ACCOUNTS - Final Accounts

Unaudited Financial Statements

Skope Projects (NI) Limited

For the year ended 31 March 2025

Registered number: NI065840


Skope Projects (NI) Limited

Company Information

Directors	J Henderson
	A Murray


Company secretary	J Henderson


Registered number	NI065840


Registered office	Murrays Exchange
	1 Linfield Road
	Belfast
	BT12 5DR


Accountants	Grant Thornton Advisors (NI) LLP
	Chartered Accountants
	12 - 15 Donegall Square West
	Belfast
	BT1 6JH


Bankers	Ulster Bank Limited
	11-16 Donegall Square East
	Belfast
	BT1 5UB


Skope Projects (NI) Limited

Contents

	Page
Accountants' report	1
Balance sheet	2
Notes to the financial statements	3 - 6

Independent Accountant's Report to the directors of the unaudited financial statements of Skope Projects (NI) Limited for the year ended 31 March 2025

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Skope Projects (NI) Limited for the year ended 31 March 2025, which comprise the profit and loss account, Balance sheet and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Skope Projects (NI) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Skope Projects (NI) Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Skope Projects (NI) Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 31 March 2025 and you have acknowledged on the Balance sheet as at 31 March 2025 your duty to ensure that Skope Projects (NI) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Skope Projects (NI) Limited is exempt from the statutory audit requirement for the year ended 31 March 2025.

We have not been instructed to carry out an audit or review the financial statements of Skope Projects (NI) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Grant Thornton Advisors (NI) LLP
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH

Date: 9 December 2025

Page 1


Skope Projects (NI) Limited Registered number:NI065840

Balance sheet

As at 31 March 2025

		2025		2024
Note		£		£

Current assets
Debtors: amounts falling due within one year	5	10,755		1,374
Cash at bank and in hand	6	3,039		26,845
		13,794		28,219
Creditors: amounts falling due within one year	7	(4,926)		(24,602)
Net current assets			8,868		3,617
Total assets less current liabilities			8,868		3,617

Net assets			8,868		3,617

Capital and reserves
Called up share capital	8	1	1
Profit and loss account	9	8,867	3,616
		8,868	3,617

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 December 2025.

J Henderson

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


Skope Projects (NI) Limited

Notes to the financial statements

For the year ended 31 March 2025

1.	Company information

Skope Projects (NI) Limited is a private company, limited by shares, incorporated in Northern Ireland. The registered office is Murrays Exchange, 1-9 Linfield Road, Belfast, BT12 5DR.
The principal activity of the company is the provision of project management services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterlings (£).

The following principal accounting policies have been applied:

2.2

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.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3


Skope Projects (NI) Limited

Notes to the financial statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is the total amount estimated to be receivable by the company for services rendered and disbursement charges to clients during the period, excluding VAT.
Revenue is recognised when a right to consideration has been obtained through performance under each contract and reflects the contract activity during the period having regard to the stage of completion of each contract and the relative uncertainty of predicting ultimate profitability on long term assignment. Revenue in respect of conditional or contingent fee engagements, which is over and above any agreed minimum fee, is recognised when the contingent event occurs.
Client disbursements incurred are deducted from turnover in arriving at net fees in the profit and loss account.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

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.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4


Skope Projects (NI) Limited

Notes to the financial statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results.
In the directors' opinions, there are no significant judgements, estimates and assumptions made about the recognition of assets, liabilities, incomes and expenses.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 3).

Debtors

					2025	2024
					£	£


Trade debtors	2	2
Amounts owed by related parties	9,338	-
Other debtors	1,414	1,371
Called up share capital not paid	1	1
	10,755	1,374

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	3,039	26,845
	3,039	26,845

Page 5


Skope Projects (NI) Limited

Notes to the financial statements

For the year ended 31 March 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	3,540
Amounts owed to related parties	-	17,662
Corporation tax	1,176	-
Accruals and deferred income	3,750	3,400
	4,926	24,602

Amounts owed to related parties are unsecured, interest free and repayable on demand.

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

Reserves

Profit & loss account
This includes all current and prior period retained profits and losses.

10.	Related party transactions
	The company is related to Skope Projects LLP by virtue of common control. During the year the company had net transactions totalling £27,000. At the balance sheet date the amount owed from Skope Projects LLP was £9,338 (2024: £17,662 owed to). The loan is unsecured, interest free and repayable upon demand.

11.	Controlling party

There is no ultimate controlling party.

Page 6