REGISTERED NUMBER: SC035086 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

W. & S. RAMSAY LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

S N Ramsay

SECRETARY:

Mrs V J Ramsay

REGISTERED OFFICE:

Netherby

Cairnryan Road

Stranraer

Wigtownshire

DG9 8AU

REGISTERED NUMBER:

SC035086 (Scotland)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W. & S. Ramsay Limited for the year ended 31 March 2026 which comprise the Profit and Loss Account, Balance Sheet and the related notes 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of W. & S. Ramsay Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W. & S. Ramsay Limited and state those matters that we have agreed to state to the director of W. & S. Ramsay Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W. & S. Ramsay Limited and its director for our work or for this report.

It is your duty to ensure that W. & S. Ramsay Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of W. & S. Ramsay Limited. You consider that W. & S. Ramsay 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 financial statements of W. & S. Ramsay 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.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

19 October 2026

FIXED ASSETS

Tangible assets

4

284,959

294,202

CURRENT ASSETS

Debtors

5

387,809

312,167

Investments

6

300,760

-

Cash at bank

478,781

1,098,402

1,167,350

1,410,569

CREDITORS

Amounts falling due within one year

7

7,949

41,178

NET CURRENT ASSETS

1,159,401

1,369,391

TOTAL ASSETS LESS CURRENT LIABILITIES

1,444,360

1,663,593

PROVISIONS FOR LIABILITIES

44,280

44,280

NET ASSETS

1,400,080

1,619,313

CAPITAL AND RESERVES

Called up share capital

44,666

48,000

Revaluation reserve

8

233,051

233,051

Capital redemption reserve

9,000

9,000

Treasury shares

3,334

-

Retained earnings

1,110,029

1,329,262

SHAREHOLDERS' FUNDS

1,400,080

1,619,313

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 Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2026 and were signed by:

S N Ramsay - Director

1.	STATUTORY INFORMATION

W. & S. Ramsay Limited 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.

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 as modified by the revaluation of certain assets.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 4 years

Taxation

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2025

and 31 March 2026

251,200

319,473

24,314

333

595,320

DEPRECIATION

At 1 April 2025

-

288,818

12,204

96

301,118

Charge for year

-

6,130

3,030

83

9,243

At 31 March 2026

-

294,948

15,234

179

310,361

NET BOOK VALUE

At 31 March 2026

251,200

24,525

9,080

154

284,959

At 31 March 2025

251,200

30,655

12,110

237

294,202

Cost or valuation at 31 March 2026 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2023

233,051

-

-

-

233,051

Cost

18,149

319,473

24,314

333

362,269

251,200

319,473

24,314

333

595,320

As at 31st March 2026, 31.4 acres of remaining Land is valued at £8,000 per acre, as all other agricultural land was sold at 31st March 2023.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Other debtors

387,809

312,167

6.	CURRENT ASSET INVESTMENTS

31/3/26

31/3/25

£

£

Insignis Asset Management Ltd

300,760

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade creditors

2,667

5,334

Taxation and social security

282

32,844

Other creditors

5,000

3,000

7,949

41,178

8.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

233,051

As at 31st March 2023, 31.4 acres of remaining Land was revalued at £8,000 per acre, as all other agricultural land was sold at value on that date.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31/3/26

31/3/25

£

£

S N Ramsay

Balance outstanding at start of year

233,396

138,023

Amounts advanced

142,815

154,880

Amounts repaid

(15,646

)

(59,507

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

360,565

233,396