Gardenstream Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Gardenstream Limited for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gardenstream Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Gardenstream Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gardenstream Limited and state those matters that we have agreed to state to the directors of Gardenstream Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gardenstream Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Gardenstream Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Gardenstream Limited . You consider that Gardenstream Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Gardenstream Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

12 August 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Gardenstream Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: SC263114

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,121		3,796
Investment Properties	5		-		570,000
Investments	6		151,027		-

			153,148		573,796
CURRENT ASSETS
Stocks	7	270,811		264,422
Debtors	8	200,000		-
Cash at bank and in hand		444,774		417,468

		915,585		681,890
Creditors: Amounts Falling Due Within One Year	9	(148,470 )		(120,201 )

NET CURRENT ASSETS (LIABILITIES)			767,115		561,689

TOTAL ASSETS LESS CURRENT LIABILITIES			920,263		1,135,485

Creditors: Amounts Falling Due After More Than One Year	10		-		(89,200 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(521 )		(949 )

NET ASSETS			919,742		1,045,336

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			919,642		1,045,236

SHAREHOLDERS' FUNDS			919,742		1,045,336

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Gardenstream Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 12 August 2026 and were signed on its behalf by:

Mr M Moreton

Director

The notes on pages 4 to 8 form part of these financial statements.

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Gardenstream Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Gardenstream Limited is a private company, limited by shares, incorporated in Scotland, registered number SC263114 . The registered office is 2 Aitken Den, Letham Grange, Arbroath, Angus, DD11 4QS.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

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.

2.3. Turnover

Revenue is measured at fair value of the consideration received or receivable for services provided in the ordinary course ofthe business.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost
Improvements to Property	10% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on these adjustments at the rate expected to apply when the properties are sold.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Gardenstream Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

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Gardenstream Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Plant & Machinery	Improvements to Property	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 April 2025	35,432	3,187	5,668	1,802	46,089
Disposals	-	(3,187 )	(5,668 )	-	(8,855 )

As at 31 March 2026	35,432	-	-	1,802	37,234

Depreciation
As at 1 April 2025	31,894	3,187	5,668	1,544	42,293
Provided during the period	1,530	-	-	145	1,675
Disposals	-	(3,187 )	(5,668 )	-	(8,855 )

As at 31 March 2026	33,424	-	-	1,689	35,113

Net Book Value
As at 31 March 2026	2,008	-	-	113	2,121

As at 1 April 2025	3,538	-	-	258	3,796

5. Investment Property

	2026
	£
Fair Value
As at 1 April 2025	570,000
Disposals	(570,000 )

As at 31 March 2026	-

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	-	861,195

6. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2025	-
Additions	163,722
Revaluations	(12,695 )

As at 31 March 2026	151,027

Provision
As at 1 April 2025	-

As at 31 March 2026	-

...CONTINUED

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Gardenstream Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	151,027

As at 1 April 2025	-

The investments have been revalued on an open market basis by Rednaybe Bentley at 31 March 2026.

7. Stocks

	2026	2025
	£	£
Work in progress	270,811	264,422

8. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	200,000	-

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	380
Corporation tax	5,078	-
Other creditors	-	256
Accruals and deferred income	-	2,133
Directors' loan accounts	143,392	117,432

	148,470	120,201

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other loans	-	89,200

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	949	949
Deferred taxation	(429 )	(429 )

Balance at 31 March 2026	520	520

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Gardenstream Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mrs Sharon Donald	(39,179 )	-	(1,257 )	-	(40,436 )
Mr Michael Moreton	(78,252 )	25,400	(50,103 )	-	(102,955 )

The above loan is interest free and has no fixed repayment terms.

13. Related Party Transactions

At 31 March 2026 there was an outstanding loan, due to owners with a participating interest in the company of £nil

(2025: £89,200). This loan is interest free and there are no fixed repayment terms.

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