual rate -25% on reducing balance.

| Tangible fixed assets

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

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

| The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

| 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

| Debtors

| Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

| Cash and cash equivalents

| Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

| Creditors

| Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

| 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 7 (2024 - 8 ) .

V Twin Brands Ltd (Registered number: SC237670)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 293,851 |  |

| AMORTISATION

| At 1 April 2024 | 291,492 |  |

| Charge for year | 590 |  |

| At 31 March 2025 | 292,082 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,769 |  |

| At 31 March 2024 | 2,359 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 107,337 |  |

| Additions | 59,145 |  |

| Disposals | (18,000 | ) |

| At 31 March 2025 | 148,482 |  |

| DEPRECIATION

| At 1 April 2024 | 86,028 |  |

| Charge for year | 17,986 |  |

| Eliminated on disposal | (17,303 | ) |

| At 31 March 2025 | 86,711 |  |

| NET BOOK VALUE

| At 31 March 2025 | 61,771 |  |

| At 31 March 2024 | 21,309 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 17,492 |  | 12,723 |  |

| Other debtors | 834,675 |  | 878,380 |  |

852,167 |  | 891,103 |  |

V Twin Brands Ltd (Registered number: SC237670)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 20,074 |  | 32,948 |  |

| Taxation and social security | 5,368 |  | 14,485 |  |

| Other creditors | 2,270,264 |  | 1,587,465 |  |

2,295,706 |  | 1,634,898 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| At the end of the period, the company owed the director £2,248,152 (2024: £1,558,152). The loan, which is included in other creditors, is interest free and repayable on demand.