Company registration number 05480849 (England and Wales)
SCOTT FRASER LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
SCOTT FRASER LIMITED
COMPANY INFORMATION
Directors
P L Aitchison
M B Cook
P Kavanagh
Secretary
P L Aitchison
Company number
05480849
Registered office
Crowthorne House
Nine Mile Ride
Wokingham
Berkshire
RG40 3GZ
SCOTT FRASER LIMITED
CONTENTS
Page
Directors' report
1 - 2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
SCOTT FRASER LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The Directors present their annual report and financial statements for the year ended 31 December 2024 for Scott Fraser Limited ("the Company").

Principal activities

The principal activity of the Company was the provision of estate agency services until it sold its trade to Leaders Limited, its parent company, on 1 September 2021. Since that date the Company has not traded.

Results and dividends

The Company was dormant for the year ended 31 December 2024.

Directors

The Directors of the Company who held office during the year and up to the date of signing the financial statements, unless otherwise stated, were as follows:

P L Aitchison
M B Cook
P Kavanagh
Qualifying third party indemnity provisions

At 31 December 2024, third party indemnity provision for the benefit of the Company's directors was in force. The Company maintains liability insurance for its Directors and officers during the year under review and up to the date of signing the financial statements. This is a qualifying third-party indemnity provision for the purposes of the Companies Act 2006.

Statement of Directors' responsibilities in respect of the financial statements

The Directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland Section 1A', and applicable law).

 

Under company law, Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 

In preparing these financial statements, the Directors are required to:

 

 

The Directors are responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

The Directors are also responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006.

 

 

SCOTT FRASER LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P L Aitchison
Director
11 August 2025
SCOTT FRASER LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
-
-
Amounts written off investments
3
-
(941)
Loss before taxation
-
0
(941)
Tax on loss
-
0
-
0
Loss for the financial year
-
0
(941)
All recognised gains and losses are included in the profit and loss account.
There are no items of other comprehensive income for either the year or the prior year other than the profit or loss for the year. Accordingly, no statement of other comprehensive income has been presented.

The notes on pages 5 to 7 form part of these financial statements.

SCOTT FRASER LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 4 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
4,654,655
4,654,655
Net current assets
4,654,655
4,654,655
Capital and reserves
Called up share capital
400
400
Share premium account
36,384
36,384
Profit and loss reserves
4,617,871
4,617,871
Total equity
4,654,655
4,654,655

The notes on pages 5 to 7 form part of these financial statements.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on
11 August 2025
11 August 2025
and are signed on its behalf by:
P L Aitchison
Director
Company registration number 05480849 (England and Wales)
SCOTT FRASER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
1
Accounting policies
Company information

Scott Fraser Limited is a private company limited by shares incorporated in England and Wales. The registered office is Crowthorne House, Nine Mile Ride, Wokingham, Berkshire, RG40 3GZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Following the transfer of the trade and net assets to the parent company, Leaders Limited, on 1 September 2021, the company ceased trading. The company is therefore no longer considered to be a going concern and the financial statements have therefore been prepared on a basis other than going concern.true

1.3
Financial instruments

The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

 

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

SCOTT FRASER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.4
Equity instruments

Equity instruments issued by the Company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2
Employees

The average monthly number of persons (including directors) employed by the Company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Amounts written off investments
2024
2023
£
£
Fair value gains/(losses)
Gain/(loss) on financial assets held at fair value through profit or loss
-
0
(941)
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
4,654,645
4,654,645
Other debtors
10
10
4,654,655
4,654,655

Intercompany balances are interest free, have no fixed payment terms, and are repayable on demand.

5
Financial commitments, guarantees and contingent liabilities

The company has guaranteed the borrowings of Hadrian Acquisition Limited, a fellow subsidiary of Hadrian Holding Limited. The borrowings subject to the guarantee at 31 December 2024 totaled £370,982,763 (2023 - £322,003,437).

SCOTT FRASER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
6
Related party transactions

The Company is a wholly owned subsidiary within the group headed by Hadrian Holding Limited and has taken advantage of the exemption conferred by FRS 102 'Related Party Disclosures' not to disclose related party transactions with Hadrian Holding Limited or other wholly owned subsidiaries within the group.

7
Controlling party
The Company is a subsidiary of Leaders Limited, which is registered at Crowthorne House, Nine Mile Ride, Wokingham, Berkshire, RG40 3GZ. At 31 December 2024, the Company's ultimate parent company was Hadrian Holding Limited, which is registered at 280 Bishopsgate, London, EC2M 4AG.
Hadrian Holding Limited is the smallest and largest group in which the results of the Company are consolidated. The consolidated financial statements, which include the results of this Company, are available to the public and may be obtained from Companies House.
At 31 December 2024, the ultimate controlling party of Scott Fraser Limited is Platinum Equity Small Cap Fund International (Cayman), L.P.
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