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REGISTERED NUMBER: 01855231 (England and Wales)















Scotton Finance Limited

Audited Financial Statements

for the Year Ended 31st December 2024






Scotton Finance Limited (Registered number: 01855231)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Scotton Finance Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: D F Appleyard
Mrs C Appleyard
S D Appleyard



SECRETARY: Mrs C Appleyard



REGISTERED OFFICE: Stour Lodge
Ship Hill
Bradfield
Nr. Manningtree
Essex
CO11 2UP



REGISTERED NUMBER: 01855231 (England and Wales)



SENIOR STATUTORY AUDITOR: Paul Sparks F.C.A. F.C.C.A.



AUDITORS: Cheney & Co
Statutory Auditor
310 Wellingborough Road
Northampton
NN1 4EP

Scotton Finance Limited (Registered number: 01855231)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 5 165,495 165,495

CURRENT ASSETS
Debtors 6 1,741,970 1,828,403
Cash at bank 28,113 28,689
1,770,083 1,857,092
CREDITORS
Amounts falling due within one year 7 390,140 499,126
NET CURRENT ASSETS 1,379,943 1,357,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,545,438

1,523,461

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,544,438 1,522,461
SHAREHOLDERS' FUNDS 1,545,438 1,523,461

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 30th May 2025 and were signed on its behalf by:





S D Appleyard - Director


Scotton Finance Limited (Registered number: 01855231)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Scotton Finance 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 (£).


The company's principal activity is the provision of credit.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the interest charged on loans provided.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

Fixed asset investments
Fixed asset investments are stated at cost unless in the opinion of the directors there has been a permanent diminution in value, in which case, an appropriate adjustment is made.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Scotton Finance Limited (Registered number: 01855231)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st January 2024
and 31st December 2024 165,495
NET BOOK VALUE
At 31st December 2024 165,495
At 31st December 2023 165,495

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 3,704 111,653
Other debtors 39,367 4,100
43,071 115,753

Amounts falling due after more than one year:
Trade debtors 1,698,899 1,712,650

Aggregate amounts 1,741,970 1,828,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 89,110 86,912
Taxation and social security 5,151 3,899
Other creditors 295,879 408,315
390,140 499,126

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Sparks F.C.A. F.C.C.A. (Senior Statutory Auditor)
for and on behalf of Cheney & Co

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2024 or 31st December 2023.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2024 or 31st December 2023.

Scotton Finance Limited (Registered number: 01855231)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

12. RELATED PARTY DISCLOSURES

Previously loans were made to businesses in which the directors are partners or directors. At 31st December 2024 the amount owing from these businesses was £1,385,233, (2023: £1,398,020). Of these £1,367,156, (2023: £1,376,943 were charged interest at a market rate. The loans not attracting interest are repayable on demand.

The amount owed to the company's associate undertaking at 31st December 2024 was £89,110 (2023 :£86,912).
The amount owed to the directors and their families at 31st December 2024 was £277,597 (2023: £389,394).

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements and tax computations.