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REGISTERED NUMBER: SC249531 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

SuperControl Limited

SuperControl Limited (Registered number: SC249531)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SuperControl Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R L Kennedy





SECRETARY: Morgan, Lewis & Bockuis Uk Llp





REGISTERED OFFICE: 4 Market Street
Castle Douglas
DG7 1BE





REGISTERED NUMBER: SC249531 (Scotland)





ACCOUNTANTS: A & S Business Services Limited
Ellisford
Kirkcudbright
DG6 4TB

SuperControl Limited (Registered number: SC249531)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,750 37,347
Tangible assets 5 250,476 263,439
263,226 300,786

CURRENT ASSETS
Debtors 6 966,718 844,720
Cash at bank 4,863,288 4,588,954
5,830,006 5,433,674
CREDITORS
Amounts falling due within one year 7 1,240,611 751,210
NET CURRENT ASSETS 4,589,395 4,682,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,852,621

4,983,250

PROVISIONS FOR LIABILITIES 15,874 15,924
NET ASSETS 4,836,747 4,967,326

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,836,745 4,967,324
SHAREHOLDERS' FUNDS 4,836,747 4,967,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SuperControl Limited (Registered number: SC249531)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





R L Kennedy - Director


SuperControl Limited (Registered number: SC249531)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SuperControl 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.

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.

Development costs are being amortised evenly over their estimated useful life of four years.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on reducing balance
Plant and machinery - 25% on reducing balance
Office equipment - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SuperControl Limited (Registered number: SC249531)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 31 (2022 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs Website Totals
£    £    £   
COST
At 1 January 2023 546,184 - 546,184
Additions - 12,750 12,750
At 31 December 2023 546,184 12,750 558,934
AMORTISATION
At 1 January 2023 508,837 - 508,837
Amortisation for year 37,347 - 37,347
At 31 December 2023 546,184 - 546,184
NET BOOK VALUE
At 31 December 2023 - 12,750 12,750
At 31 December 2022 37,347 - 37,347

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office Computer
property machinery equipment equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 213,316 11,039 36,573 165,165 426,093
Additions - - 1,486 18,560 20,046
Disposals - - - (26,040 ) (26,040 )
At 31 December 2023 213,316 11,039 38,059 157,685 420,099
DEPRECIATION
At 1 January 2023 45,470 5,785 18,270 93,129 162,654
Charge for year 8,394 787 2,900 18,521 30,602
Eliminated on disposal - - - (23,633 ) (23,633 )
At 31 December 2023 53,864 6,572 21,170 88,017 169,623
NET BOOK VALUE
At 31 December 2023 159,452 4,467 16,889 69,668 250,476
At 31 December 2022 167,846 5,254 18,303 72,036 263,439

SuperControl Limited (Registered number: SC249531)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 476,440 558,172
Other debtors 490,278 286,548
966,718 844,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 90,222 7,498
Taxation and social security 836,569 267,121
Other creditors 313,820 476,591
1,240,611 751,210

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 30,000 -
Between one and five years 85,000 -
115,000 -

9. RELATED PARTY DISCLOSURES

During the financial year to 31 December 2023, the company was controlled by Vacation Brands Purchaser Inc who own 100% of the Share capital.

During the year to 31 December 2023 SuperControl Ltd purchased IT services from Inhabit Polska Sp z.o.o. (previous name Supercontol Sp z.o.o) a company wholly owned by Vacation Brands Purchaser Inc, totalling £706,280 (2022 £537,478).There was £88,104 owing to Inhabit Polska Sp z.o.o. at year end.

During the year to 31 December 2023 SuperControl Ltd provided services and equipment to Lightmaker Property Manager (LMPM) inc a company wholly owned by Vacation Brands Purchaser Inc totalling £45,624 (2022 £nil). LMPM Inc owed SuperControl Ltd £45,624 at year end.

During the year to 31 December 2023 SuperControl Ltd received sales commission of £nil (2022 £20,254) from Rental Guardian Holdings LLC whose sole member is Vacation Brands Purchaser Inc.

During the year SuperControl Ltd loaned Inhabit Parent LLC ( the parent company of Vacation Brands Purchaser Inc) and its subsidiaries £47,532 (2022 £142,323) . The parent company made repayment of part of the loan during 2023. The balance on the loan account stood at £106,232 as at 31 December 2023 (£142.323 as at 31 December 2022).

During the year under review, the company has paid rent of £28,500 to Orroland Holdings Ltd for use of the freehold property 4 Market Street, Castle Douglas which is owned by Orroland Holdings Ltd, a company of which Robert Kennedy director of SuperControl Ltd is also one of the directors and shareholders.
The lease is under formal contract terms and has an independently verified rent review period every five years.