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Company No: 02008584 (England and Wales)

# SCOTT DAVIDSON LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SCOTT DAVIDSON LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SCOTT DAVIDSON LIMITED

## BALANCE SHEET

As at 31 March 2025
SCOTT DAVIDSON LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,996 |  | 3,649
|  | 2,996 |  | 3,649
Current assets |  |  |  |
Debtors | 4 | 137,125 |  | 136,682
Cash at bank and in hand |  | 218,699 |  | 259,521
|  | 355,824 |  | 396,203
Creditors: amounts falling due within one year | 5 | ( 34,156) |  | ( 44,398)
Net current assets |  | 321,668 |  | 351,805
Total assets less current liabilities |  | 324,664 |  | 355,454
Provision for liabilities | 6 | ( 749) |  | ( 912)
Net assets |  | 323,915 |  | 354,542
Capital and reserves |  |  |  |
Called-up share capital | 7 | 575 |  | 575
Share premium account |  | 233,327 |  | 233,327
Capital redemption reserve |  | 123 |  | 123
Profit and loss account |  | 89,890 |  | 120,517
Total shareholder's funds |  | 323,915 |  | 354,542

For the financial year ending 31 March 2025 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 financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Scott Davidson Limited (registered number: 02008584) were approved and authorised for issue by the Director on 13 November 2025. They were signed on its behalf by:

M Portis Director |

SCOTT DAVIDSON LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SCOTT DAVIDSON LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Scott Davidson Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units 31 & 37 Walters Workshops 249-251 Kensal Road, London, W10 5DB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity:
- and specific criteria have been met for each of the company’s activities.

##### Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial. In such cases debtors are stated at transaction price less impairment losses. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the transaction.

##### Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

##### Trade and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

##### Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.
Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.
Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.
Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 94,459 |  | 94,459
Additions | 283 |  | 283
At 31 March 2025 | 94,742 |  | 94,742
Accumulated depreciation |  |  |
At 01 April 2024 | 90,810 |  | 90,810
Charge for the financial year | 936 |  | 936
At 31 March 2025 | 91,746 |  | 91,746
Net book value |  |  |
At 31 March 2025 | 2,996 |  | 2,996
At 31 March 2024 | 3,649 |  | 3,649

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 90 |  | 1,164
Amounts owed by Parent undertakings | 133,102 |  | 131,602
Other debtors | 3,933 |  | 3,916
| 137,125 |  | 136,682

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | ( 1,577) |  | 2
Taxation and social security | 35,733 |  | 44,396
| 34,156 |  | 44,398

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 749 |  | 912

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
345 A ordinary shares of £ 1.00 each | 345 |  | 345
230 B ordinary shares of £ 1.00 each | 230 |  | 230
| 575 |  | 575

#### 8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 18,672 |  | 22,415
between one and five years | 5,600 |  | 24,272
Total future minimum lease payments under non-cancellable operating leases | 24,272 |  | 46,687

#### 9. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts payable from key management | 0 |  | 101

During the year the company made advance of £Nil and repayments of £101.
The company has taken advantage of the exemption in FRS 102 35.1AC “Related Party Disclosures” from disclosing transactions with other members of the group.

The above loans are provided interest free, unsecured, and repayable on demand.