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Company No: 09594831 (England and Wales)

SCOTT DAVIDSON HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SCOTT DAVIDSON HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SCOTT DAVIDSON HOLDINGS LIMITED

BALANCE SHEET

As at 31 March 2024
SCOTT DAVIDSON HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 564,935 564,935
564,935 564,935
Current assets
Debtors 1,500 0
1,500 0
Creditors: amounts falling due within one year 4 ( 131,602) ( 130,102)
Net current liabilities (130,102) (130,102)
Total assets less current liabilities 434,833 434,833
Net assets 434,833 434,833
Capital and reserves
Called-up share capital 5 60 60
Capital redemption reserve 40 40
Profit and loss account 434,733 434,733
Total shareholders' funds 434,833 434,833

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Scott Davidson Holdings Limited (registered number: 09594831) were approved and authorised for issue by the Director on 25 October 2024. They were signed on its behalf by:

M Portis
Director
SCOTT DAVIDSON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SCOTT DAVIDSON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The company is a private company limited by share capital, incorporated in England.
The address of its registered office and principal place of business is:
Units 31 & 37 Walters Workshops
249-251 Kensal Road
LONDON
W10 5DB

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, (including section 1A of) Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102 1A'), and with the Companies Act 2006.

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

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Impairment
Financial assets are assessed for Indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 564,935
At 31 March 2024 564,935
Carrying value at 31 March 2024 564,935
Carrying value at 31 March 2023 564,935

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 131,602 130,102

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
54 A ordinary shares of £ 1.00 each 54 54
3 C ordinary shares of £ 1.00 each 3 3
3 E ordinary shares of £ 1.00 each 3 3
60 60

6. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed by shareholders 1,500 0

During the year, the company made advances totalling £1,500. The above loan is provided interest free, unsecured and repayable on demand.

The company has taken advantage of the exemption in FRS 102 35.1AC ‘Related Party Disclosures” from disclosing transactions with other members of the group.