Source: statto.com Rules for classification: Teams are ranked by points then goal average. Points system: 2 points for a win, 1 point for a draw, 0 points for a loss (P) Promoted
Elected to Division Two: Forfar Athletic
Since multiple clubs were unable to complete their fixtures due to financial difficulties, the championship was withheld, and consequently, the Third Division was dissolved, not being re-established until the 1946–47 season.
Eight of the clubs that competed in the unfinished season are now defunct; of the remainder, Forfar Athletic and Montrose play in the league as of 2022, with Brechin City, Leith Athletic, Mid-Annandale, Peebles Rovers, Royal Albert and Vale of Leven playing in lower levels.