REGISTERED NUMBER: 05948431 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 30 June 2025

for

Scarborough Museums, Culture and

Creative Trust Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S A Gorham

REGISTERED OFFICE:

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

REGISTERED NUMBER:

05948431 (England and Wales)

ACCOUNTANTS:

Edward Milnes & Co

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

FIXED ASSETS

Tangible assets

4

37,924

18,807

CURRENT ASSETS

Debtors

5

4,495

56,216

Cash at bank

50,741

46,073

55,236

102,289

CREDITORS

Amounts falling due within one year

6

19,509

46,174

NET CURRENT ASSETS

35,727

56,115

TOTAL ASSETS LESS CURRENT LIABILITIES

73,651

74,922

CREDITORS

Amounts falling due after more than one year

7

(20,915

)

(806

)

PROVISIONS FOR LIABILITIES

-

(2,177

)

NET ASSETS

52,736

71,939

RESERVES

Income and expenditure account

52,736

71,939

52,736

71,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mrs S A Gorham - Director

1.	STATUTORY INFORMATION

Scarborough Museums, Culture and Creative Trust Enterprises Limited is a private company, limited by guarantee , 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Computer equipment

-

50% on cost, 33% on cost and 20% on cost

Taxation

Taxation for the period 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

18,064

8,798

23,302

31,885

82,049

Additions

-

-

-

34,158

34,158

Disposals

-

-

-

(10,400

)

(10,400

)

At 30 June 2025

18,064

8,798

23,302

55,643

105,807

DEPRECIATION

At 1 April 2024

11,071

5,359

15,917

30,895

63,242

Charge for period

2,258

2,070

1,399

8,624

14,351

Eliminated on disposal

-

-

-

(9,710

)

(9,710

)

At 30 June 2025

13,329

7,429

17,316

29,809

67,883

NET BOOK VALUE

At 30 June 2025

4,735

1,369

5,986

25,834

37,924

At 31 March 2024

6,993

3,439

7,385

990

18,807

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

3,390

4,600

7,990

Additions

-

33,568

33,568

Disposals

-

(4,600

)

(4,600

)

Transfer to ownership

(3,390

)

-

(3,390

)

At 30 June 2025

-

33,568

33,568

DEPRECIATION

At 1 April 2024

2,034

3,680

5,714

Charge for period

848

8,446

9,294

Eliminated on disposal

-

(3,910

)

(3,910

)

Transfer to ownership

(2,882

)

-

(2,882

)

At 30 June 2025

-

8,216

8,216

NET BOOK VALUE

At 30 June 2025

-

25,352

25,352

At 31 March 2024

1,356

920

2,276

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.3.24

£

£

Trade debtors

1,597

38,073

Tax

2,045

-

Accrued income

-

14,059

Prepayments

853

4,084

4,495

56,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.3.24

£

£

Finance leases

6,077

1,582

Trade creditors

6,333

9,020

Tax

-

267

Social security and other taxes

-

345

VAT

851

1,041

Other creditors

249

17,668

Deferred income

-

11,251

Accrued expenses

5,999

5,000

19,509

46,174

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

31.3.24

£

£

Finance leases

20,915

806

8.	RELATED PARTY DISCLOSURES

Scarborough Museums, Culture and Creative Trust Enterprises Ltd is a wholly owned subsidiary of Scarborough Museums, Culture and Creative Trust.

During the period, the company acquired services from Scarborough Museums, Culture and Creative Trust totalling £25,000 (March 2024 - £20,000).

During the period, the company provided goods and services to Scarborough Museums, Culture and Creative Trust totalling £66,376 (March 2024 - £52,943).

At the period end, nothing was owed by Scarborough Museums, Culture and Creative Trust (March 2024 - £37,012).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Scarborough Museums, Culture and Creative Trust.