TIW NETWORK LTD


Directors	CLARK, Steven David
	DYER, Samuel Richard


Registered Address	195 Queensferry Road
	Rosyth
	Dunfermline
	KY11 2JH


Registered Number	SC761718 (Scotland)

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		7

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 25	27,240	1,809	29,049
Additions	-	1,117	1,117
Disposals	(27,240)	-	(27,240)
At 31 March 26	-	2,926	2,926
Depreciation and impairment
At 01 April 25	4,540	287	4,827
Charge for year	-	634	634
On disposals	(4,540)	-	(4,540)
At 31 March 26	-	921	921
Net book value
At 31 March 26	-	2,005	2,005
At 31 March 25	22,700	1,522	24,222

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	12,745	-
Amounts owed by associates and joint ventures / participating interests	78	78
Other debtors	5,678	4,405
Total	18,501	4,483

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	9,046	25,883
Amounts owed to related parties	-	5,000
Taxation and social security	9,160	19,471
Finance lease and HP contracts	-	4,540
Other creditors	-	300
Total	18,206	55,194

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Amounts owed to related parties	55,800	-
Other creditors	-	15,512
Total	55,800	15,512

7.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	-		20,052

8.	Share capital
	There were no changes to the company's issued share capital during the year. Under a separation agreement between the shareholders, effective 31 May 2025, Castleblair Group Limited transferred its 50 ordinary shares of £1 each in the company to SKM Clark Group Limited. In exchange, SKM Clark Group Limited transferred its shareholding in Apex Property Management & Investments Ltd to Castleblair Group Limited, and no cash consideration was paid. The company was not a party to the share transfer and received or paid no consideration. Following the transfer, Castleblair Group Limited ceased to be a shareholder of the company. The issued share capital of 100 ordinary shares is now held entirely by SKM Clark Group Limited.

Share capital

There were no changes to the company's issued share capital during the year.

Under a separation agreement between the shareholders, effective 31 May 2025, Castleblair Group Limited transferred its 50 ordinary shares of £1 each in the company to SKM Clark Group Limited. In exchange, SKM Clark Group Limited transferred its shareholding in Apex Property Management & Investments Ltd to Castleblair Group Limited, and no cash consideration was paid. The company was not a party to the share transfer and received or paid no consideration.

Following the transfer, Castleblair Group Limited ceased to be a shareholder of the company. The issued share capital of 100 ordinary shares is now held entirely by SKM Clark Group Limited.

9.	Related party transactions
	Samuel Dyer and Steven Clark exercise control and significant influence over a number of companies through their respective group structures. Until 31 May 2025, Castleblair Group Limited and SKM Clark Group Limited each held 50% of TIW Network Limited and Apex Property Management & Investments Limited. Under a separation agreement effective on that date, the two shareholders exchanged their holdings for no cash consideration. Following the exchange, TIW Network Limited is wholly owned by SKM Clark Group Limited and Apex Property Management & Investments Limited is wholly owned by Castleblair Group Limited. Samuel Dyer resigned as a director of TIW Network Limited, and Steven Clark resigned as a director of Apex Property Management & Investments Limited. Inchwood Limited remains jointly owned by Samuel Dyer and Steven Clark. The directors consider the following companies to be related parties due to common ownership, joint control and significant influence: Controlled by Samuel Dyer: Castleblair Group Limited (parent), Castleblair Holdings Limited, Castleblair Consulting Limited (trading as This is Fusion), Investment ST Limited and Apex Property Management & Investments Limited. Controlled by Steven Clark: SKM Clark Group Limited (parent), Rock Property Limited, SKM Commercial Holdings Limited, This is Property Limited and TIW Network Limited. Jointly controlled: Inchwood Limited.

Related party transactions

Samuel Dyer and Steven Clark exercise control and significant influence over a number of companies through their respective group structures.

Until 31 May 2025, Castleblair Group Limited and SKM Clark Group Limited each held 50% of TIW Network Limited and Apex Property Management & Investments Limited. Under a separation agreement effective on that date, the two shareholders exchanged their holdings for no cash consideration. Following the exchange, TIW Network Limited is wholly owned by SKM Clark Group Limited and Apex Property Management & Investments Limited is wholly owned by Castleblair Group Limited. Samuel Dyer resigned as a director of TIW Network Limited, and Steven Clark resigned as a director of Apex Property Management & Investments Limited. Inchwood Limited remains jointly owned by Samuel Dyer and Steven Clark.

The directors consider the following companies to be related parties due to common ownership, joint control and significant influence:

Controlled by Samuel Dyer: Castleblair Group Limited (parent), Castleblair Holdings Limited, Castleblair Consulting Limited (trading as This is Fusion), Investment ST Limited and Apex Property Management & Investments Limited.

Controlled by Steven Clark: SKM Clark Group Limited (parent), Rock Property Limited, SKM Commercial Holdings Limited, This is Property Limited and TIW Network Limited.

Jointly controlled: Inchwood Limited.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		2,005		24,222
			2,005		24,222
Current assets
Debtors	4	18,501		8,483
Cash at bank and on hand		11,911		34,939
		30,412		43,422
Creditors amounts falling due within one year	5	(18,206)		(55,194)
Net current assets (liabilities)			12,206		(11,772)
Total assets less current liabilities			14,211		12,450
Creditors amounts falling due after one year	6		(55,800)		(15,512)
Net assets			(41,589)		(3,062)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(41,689)		(3,162)
Shareholders' funds			(41,589)		(3,062)