REGISTERED NUMBER: 07538214 (England and Wales)

SCOTT WILLS HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Wills

Mrs L Wills

SECRETARY:

Mrs L Wills

REGISTERED OFFICE:

The Studio

43 Wimbledon Park Road

London

SW18 5SJ

REGISTERED NUMBER:

07538214 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

FIXED ASSETS

Investments

5

788,362

1,760,566

CURRENT ASSETS

Debtors

213,580

140,694

Cash at bank

194,476

432,316

408,056

573,010

CREDITORS

Amounts falling due within one year

140,670

397,451

NET CURRENT ASSETS

267,386

175,559

TOTAL ASSETS LESS CURRENT LIABILITIES

1,055,748

1,936,125

CAPITAL AND RESERVES

Called up share capital

526,424

526,424

Capital redemption reserve

600,000

600,000

Retained earnings

(70,676

)

809,701

SHAREHOLDERS' FUNDS

1,055,748

1,936,125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

Mr S Wills - Director

1.	STATUTORY INFORMATION

Scott Wills Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied, to all the years presented, unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about Scott Wills Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only 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. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated 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.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Pension costs and other post-retirement benefits

Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Investments

Investments in subsidiary and associated undertakings are shown at the lower of cost and net realisable value, less provision, where applicable, for any permanent diminution in value..

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 May 2024

1,760,566

Additions

15,400

Share of profit/(loss)

12,396

Impairments

(1,000,000

)

At 30 April 2025

788,362

NET BOOK VALUE

At 30 April 2025

788,362

At 30 April 2024

1,760,566

Cost or valuation at 30 April 2025 is represented by:

Totals

£

Valuation in 2017

(500,000

)

Valuation in 2022

(176,096

)

Valuation in 2025

(1,000,000

)

Cost

2,464,458

788,362

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Mr S Wills and Mrs L Wills

Balance outstanding at start of year

140,694

32,887

Amounts advanced

104,002

265,007

Amounts repaid

(78,600

)

(157,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

166,096

140,694

7.

RESERVES

Distributions have been made in excess of reserves. At the time that the distributions were voted to the holders of the "Ordinary" class of shares, the Directors reviewed available information and believed that there were sufficient reserves to enable these to be paid. During the preparation of the accounts, the decision to impair the investment has resulted in there being negative reserves at 30 April 2025.