Scott Arms Homes Limited 31/12/2024 iXBRL

Company registration number: 11560214

Scott Arms Homes Limited

Unaudited abridged financial statements

31 December 2024

Scott Arms Homes Limited

Contents

Directors and other information

Director's report

Abridged statement of comprehensive income

Abridged statement of financial position

Notes to the financial statements

Scott Arms Homes Limited

Directors and other information


	Director	Dr Philip Tangri


	Company number	11560214


	Registered office	920 Walsall Road
		Great Barr
		Birmingham
		West Midlands
		B42 1TG


	Business address	920 Walsall Road
		Great Barr
		Birmingham
		West Midlands
		B42 1TG


	Accountant	K Jones

Scott Arms Homes Limited

Director's report

Year ended 31 December 2024

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024.

Director

The director who served the company during the year was as follows:

Dr Philip Tangri

Small company provisions

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

This report was approved by the board of directors on 23 September 2025 and signed on behalf of the board by:

Dr Philip Tangri

Director

Scott Arms Homes Limited

Abridged statement of comprehensive income

Year ended 31 December 2024

		2024	2023
	Note	£	£

Gross profit		-		14,110
Depreciation and other amounts written off tangible and intangible fixed assets		( 9,676)		( 12,901)
Other operating expenses		( 8,729)		( 12,155)
		_______		_______
Operating loss		( 18,405)		( 10,946)

Other interest receivable and similar income		281		-
Interest payable and similar expenses		-		( 386)
		_______		_______
Loss before taxation	4	( 18,124)		( 11,332)

Tax on loss		-		( 299)
		_______		_______
Loss for the financial year and total comprehensive income		( 18,124)		( 11,631)
		_______		_______

All the activities of the company are from continuing operations.

Scott Arms Homes Limited

Abridged statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	55,275		64,952
		_______		_______
			55,275		64,952

Current assets
Stocks		3,201,073		2,043,239
Debtors		29,408		28,493
Cash at bank and in hand		605		4,891
		_______		_______
		3,231,086		2,076,623
Creditors: amounts falling due
within one year		( 3,432,425)		( 2,269,515)
		_______		_______
Net current liabilities			( 201,339)		( 192,892)
			_______		_______
Total assets less current liabilities			( 146,064)		( 127,940)

			_______		_______
Net liabilities			( 146,064)		( 127,940)
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			( 146,065)		( 127,941)
			_______		_______
Shareholder deficit			( 146,064)		( 127,940)
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Dr Philip Tangri

Director

Company registration number: 11560214

Scott Arms Homes Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scott Arms Homes, 920 Walsall Road, Great Barr, Birmingham, West Midlands, B42 1TG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At 31 December 2024 there was a deficiency of assets £146,064. The company is dependent upon the continued financial support of its director which will continue. On this basis the director considers it appropriate to prepare financial statements on a going concern basis. These financial statements do not include any adjustments which would arise if the accounts had not been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

4. Loss before taxation

Loss before taxation is stated after charging/(crediting):

	2024	2023
	£	£
Depreciation of tangible assets	9,676	12,901
	_______	_______

5. Tangible assets


		£
	Cost
	At 1 January 2024 and 31 December 2024	148,911
		_______
	Depreciation
	At 1 January 2024	83,960
	Charge for the year	9,676
		_______
	At 31 December 2024	93,636
		_______
	Carrying amount
	At 31 December 2024	55,275
		_______
	At 31 December 2023	64,951
		_______

6. Average Number of employees

The average number of persons employed by the company during the year was 1 (2023: 1)