REGISTERED NUMBER: 08325452 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BWSCD UK LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

79,302

84,123

CURRENT ASSETS

Debtors

5

588,654

1,119,859

Cash at bank

161,984

594,663

750,638

1,714,522

CREDITORS

Amounts falling due within one year

6

(518,417

)

(614,273

)

NET CURRENT ASSETS

232,221

1,100,249

TOTAL ASSETS LESS CURRENT LIABILITIES

311,523

1,184,372

PROVISIONS FOR LIABILITIES

8

(7,938

)

(8,776

)

NET ASSETS

303,585

1,175,596

CAPITAL AND RESERVES

Called up share capital

9

1

1

Profit and loss reserves

303,584

1,175,595

SHAREHOLDERS' FUNDS

303,585

1,175,596

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

C Swanson - Director

1.	COMPANY INFORMATION

BWSCD UK Limited is a private company limited by shares incorporated in England and Wales. The company's registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

2.	ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover represents service fees receivable from a related party. The service fees are recognised on an accruals basis in line with the expenditure incurred in the provision of services to the related party. Fees receivable are recognised on an accruals basis as the relevant services are provided.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements

Straight line over the life of the lease

Fixtures, fittings & equipment

Straight line over 3 years

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Plant and

buildings

machinery

Totals

£

£

£

COST

At 1 January 2025

132,928

47,932

180,860

Additions

-

18,783

18,783

At 31 December 2025

132,928

66,715

199,643

DEPRECIATION

At 1 January 2025

68,053

28,684

96,737

Charge for year

13,396

10,208

23,604

At 31 December 2025

81,449

38,892

120,341

NET BOOK VALUE

At 31 December 2025

51,479

27,823

79,302

At 31 December 2024

64,875

19,248

84,123

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by related parties

114,787

920,674

Other debtors

473,867

199,185

588,654

1,119,859

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

139,768

262,516

Taxation and social security

116,690

161,651

Other creditors

261,959

190,106

518,417

614,273

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

108,520

115,583

Between one and five years

-

108,520

108,520

224,103

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

7,938

8,776

Deferred

tax

£

Balance at 1 January 2025

8,776

Provided during year

(838

)

Balance at 31 December 2025

7,938

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1

Ordinary

£1

1

1

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditor's Report was unqualified.

Sarah Yardley FCA (Senior Statutory Auditor)

for and on behalf of mgr Audit Limited

11.	RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available in accordance with FRS 102 Section 33 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which they are party to the transactions.