REGISTERED NUMBER: 13389948 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2024 to 31 December 2024

for

Mulder and Scollay Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P J S Cheyne

C J Tuohy

REGISTERED OFFICE:

28 Eccleston Square

London

SW1V 1NZ

REGISTERED NUMBER:

13389948 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mulder and Scollay Limited for the period ended 31 December 2024 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mulder and Scollay Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mulder and Scollay Limited and state those matters that we have agreed to state to the Board of Directors of Mulder and Scollay Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mulder and Scollay Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mulder and Scollay Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mulder and Scollay Limited. You consider that Mulder and Scollay Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mulder and Scollay Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

15 July 2025

FIXED ASSETS

Investments

4

-

803,213

CREDITORS

Amounts falling due within one year

5

(1,500

)

(1,500

)

NET CURRENT LIABILITIES

(1,500

)

(1,500

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,500

)

801,713

CREDITORS

Amounts falling due after more than one year

6

(3,354,403

)

(4,321,085

)

NET LIABILITIES

(3,355,903

)

(3,519,372

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,356,003

)

(3,519,472

)

(3,355,903

)

(3,519,372

)

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:

C J Tuohy - Director

1.	STATUTORY INFORMATION

Mulder and Scollay 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.

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 period 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

The company's functional and presentational currency is GBP.

Foreign currency transactions are translated into functional currency using the spot exchange rates at the dates of the transactions.

Foreign exchange gains and losses resulting from the settlement of transactions denominated in foreign currencies are recognised in the profit and loss account.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in the profit and loss account within 'other operating income'.

Going concern

At 31 December 2024 there was a deficiency of assets amounting to £3,355,903. The company was dependant upon the continuing financial support of the directors. The directors have confirmed that they will continue to support the company and as such the accounts have been prepared on a going concern basis. The accounts do not include any adjustments which would result from a withdrawal of the directors financial support.

Investments

Investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2024

803,213

Disposals

(4,318,185

)

Reversal of impairments

3,514,972

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 May 2024

803,213

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Other creditors

1,500

1,500

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Amounts owed to group undertakings

4,568

3,000

Amounts owed to participating interests

987,181

1,087,722

Other creditors

2,362,654

3,230,363

3,354,403

4,321,085

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, the company received an interest free loan from the director C J Tuohy, the loan was unsecured and repayable on demand. The balance due to C J Tuohy and included in other creditors at 31 December 2024 amounted to £2,362,654 (31 May 2024 - £3,230,363).

8.	RELATED PARTY DISCLOSURES

During the period the company received an interest free loan from Ermahgerd Limited, a company in which P J S Cheyne is a director. The loan was unsecured and repayable on demand. The balance due to Ermahgerd Limited at 31 December 2024 amounted to £987,181 (31 May 2024 - £1,087,722).

During the period the company received an interest free loan from SPEECA Limited, a company in which C J Tuohy a director. The loan was unsecured and repayable on demand. The balance due to SPEECA Limited at 31 December 2024 amounted to £4,568 (31 May 2024 - £3,000).

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the current year and previous period.

The ultimate parent undertaking is SPEECA Limited, a company registered in England and Wales at 28 Eccleston Square, London, SW1V 1NZ.