REGISTERED NUMBER: SC272652 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

New World Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

B M Sculthorp

E Tait

M McClymont

J Harper

G K Sculthorp

SECRETARY:

B M Sculthorp

REGISTERED OFFICE:

37 Muirs

Kinross

KY13 8AS

REGISTERED NUMBER:

SC272652 (Scotland)

ACCOUNTANTS:

EQ Accountants Limited

9 Ardross Street

Inverness

IV3 5NN

FIXED ASSETS

Investments

4

3,889

7,778

CURRENT ASSETS

Debtors

5

580,899

679,269

Cash at bank

37,572

60,393

618,471

739,662

CREDITORS

Amounts falling due within one year

6

1,815

7,319

NET CURRENT ASSETS

616,656

732,343

TOTAL ASSETS LESS CURRENT LIABILITIES

620,545

740,121

CREDITORS

Amounts falling due after more than one year

7

525

572,708

NET ASSETS

620,020

167,413

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

610,020

157,413

SHAREHOLDERS' FUNDS

620,020

167,413

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by:

B M Sculthorp - Director

1.	STATUTORY INFORMATION

New World Investments Limited 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 places of business are in the United Kingdom and United States of America.

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.

Turnover

Turnover represents the sale of property and the share of profits or losses from affiliated ventures.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. The rate of translation utilised at 31 December 2025 was $1.35 per £1 (2024 - $1.25).

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

New World Investments Limited is a Partner in the following American registered LLC's:-

Caledonia Development LLC

25%

New World Groves LLC

79%

Caledonia Groves LLC

75%

New World Investments Limited is owed £480,298 (2024: £662,972) in respect of finances provided and shares of profits and losses in respect of the above. Amounts due from the investments are included in Debtors: Amounts Falling Due Within One Year (Note 6 below).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Amounts owed by group undertakings

569,226

662,972

Other debtors

11,673

16,297

580,899

679,269

Included within Amounts owed by group undertakings are amounts recoverable on loans and advances made to the various partnership interests in which New World Investments Limited participates. These ventures are engaged in property development activities. The directors have carefully reviewed the position regarding all these developments and consider the amounts owed to the company to be recoverable, despite the continuing uncertainties in the American property market.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Accrued expenses

1,815

7,319

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Amounts owed to group undertakings

-

571,705

Loans from directors

525

1,003

525

572,708

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

9.	RELATED PARTY DISCLOSURES

Related party transactions and balances during the year were as follows:-

Transactions during year

Balance due from/(to

)

to/ (from

)

related party at year end

£

£

Floridron Limited

(609,363

)

88,928

Dunmore & Carsaig Estates

1,254

-

Caledonia Development LLC

(136,600

)

135,113

New World Groves LLC

-

234,074

Caledonia Groves LLC

-

111,111

B M Sculthorp, Director

412

(525

)

10.	ULTIMATE CONTROLLING PARTY

The directors of the ultimate parent company, Floridron Limited own 100% of the share capital of the parent company but no individual director has a controlling interest.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New World Investments Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of New World Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New World Investments Limited and state those matters that we have agreed to state to the Board of Directors of New World Investments Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that New World Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of New World Investments Limited. You consider that New World Investments 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 financial statements of New World Investments 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 statutory financial statements.

Emphasis of matter

We draw attention to Note 6 which appropriately describes the accounting treatment relating to various loans and advances to the partnership interests in which New World Investments has an interest. The note also acknowledges the continuing uncertainties in the American property market. Creditors greater than one year are mainly represented by amounts due to the ultimate parent company, Floridron Limited, and to the directors, all of whom fully support the subsidiary company.

EQ Accountants Limited

9 Ardross Street

Inverness

IV3 5NN

24 September 2026