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Company No: 06866704 (England and Wales)

J M SCULLY (HOLDINGS) LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

J M SCULLY (HOLDINGS) LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

J M SCULLY (HOLDINGS) LTD

BALANCE SHEET

As at 31 March 2025
J M SCULLY (HOLDINGS) LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 45,000 45,000
Tangible assets 4 2,472,418 2,551,181
2,517,418 2,596,181
Current assets
Debtors 5 570,499 554,788
Cash at bank and in hand 78,123 29,417
648,622 584,205
Creditors: amounts falling due within one year 6 ( 84,192) ( 75,501)
Net current assets 564,430 508,704
Total assets less current liabilities 3,081,848 3,104,885
Net assets 3,081,848 3,104,885
Capital and reserves
Called-up share capital 7 45,000 45,000
Profit and loss account 3,036,848 3,059,885
Total shareholder's funds 3,081,848 3,104,885

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of J M Scully (Holdings) Ltd (registered number: 06866704) were approved and authorised for issue by the Board of Directors on 09 April 2025. They were signed on its behalf by:

Mr M Scully
Director
J M SCULLY (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
J M SCULLY (HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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

J M Scully (Holdings) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Broad Oak Farm, Broad Oak, Sturminster Newton, Dorset, DT10 2HD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 3 years straight line
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 45,000 45,000
At 31 March 2025 45,000 45,000
Accumulated amortisation
At 01 April 2024 0 0
At 31 March 2025 0 0
Net book value
At 31 March 2025 45,000 45,000
At 31 March 2024 45,000 45,000

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2024 2,932,207 69,030 364,474 3,365,711
At 31 March 2025 2,932,207 69,030 364,474 3,365,711
Accumulated depreciation
At 01 April 2024 457,547 69,030 287,953 814,530
Charge for the financial year 38,129 0 40,634 78,763
At 31 March 2025 495,676 69,030 328,587 893,293
Net book value
At 31 March 2025 2,436,531 0 35,887 2,472,418
At 31 March 2024 2,474,660 0 76,521 2,551,181

5. Debtors

2025 2024
£ £
Trade debtors 802 0
Amounts owed by Group undertakings 569,697 551,118
Prepayments 0 420
VAT recoverable 0 3,250
570,499 554,788

6. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to directors 20,000 0
Accruals and deferred income 45,666 14,826
Deferred tax liability 8,972 19,129
Taxation and social security 9,554 200
Other creditors 0 41,346
84,192 75,501

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
45,000 Ordinary shares of £ 1.00 each 45,000 45,000