Company No: SC249531 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	16,515		12,750
Tangible assets	5	234,061		250,476
		250,576		263,226
Current assets
Debtors	6	871,990		966,719
Cash at bank and in hand	7	2,132,823		4,863,287
		3,004,813		5,830,006
Creditors: amounts falling due within one year	8	( 1,906,340)		( 1,645,456)
Net current assets		1,098,473		4,184,550
Total assets less current liabilities		1,349,049		4,447,776
Provision for liabilities		( 15,874)		( 15,874)
Net assets		1,333,175		4,431,902
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		1,333,173		4,431,900
Total shareholder's funds		1,333,175		4,431,902

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of SuperControl Limited (registered number: SC249531) were approved and authorised for issue by the Board of Directors on 22 September 2025. They were signed on its behalf by:

Daniel D Sacerdoti Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SuperControl Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 4 Market Street, Castle Douglas, DG7 1BE, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	4 years straight line
Website costs	4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	5 % reducing balance
Plant and machinery	25 % reducing balance
Fixtures and fittings	15 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Prior year adjustment

		As previously reported		Adjustment		As restated
Year ended 31 December 2023		£		£		£
Deferred Income		287,502		404,846		692,348
Profit and loss account reserve		4,836,745		(404,846)		4,431,899

Vacation Brands Purchaser Inc acquired SuperControl in April 2019. In the year of acquisition, Vacation Brands Purchaser Inc accounted for deferred income in their consolidated accounts, but this was not accounted for in the UK accounts.
The directors are now aware of this difference and a prior year adjustment has been made to defer the income previously accounted for of £404,846.

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	35		31

4. Intangible assets

	Goodwill		Website costs		Total
	£		£		£
Cost
At 01 January 2024	546,184		12,750		558,934
Additions	0		3,765		3,765
At 31 December 2024	546,184		16,515		562,699
Accumulated amortisation
At 01 January 2024	546,184		0		546,184
At 31 December 2024	546,184		0		546,184
Net book value
At 31 December 2024	0		16,515		16,515
At 31 December 2023	0		12,750		12,750

The website has not had amortisation charged on it as the website had not been brought into use at 31 December 2024.

5. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	213,316		11,039		38,059		157,685		420,099
Additions	0		0		1,846		12,886		14,732
At 31 December 2024	213,316		11,039		39,905		170,571		434,831
Accumulated depreciation
At 01 January 2024	53,864		6,572		21,170		88,017		169,623
Charge for the financial year	7,972		670		2,674		19,831		31,147
At 31 December 2024	61,836		7,242		23,844		107,848		200,770
Net book value
At 31 December 2024	151,480		3,797		16,061		62,723		234,061
At 31 December 2023	159,452		4,467		16,889		69,668		250,476

6. Debtors

	2024		2023
	£		£
Trade debtors	535,594		476,440
Other debtors	336,396		490,279
	871,990		966,719

7. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	2,132,823		4,863,287

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	16,503		90,220
Taxation and social security	999,251		836,570
Other creditors	890,586		718,666
	1,906,340		1,645,456

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

10. Related party transactions

During the financial year to 31 December 2024, the company was controlled by Vacation Brands Purchaser Inc who owns 100% of the share capital.

During the year to 31 December 2024 SuperControl Ltd purchased IT services from Inhabit Polska Sp z.o.o., a company wholly owned by Vacation Brands Purchaser Inc, totalling £931,609 (2023: £706,280).

Amounts owing to Inhabit Polska Sp z.o.o. at the year end were nil (2023 : £88,104).

Amounts owed by Inhabit Parent LLC at the year end were £106,232 (2023: £106,232).

During the year to 31 December 2024 SuperControl Ltd provided services to Lightmaker Property Manager (LMPM) Inc., a company wholly owned by Vacation Brands Purchaser Inc., totalling £221,558 (2023: £45,624). Amounts owed by Lightmaker Property Manager (LMPM) Inc. at the year end were £37,204 (2023: £45,624).

During the year, the company paid rent of £30,000 to Orroland Holdings Ltd for use of the freehold property 4 Market Street, Castle Douglas which is owned by Orroland Holdings Ltd., a company of which Robert Kennedy, director of SuperControl Ltd, is also one of the directors and shareholders. The leaser is under formal contract terms and has an independently verified rent review period every five years.

During the year, the company paid dividends to Vacation Brands Purchaser Inc of £4,836,745 (2023: £2,338,342)

11. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by Mr Rodney Palmer, BA, CA on behalf of Farries, Kirk & McVean, Chartered Accountants.