Registration number: SC142610

White of Hawick Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 8

White of Hawick Limited

Company Information

Directors

Mr William Leslie Atkins Mrs Ivy Mi Wah Atkins

Registered office

24 Park View Hawick Roxburghshire Scotland TD9 7JE

DEANS

Chartered Accountants

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
White of Hawick Limited for the Year Ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of White of Hawick Limited for the year ended 28 February 2026 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/ethics/icas-code-of-ethics.

This report is made solely to the Board of Directors of White of Hawick Limited, as a body, in accordance with the terms of our engagement letter dated 4 June 2008. Our work has been undertaken solely to prepare for your approval the accounts of White of Hawick Limited and state those matters that we have agreed to state to the Board of Directors of White of Hawick Limited, as a body, in this report in accordance with guidance issued by ICAS, which can be found at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than White of Hawick Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that White of Hawick 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 of White of Hawick Limited. You consider that White of Hawick 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 White of Hawick 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 accounts.

......................................

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD

8 July 2026

White of Hawick Limited

(Registration number: SC142610)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	542	723
Investment property	6	285,000	285,000
		285,542	285,723
Current assets
Debtors	7	9,870	8,916
Cash at bank and in hand		52,450	39,419
		62,320	48,335
Creditors: Amounts falling due within one year	8	(11,722)	(9,827)
Net current assets		50,598	38,508
Total assets less current liabilities		336,140	324,231
Provisions for liabilities		(25,308)	(25,308)
Net assets		310,832	298,923
Capital and reserves
Called up share capital		60,000	60,000
Other reserves		101,232	101,232
Retained earnings		149,600	137,691
Shareholders' funds		310,832	298,923

For the financial year ending 28 February 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

White of Hawick Limited

(Registration number: SC142610)
Balance Sheet as at 28 February 2026

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:
 

......................................... Mr William Leslie Atkins Director

White of Hawick Limited

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
24 Park View
Hawick
Roxburghshire
TD9 7JE
Scotland

These financial statements were authorised for issue by the Board on 8 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The financial statements are presented in sterling (£) and rounded to the nearest £1.

Judgements

Presentation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been included: useful economic lives of tangible assets - the annual depreciation charge for tangible assets is sensitive to change in the economic useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation, and the physical condition of the assets.

Tax

The tax expense for the period comprises current tax and deferred tax. Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

White of Hawick Limited

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Other property, plant and equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The key assumptions used to determine the fair value of investment property are further explained in note 6. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company has taken the option to disclose financial instruments under .

Classification
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 Recognition and measurement
Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the profit and loss account.
 Impairment
At the end of each reporting period financial instruments measured at fair value are assessed for objective evidence of impairment. The impairment loss is recognised in the profit and loss account.

White of Hawick Limited

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	4,947	2,802

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 March 2025	1,083	1,083
At 28 February 2026	1,083	1,083
Depreciation
At 1 March 2025	360	360
Charge for the year	181	181
At 28 February 2026	541	541
Carrying amount
At 28 February 2026	542	542
At 28 February 2025	723	723

6	Investment properties

	2026 £
At 1 March	285,000
At 28 February	285,000

Investment properties are valued at fair value by the Director from the current market place for comparable real estate.

There has been no valuation of investment property by an independent valuer.

7

Debtors

	2026 £	2025 £
Other debtors	9,870	8,807
Prepayments	-	109
	9,870	8,916

White of Hawick Limited

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	(214)	177
Taxation and social security	5,536	3,250
Accruals and deferred income	6,400	6,400
	11,722	9,827

9	Provisions for liabilities

	Deferred tax £	Total £
At 1 March 2025	25,308	25,308
At 28 February 2026	25,308	25,308

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	60,000	60,000	60,000	60,000

11	Related party transactions

Transactions with directors

2026	At 1 March 2025 £	Advances to director £	Repayments by director £	At 28 February 2026 £
Mr William Leslie Atkins
Interest is charged at 3.75% and 2.25% flat on outstanding balances.	8,807	9,870	(8,807)	9,870

2025	At 1 March 2024 £	Advances to director £	Repayments by director £	At 28 February 2025 £
Mr William Leslie Atkins
Interest is charged at 3.75% and 2.25% flat on outstanding balances.	10,116	9,191	(10,500)	8,807