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REGISTERED NUMBER: 02423452 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Scottcam Holdings Limited

Scottcam Holdings Limited (Registered number: 02423452)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scottcam Holdings Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: D McNeil
Miss F A McNeil





REGISTERED OFFICE: Trios House
Reform Road
Maidenhead
Berkshire
SL6 8BY





BUSINESS ADDRESS: Hawksworth Industrial Estate
Swindon
Wiltshire
SN2 1DZ





REGISTERED NUMBER: 02423452 (England and Wales)





ACCOUNTANTS: Hannaways
Trios House
Reform Road
Maidenhead
Berkshire
SL6 8BY

Scottcam Holdings Limited (Registered number: 02423452)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,323,373 1,327,496
Investments 5 49,999 49,999
1,373,372 1,377,495

CURRENT ASSETS
Debtors 6 6,700 7,364
Cash at bank 83,885 73,899
90,585 81,263
CREDITORS
Amounts falling due within one year 7 225,614 146,361
NET CURRENT LIABILITIES (135,029 ) (65,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,238,343

1,312,397

CAPITAL AND RESERVES
Called up share capital 8 49,999 49,999
Retained earnings 9 1,188,344 1,262,398
SHAREHOLDERS' FUNDS 1,238,343 1,312,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

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

Scottcam Holdings Limited (Registered number: 02423452)

Balance Sheet - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th April 2025 and were signed on its behalf by:





D McNeil - Director


Scottcam Holdings Limited (Registered number: 02423452)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Scottcam Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance

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

Fixed asset investments
Investments in subsidiary companies are stated at deemed cost, which is the carrying amount at the date of transition as determined under previous UK GAAP.

Short term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Scottcam Holdings Limited (Registered number: 02423452)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st January 2024 1,477,476 - 1,477,476
Additions - 7,636 7,636
At 31st December 2024 1,477,476 7,636 1,485,112
DEPRECIATION
At 1st January 2024 149,980 - 149,980
Charge for year 9,850 1,909 11,759
At 31st December 2024 159,830 1,909 161,739
NET BOOK VALUE
At 31st December 2024 1,317,646 5,727 1,323,373
At 31st December 2023 1,327,496 - 1,327,496

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 49,999
NET BOOK VALUE
At 31st December 2024 49,999
At 31st December 2023 49,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,700 6,300
Other debtors - 1,064
6,700 7,364

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 136 147
Amounts owed to group undertakings 187,192 115,992
Corporation tax 7,272 4,375
Social security and other taxes 1,050 1,133
Other creditors 29,964 24,714
225,614 146,361

Scottcam Holdings Limited (Registered number: 02423452)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
49,999 Ordinary £1 49,999 49,999

9. RESERVES
Retained
earnings
£   

At 1st January 2024 1,262,398
Profit for the year 37,146
Dividends (111,200 )
At 31st December 2024 1,188,344

10. RELATED PARTY DISCLOSURES

Included in turnover in the profit and loss account is £40,000 (2023 £40,000) invoiced to Powell McNeil Machinery Company Limited, a wholly owned subsidiary company. The amount due to the subsidiary company at the year end is disclosed in note 9 of the financial statements.

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by the director Mr D McNeil, by virtue of his controlling interest in the ordinary share capital of the company.