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REGISTERED NUMBER: 03803255 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 JUNE 2024

FOR

INDIGOSCOTT LIMITED

INDIGOSCOTT LIMITED (REGISTERED NUMBER: 03803255)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDIGOSCOTT LIMITED

COMPANY INFORMATION
for the Year Ended 28 June 2024







DIRECTORS: J R Scott
S T Scott





SECRETARY: S T Scott





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 03803255 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

INDIGOSCOTT LIMITED (REGISTERED NUMBER: 03803255)

BALANCE SHEET
28 June 2024

28.6.24 28.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 8,270,000 8,270,000
8,270,000 8,270,000

CURRENT ASSETS
Debtors 6 559,785 901,417
Cash at bank - 14,220
559,785 915,637
CREDITORS
Amounts falling due within one year 7 6,409,779 6,583,064
NET CURRENT LIABILITIES (5,849,994 ) (5,667,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,420,006

2,602,573

PROVISIONS FOR LIABILITIES 9 676,828 549,077
NET ASSETS 1,743,178 2,053,496

CAPITAL AND RESERVES
Called up share capital 10 2 2
Unrealised retained earnings 11 4,470,078 4,470,078
Retained earnings (2,726,902 ) (2,416,584 )
SHAREHOLDERS' FUNDS 1,743,178 2,053,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INDIGOSCOTT LIMITED (REGISTERED NUMBER: 03803255)

BALANCE SHEET - continued
28 June 2024


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 Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





J R Scott - Director


INDIGOSCOTT LIMITED (REGISTERED NUMBER: 03803255)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 June 2024

1. STATUTORY INFORMATION

Indigoscott Limited is a private company, limited by shares , registered in England and Wales. 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.

The financial statements have been prepared on a going concern basis as the Directors consider this basis of preparing the financial statements to be appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rental income and service charges receivable, net of VAT.

Tangible fixed assets
Depreciation is provided on tangible fixed assets at rates calculated to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

INDIGOSCOTT LIMITED (REGISTERED NUMBER: 03803255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 June 2023
and 28 June 2024 18,080
DEPRECIATION
At 29 June 2023
and 28 June 2024 18,080
NET BOOK VALUE
At 28 June 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 June 2023
and 28 June 2024 8,270,000
NET BOOK VALUE
At 28 June 2024 8,270,000
At 28 June 2023 8,270,000

If the investment property were to be shown at cost then this value would have been been £2,952,404.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.6.24 28.6.23
£    £   
Trade debtors 21,327 16,176
Other debtors 538,458 885,241
559,785 901,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.6.24 28.6.23
£    £   
Bank loans and overdrafts 6,332,085 6,451,432
Trade creditors 23,554 36,031
Other creditors & accruals 54,140 95,601
6,409,779 6,583,064

INDIGOSCOTT LIMITED (REGISTERED NUMBER: 03803255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

28.6.24 28.6.23
£    £   
Bank loans 6,302,670 6,451,432

The bank loans are secured by legal charges over the company's investment property.

9. PROVISIONS FOR LIABILITIES
28.6.24 28.6.23
£    £   
Deferred tax 676,828 549,077

Deferred
tax
£   
Balance at 29 June 2023 549,077
Charge to Income Statement during year 127,751
Balance at 28 June 2024 676,828

Deferred tax provision relates to timing differences on accumulated surpluses on investment property and carried forward tax losses.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 28.6.24 28.6.23
value: £    £   
2 Ordinary Shares £1 2 2

11. RESERVES
Unrealised
retained
earnings
£   
At 29 June 2023
and 28 June 2024 4,470,078

12. RELATED PARTY DISCLOSURES

IndigoScott Group Limited

A company under common control.

At the year end, a balance was owed from Indigoscott Group Limited of £538,458 (2023: £885,241).

13. ULTIMATE CONTROLLING PARTY

There is no individual ultimate controlling party.