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REGISTERED NUMBER: 10075226 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Scott Williams Villas Bruton Limited

Scott Williams Villas Bruton Limited (Registered number: 10075226)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scott Williams Villas Bruton Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs V F Hooberman
A Hooberman
F Grayson





REGISTERED OFFICE: 15 High Street
Bruton
Somerset
BA10 0AB





REGISTERED NUMBER: 10075226 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Scott Williams Villas Bruton Limited (Registered number: 10075226)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 131,250 206,250
Tangible assets 5 12,466 9,596
143,716 215,846

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 95,811 90,151
Cash at bank and in hand 810,471 478,348
908,282 570,499
CREDITORS
Amounts falling due within one year 7 208,656 185,857
NET CURRENT ASSETS 699,626 384,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

843,342

600,488

PROVISIONS FOR LIABILITIES 3,000 2,000
NET ASSETS 840,342 598,488

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 840,340 598,486
SHAREHOLDERS' FUNDS 840,342 598,488

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

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

Scott Williams Villas Bruton Limited (Registered number: 10075226)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





Mrs V F Hooberman - Director


Scott Williams Villas Bruton Limited (Registered number: 10075226)

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

1. STATUTORY INFORMATION

Scott Williams Villas Bruton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net commissions received, excluding value added tax, recognised on the date of receipt.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Scott Williams Villas Bruton Limited (Registered number: 10075226)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 750,000
AMORTISATION
At 1 January 2024 543,750
Charge for year 75,000
At 31 December 2024 618,750
NET BOOK VALUE
At 31 December 2024 131,250
At 31 December 2023 206,250

Scott Williams Villas Bruton Limited (Registered number: 10075226)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 4,275 8,176 13,501 25,952
Additions - - 8,070 8,070
Disposals - - (5,671 ) (5,671 )
At 31 December 2024 4,275 8,176 15,900 28,351
DEPRECIATION
At 1 January 2024 4,275 2,433 9,648 16,356
Charge for year - 1,503 3,697 5,200
Eliminated on disposal - - (5,671 ) (5,671 )
At 31 December 2024 4,275 3,936 7,674 15,885
NET BOOK VALUE
At 31 December 2024 - 4,240 8,226 12,466
At 31 December 2023 - 5,743 3,853 9,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 34,166 21,137
Directors' current accounts 7,260 20,892
VAT 2,335 1,491
Prepayments 52,050 46,631
95,811 90,151

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 63,888 61,228
Taxation 107,424 87,612
Social security and other taxes 13,112 10,710
Directors' current accounts 5,414 5,102
Accruals and deferred income 18,818 21,205
208,656 185,857

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Scott Williams Villas Bruton Limited (Registered number: 10075226)

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

9. FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £14,580 (2023: £34,644).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the prior year the company advanced £20,892 to a director, an amount which was fully repaid in the current year. During this financial year year the company advanced £7,260 to the same director leaving an amount owed to the company at the year end of £7,260 (2023 - £20,892). No interest has been charged on the loan and the amount is repayable on demand.