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COMPANY REGISTRATION NUMBER: SC105034

HOWTIN INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

HOWTIN INVESTMENTS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

HOWTIN INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | – | 175,000
Investments | 6 |  | 1 | 14,101
|  | ---- | ----------
|  | 1 | 189,101

Current assets

Stocks | – |  | 20,917
Debtors | 7 | 676,293 |  | 3,620,614
Cash at bank and in hand | 427,752 |  | 129,893
| ------------- |  | -------------
| 1,104,045 |  | 3,771,424

Creditors: amounts falling due within one year | 8 | ( 839,100) |  | ( 816,254)
| ------------- |  | -------------
Net current assets |  | 264,945 | 2,955,170
|  | ---------- | -------------
Total assets less current liabilities |  | 264,946 | 3,144,271
|  | ---------- | -------------
Net assets |  | 264,946 | 3,144,271
|  | ---------- | -------------

HOWTIN INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 1,000 | 1,000
Revaluation reserve |  | – | ( 195,087)
Capital redemption reserve |  | 99,000 | 99,000
Profit and loss account |  | 164,946 | 3,239,358
|  | ---------- | -------------
Shareholders funds |  | 264,946 | 3,144,271
|  | ---------- | -------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 August 2026 , and are signed on behalf of the board by:

C E N Howard
Director

Company registration number: SC105034

HOWTIN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Whitehall House, 33 Yeoman Shore, Dundee, DD1 4BJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company ceased trading during the year. As a result, the directors do not consider the company to be a going concern and the financial statements have been prepared on a realisation basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, which are described in note 3, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The only significant judgement and estimate made by the Directors is in relation to investment properties which have been valued by the Directors on a fair value basis.
Revenue recognition
The turnover shown in the profit and loss account represents the sales of trading properties during the year. Sales of investment properties are shown as profits or losses on disposal. Property sales are recognised on the unconditional exchange of contracts, exclusive of Value Added Tax. Rental income is recognised on a receivable basis and disclosed with other operating income.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
All fixed assets are initially recorded at cost.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Properties
(i) Investment properties are valued each year by the directors on an open market basis. Any surplus or deficit arising is transferred to revaluation reserve, unless a deficit is expected to be permanent, in which case it is charged to the profit and loss account. The profit on disposal is based on book value. Where properties held for investment are appropriated to trading stock, they are transferred at market value.
(ii) Trading properties are stated at the lower of cost and net realisable value. Disposals are recognised on unconditional exchange of contracts: profits and losses arising are dealt with through the profit and loss account.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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 holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Freehold property
| £
Cost |
At 1 January 2025 | 175,000
Additions | 8,403
Disposals | ( 183,403)
| ----------
At 31 December 2025 | –
| ----------
Depreciation |
At 1 January 2025 and 31 December 2025 | –
| ----------
Carrying amount |
At 31 December 2025 | –
| ----------
At 31 December 2024 | 175,000
| ----------

6. Investments

| Other investments other than loans
| £
Cost |
At 1 January 2025 | 14,101
Disposals | ( 14,100)
| ---------
At 31 December 2025 | 1
| ---------
Impairment |
At 1 January 2025 and 31 December 2025 | –
| ---------

Carrying amount |
At 31 December 2025 | 1
| ---------
At 31 December 2024 | 14,101
| ---------

All investments were disposed of during the except for the investment in its subsidiary company, Ashrise Properties Limited.
7. Debtors

| 2025 | 2024
| £ | £
Other debtors | 676,293 | 3,620,614
| ---------- | -------------

The debtors above include the following amounts falling due after more than one year:

| 2025 | 2024
| £ | £
Other debtors | – | 675,000
| ---- | ----------

Included within other debtors are loans to shareholders of nil (2024 - £2,240,000)
8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 808,511 | 795,454
Corporation tax | 19,133 | –
Other creditors | 11,456 | 20,800
| ---------- | ----------
| 839,100 | 816,254
| ---------- | ----------

9. Directors' advances, credits and guarantees
In a previous period the shareholders borrowed £2,240,000 from the company of which £1,380,000 were loans to Directors of the company. The loans are interest free and all were cleared on 6 November 2025.
10. Related party transactions
The company is a wholly owned subsidiary of Howtin 2016 Limited. The registered office of Howtin 2016 Limited is Wilkin Chapman LLP, The Maltings, 11-15 Brayford Wharf East, Lincoln, LN5 7AY. There are the following disclosable transactions with related parties. Ashrise Properties Limited- Ashrise Properties Limited is a 100% owned subsidiary of the company. That company has issued a guarantee, dated 27 February 2004, covering the liabilities of the company. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.