REGISTERED NUMBER: SC528014 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

SW Properties (Scotland) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr Steven Walsh

REGISTERED OFFICE:

Orchard House

Station Road

Windygates

Leven

Fife

KY8 5RJ

REGISTERED NUMBER:

SC528014 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

25,889

28,634

Investment property

5

874,431

873,701

900,320

902,335

CURRENT ASSETS

Stocks

616,093

84,503

Debtors

6

167,746

65,593

Cash at bank

3

74

783,842

150,170

CREDITORS

Amounts falling due within one year

7

1,484,356

442,281

NET CURRENT LIABILITIES

(700,514

)

(292,111

)

TOTAL ASSETS LESS CURRENT LIABILITIES

199,806

610,224

CREDITORS

Amounts falling due after more than one year

8

(206,831

)

(577,566

)

PROVISIONS FOR LIABILITIES

-

(29,782

)

NET (LIABILITIES)/ASSETS

(7,025

)

2,876

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(7,125

)

2,776

(7,025

)

2,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 June 2026 and were signed by:

Mr Steven Walsh - Director

1.	STATUTORY INFORMATION

SW Properties (Scotland) Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

At 31 March 2026 the company had net liabilities of £7,125 (2025 - net assets of £2,776). The largest liability disclosed on the balance sheet relates to a balance due to the director and this balance will not be called by the director to the detriment of the ability of the company to trade. As such, the director continues to adopt the going concern basis of preparation of the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2025

7,039

22,350

346

29,735

Additions

-

-

2,451

2,451

At 31 March 2026

7,039

22,350

2,797

32,186

DEPRECIATION

At 1 April 2025

-

986

115

1,101

Charge for year

-

4,273

923

5,196

At 31 March 2026

-

5,259

1,038

6,297

NET BOOK VALUE

At 31 March 2026

7,039

17,091

1,759

25,889

At 31 March 2025

7,039

21,364

231

28,634

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

873,701

Additions

730

At 31 March 2026

874,431

NET BOOK VALUE

At 31 March 2026

874,431

At 31 March 2025

873,701

6.

DEBTORS

31.3.26

31.3.25

£

£

Amounts falling due within one year:

Other debtors

13,695

65,593

Amounts falling due after more than one year:

Amounts owed by group undertakings

154,051

-

Aggregate amounts

167,746

65,593

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

4,201

16,243

Trade creditors

123,887

224,788

Other creditors

1,356,268

201,250

1,484,356

442,281

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

206,830

198,988

Amounts owed to group undertakings

1

378,578

206,831

577,566

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is SW Holdings Ltd.

The companies ultimate controlling party is SW Holdings (Scotland) Ltd by virtue of it's ownership of 100% of the issued share capital in the company

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

8 June 2026