Company No: 05771562 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	388,441		11,060
Tangible assets	4	34,938		29,674
		423,379		40,734
Current assets
Debtors	5	876,298		132,518
Cash at bank and in hand		316,469		427,580
		1,192,767		560,098
Creditors: amounts falling due within one year	6	( 580,892)		( 342,437)
Net current assets		611,875		217,661
Total assets less current liabilities		1,035,254		258,395
Creditors: amounts falling due after more than one year	7	( 164,778)		0
Provision for liabilities	8	( 10,406)		( 15,064)
Net assets		860,070		243,331
Capital and reserves
Called-up share capital		300		300
Capital contribution reserve		70,758		0
Profit and loss account		789,012		243,031
Total shareholders' funds		860,070		243,331

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

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Invest Southwest Limited (registered number: 05771562) were approved and authorised for issue by the Director on 27 August 2026. They were signed on its behalf by:

Mr M C Duncan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Invest Southwest Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12 Hammet Street, Taunton, Somerset, TA1 1RZ, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents commissions receivable in the course of providing advice relating to financial services. Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software	5 years straight line
Other intangible assets	10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	20 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	21		18

3. Intangible assets

	Computer software		Other intangible assets		Total
	£		£		£
Cost
At 01 February 2025	13,356		0		13,356
Additions	7,560		398,291		405,851
At 31 January 2026	20,916		398,291		419,207
Accumulated amortisation
At 01 February 2025	2,296		0		2,296
Charge for the financial year	2,671		25,799		28,470
At 31 January 2026	4,967		25,799		30,766
Net book value
At 31 January 2026	15,949		372,492		388,441
At 31 January 2025	11,060		0		11,060

4. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 February 2025	125,766		86,214		211,980
Additions	3,202		14,123		17,325
At 31 January 2026	128,968		100,337		229,305
Accumulated depreciation
At 01 February 2025	110,528		71,778		182,306
Charge for the financial year	3,225		8,836		12,061
At 31 January 2026	113,753		80,614		194,367
Net book value
At 31 January 2026	15,215		19,723		34,938
At 31 January 2025	15,238		14,436		29,674

5. Debtors

	2026		2025
	£		£
Trade debtors	78,032		85,640
Amounts owed by Group undertakings	657,839		0
Amounts owed by director	94,692		22,576
Prepayments	13,776		16,683
Other debtors	31,959		7,619
	876,298		132,518

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	2,287		5,811
Amounts owed to Group undertakings	238,833		146,067
Accruals	150,704		129,655
Corporation tax	118,293		57,788
Other creditors	70,775		3,116
	580,892		342,437

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Other creditors	164,778		0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Provision for liabilities

	2026		2025
	£		£
Deferred tax	3,406		8,064
Other provisions	7,000		7,000
	10,406		15,064

9. Financial commitments

Commitments

	2026		2025
	£		£
Total future minimum lease payments under non-cancellable operating leases	200,439		258,979

The total amount of guarantees not included in the Balance Sheet is £Nil (2025: £489,972). The company has entered into a cross-guarantee with ISWIFA Holdings Limited (its ultimate parent company) to guarantee amounts outstanding to the company's bankers. This guarantee is secured on the company's assets.

10. Related party transactions

Transactions with the entity's director

	2026		2025
	£		£
Director 1	94,692		22,576

Advances were made to the director during the year ended 31 January 2026 of £72,116 (2025: £22,576) and repayments of £Nil (2025: £Nil) were received. As at 31 January 2026, the amount due to the company was £94,692 (2025: £22.576). Interest was charged on the loan at HMRC's official rate of interest, and the loan was repayable on demand.