SCOTPAC - SCOTIA PACIFIC LIMITED

Company Registration Number:
11040894 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SCOTPAC - SCOTIA PACIFIC LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SCOTPAC - SCOTIA PACIFIC LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The company continues to operate across multiple sectors, including: Holding Activities - Managing investments and subsidiaries Financial Services - Engaging in banking, lending, or financial advisory services Telecom - Providing telecommunications solutions, infrastructure, and related services Stock Brokerage - Facilitating securities trading and investment management Consulting - Offering strategic and operational advisory across various industries

Company policy on disabled employees

The company maintains its commitment to inclusivity, ensuring recruitment, hiring, and career development are accessible to all individuals. Workplace adjustments, accessibility standards, and anti-discrimination measures remain key priorities



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

DOUGLAS WEST TRUST

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 June 2024

And signed on behalf of the board by:
Name: DOUGLAS WEST TRUST
Status: Director

SCOTPAC - SCOTIA PACIFIC LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 15 months to 31 December 2022


£
£
Turnover: 11,077,703 9,803,276
Cost of sales: ( 8,529,119 ) ( 7,547,893 )
Gross profit(or loss): 2,548,584 2,255,383
Distribution costs: ( 512,705 ) ( 453,721 )
Administrative expenses: ( 624,832 ) ( 553,948 )
Other operating income: 224,573 198,734
Operating profit(or loss): 1,635,620 1,446,448
Interest receivable and similar income: 54,941 48,619
Interest payable and similar charges: ( 115,697 ) ( 102,385 )
Profit(or loss) before tax: 1,574,864 1,392,682
Tax: ( 361,239 ) ( 318,857 )
Profit(or loss) for the financial year: 1,213,625 1,073,825

SCOTPAC - SCOTIA PACIFIC LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 15 months to 31 December 2022


£
£
Fixed assets
Intangible assets: 3 1,451,563 1,284,572
Tangible assets: 4 2,705,158 2,394,827
Investments: 5 4,726,031 4,183,215
Total fixed assets: 8,882,752 7,862,614
Current assets
Stocks: 6 1,071,652 948,372
Debtors: 7 9,915,080 8,772,638
Cash at bank and in hand: 2,805,268 2,481,653
Investments: 8 1,237,343 1,095,348
Total current assets: 15,029,343 13,298,011
Prepayments and accrued income: 312,458
Creditors: amounts falling due within one year: 9 ( 4,500,501 ) ( 3,982,745 )
Net current assets (liabilities): 10,528,842 9,627,724
Total assets less current liabilities: 19,411,594 17,490,338
Creditors: amounts falling due after more than one year: 10 ( 1,990,283 ) ( 1,762,198 )
Provision for liabilities: ( 466,446 ) ( 412,773 )
Total net assets (liabilities): 16,954,865 15,315,367
Capital and reserves
Called up share capital: 6,404,022 5,667,276
Share premium account: 130,609 115,592
Other reserves: 1,821,512 1,611,957
Profit and loss account: 8,598,722 7,920,542
Total Shareholders' funds: 16,954,865 15,315,367

The notes form part of these financial statements

SCOTPAC - SCOTIA PACIFIC LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 June 2024
and signed on behalf of the board by:

Name: DOUGLAS WEST TRUST
Status: Director

The notes form part of these financial statements

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 15 months to 31 December 2022
    Average number of employees during the period 12 12

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 1,284,572 1,284,572
Additions 166,991 166,991
Disposals
Revaluations
Transfers
At 31 December 2023 1,451,563 1,451,563
Amortisation
At 1 January 2023 0 0
Charge for year
On disposals
Other adjustments
At 31 December 2023 0 0
Net book value
At 31 December 2023 1,451,563 1,451,563
At 31 December 2022 1,284,572 1,284,572

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 2,394,827 0 0 0 0 2,394,827
Additions 310,331 310,331
Disposals
Revaluations
Transfers
At 31 December 2023 2,394,827 0 0 0 310,331 2,705,158
Depreciation
At 1 January 2023 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0
Other adjustments
At 31 December 2023 0 0 0 0 0 0
Net book value
At 31 December 2023 2,394,827 0 0 0 310,331 2,705,158
At 31 December 2022 2,394,827 0 0 0 0 2,394,827

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed assets investments note

Fixed Assets Investments Statement Intangible Assets - Goodwill: £1,451,563 - Other intangible assets: £128,457 Tangible Assets - Property, plant, and equipment: £2,705,158 Investments - Long-term investments in subsidiaries, joint ventures, or securities: £4,726,031 Total Fixed Assets Investments £8,882,752

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Stocks

2023 15 months to 31 December 2022
£ £
Stocks 1,071,652 948,372
Total 1,071,652 948,372

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Debtors

2023 15 months to 31 December 2022
£ £
Trade debtors 9,915,080 8,772,638
Total 9,915,080 8,772,638

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Current assets investments note

- Short-Term Investments: £1,237,343 - Investments consist of marketable securities and other liquid assets intended for short-term gains. - Assets are recorded at fair market value and adjusted periodically to reflect any changes. - These investments are expected to be converted into cash within the next financial year. Let me know if you need further refinements!

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

9. Creditors: amounts falling due within one year note

2023 15 months to 31 December 2022
£ £
Trade creditors 4,500,501 3,982,745
Total 4,500,501 3,982,745

SCOTPAC - SCOTIA PACIFIC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

10. Creditors: amounts falling due after more than one year note

2023 15 months to 31 December 2022
£ £
Other creditors 1,990,283 1,762,198
Total 1,990,283 1,762,198