REGISTERED NUMBER: 13126305 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Scorpion Operations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G P Brown

REGISTERED OFFICE:

Suite 43-45

Airport House

Purley Way

Croydon

CR0 0XZ

REGISTERED NUMBER:

13126305 (England and Wales)

ACCOUNTANTS:

Ledger Sparks Limited

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Tangible assets

4

1,642

2,334

Current assets

Debtors

5

89,583

73,688

Cash at bank

12,312

22,257

101,895

95,945

Creditors

Amounts falling due within one year

6

(90,223

)

(72,425

)

Net current assets

11,672

23,520

Total assets less current liabilities

13,314

25,854

Provisions for liabilities

7

(257

)

(376

)

Net assets

13,057

25,478

Capital and reserves

Called up share capital

1

1

Retained earnings

8

13,056

25,477

13,057

25,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2025 and were signed by:

G P Brown - Director

1.	STATUTORY INFORMATION

Scorpion Operations Ltd 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 (£).

The principal activity of the company continued to be that of High Court Enforcement and Debt Collections.

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 represents amounts receivable for High Court Enforcement and Debt Collections net of VAT and trade discounts.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer Equipment

25% Straight line

Fixtures and fittings

25% Straight line

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.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX

Deferred tax is recognized in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earning in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2024

150

3,644

3,794

Additions

-

311

311

At 31 January 2025

150

3,955

4,105

DEPRECIATION

At 1 February 2024

113

1,347

1,460

Charge for year

37

966

1,003

At 31 January 2025

150

2,313

2,463

NET BOOK VALUE

At 31 January 2025

-

1,642

1,642

At 31 January 2024

37

2,297

2,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,786

16,054

Amounts owed by associates

-

5,624

Other debtors

85,797

52,010

89,583

73,688

The director considers the carrying value of trade and other receivables approximate to their fair values.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

189

646

Taxation and social security

89,360

70,684

Other creditors

674

1,095

90,223

72,425

The director considers the carrying amounts of current liabilities approximate to their fair values.

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

257

376

Deferred

tax

£

Balance at 1 February 2024

376

Provided during year

(119

)

Balance at 31 January 2025

257

8.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

G P Brown

Balance outstanding at start of year

38,943

16,804

Amounts advanced

119,157

90,389

Amounts repaid

(93,896

)

(68,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

64,204

38,943

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, included in other debtors are amounts due from the director of £64,204 (2024 - £38,943). This loan is interest free and repayable on demand.

At the balance sheet date, included in amount owed by associates is the amount due from Stabilis Operations Ltd of Nil (2024- £5,624), a company in which G P Brown is director.