Registration number: SC795048

ELWE Limited

Contents

Company Information	1
Balance Sheet	2

ELWE Limited

Company Information

Directors

E Macdonald J Bianco

Registered office

18 Spylaw Bank Road Edinburgh EH13 0JW

Accountants

M&S Accountancy and Taxation Limited Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

ELWE Limited

(Registration number: SC795048)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Other financial assets		1,464,414	1,470,000
Current assets
Cash at bank and in hand		64,721	29,779
Creditors: Amounts falling due within one year	5	(1,501,230)	(1,500,840)
Net current liabilities		(1,436,509)	(1,471,061)
Net assets/(liabilities)		27,905	(1,061)
Capital and reserves
Called up share capital	6	180	180
Retained earnings		27,725	(1,241)
Shareholders' funds/(deficit)		27,905	(1,061)

For the financial year ending 31 January 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.

Approved and authorised by the Board on 29 October 2026 and signed on its behalf by:
 

......................................... J Bianco Director

ELWE Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

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

The address of its registered office is:
18 Spylaw Bank Road
Edinburgh
EH13 0JW

These financial statements were authorised for issue by the Board on 29 October 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.

Going concern

These financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors have agreed to provide financial assistance to the company to ensure that all liabilities are met as they fall due and they will not seek repayment of amounts due to them until there are sufficient cash reserves to do so. The directors have considered a period of twelve months from the date of approval of the financial statements.

Financial instruments

The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

3	Staff numbers

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

ELWE Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Investments

The market value of the listed investments at 31 January 2026 was £1,464,414 (2025 - £1,470,000).

5

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Other creditors	1,501,230	1,500,840

ELWE Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
A Ordinary shares of £1 each	45	45	45	45
B Ordinary shares of £1 each	45	45	45	45
C Ordinary shares of £1 each	30	30	30	30
D Ordinary shares of £1 each	30	30	30	30
E Ordinary shares of £1 each	30	30	30	30
	180	180	180	180

7	Related party transactions

The directors operate a current account with the company. At the balance sheet date the company owed the directors £1,499,820 (2025 - £1,499,820).

Related party transactions are unsecured, interest free and have no fixed terms of repayment.