Company registration number: SC614688
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
Drown Limited
Pages for filing with the Registrar
Drown Limited
Accountants’ Report to the Board of Directors for the preparation of the unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Drown Limited for the year ended 31 January 2026 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Drown Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Drown Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Drown Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Drown 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 Drown Limited. You consider that Drown 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 Drown 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.
NM Advisory Limited
1 Hill Street
Edinburgh
EH2 3JP
United Kingdom
Date: 31 October 2026
1
Company registration number: SC614688
Drown Limited
Balance sheet
as at 31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 176,155 179,713
Tangible assets 5 - -
176,155 179,713
Current assets
Debtors 320 -
Cash at bank and in hand 4,833 1,092
5,153 1,092
Creditors: amounts falling due within one year
(50,851) (250,797)
Net current liabilities (45,698) (249,705)
Total assets less current liabilities 130,457 (69,992)
NET ASSETS/(LIABILITIES) 130,457 (69,992)
Capital and reserves
Called up share capital 14 10
Share premium account 352,308 249,998
Profit and loss account (221,865) (320,000)
TOTAL EQUITY 130,457 (69,992)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: SC614688
Drown Limited
Balance sheet - continued
as at 31 January 2026
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 account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 30 October 2026 and signed on its behalf by:
Mr M O'Callaghan, Director
30 October 2026
3
Drown Limited
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
Drown Limited is a private company registered in Scotland. Its registered number is SC614688. The company is limited by shares. Its registered office is 14E Abbotsinch Road, Grangemouth, Falkirk, FK3 9UX.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing 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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Intangible Fixed Assets - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Tangible assets - 33.3% straight line
3 Average number of employees
During the year the average number of employees was Nil (2025 - Nil).
4
Drown Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
4 Intangible assets
Other intangible assets

£
Cost
At 1 February 2025 199,681
Additions 18,233
At 31 January 2026 217,914
Amortisation
At 1 February 2025 19,968
Charge for year 21,791
At 31 January 2026 41,759
Net book value
At 31 January 2026 176,155
At 31 January 2025 179,713
Revalued assets
In a prior period intellectual property was acquired from Mr O’Callaghan (a director in the company) for £50,000. Since then expenditure of £149,681 has been spent on further design, engineering and patent protection and this has been capitalised.
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 February 2025 10,391
At 31 January 2026 10,391
Depreciation
At 1 February 2025 10,391
At 31 January 2026 10,391
Net book value
At 31 January 2026 -
At 31 January 2025 -
5
Drown Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025.
2026 2025
£ £
David Law
Balance outstanding at start of year (141,518) (138,938)
Amounts advanced - (2,580)
Amounts written off 141,518 -
Balance outstanding at end of year - (141,518)
2026 2025
£ £
Mark O’Callaghan
Balance outstanding at start of year (84,663) (82,083)
Amounts advanced (27,034) (2,580)
Amounts written off 84,663 -
Balance outstanding at end of year (27,034) (84,663)
6