Scorpio Securities Limited - Period Ending 2025-03-31

Registration number: 01128472

Scorpio Securities Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Scorpio Securities Limited

(Registration number: 01128472)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investments	3	5,232,770	1,564,210
Current assets
Debtors	4	543,234	550,886
Cash at bank and in hand		4,552	3,252
		547,786	554,138
Creditors: Amounts falling due within one year	5	(1,156,593)	(462,081)
Net current (liabilities)/assets		(608,807)	92,057
Total assets less current liabilities		4,623,963	1,656,267
Creditors: Amounts falling due after more than one year	5	(1,510,750)	-
Net assets		3,113,213	1,656,267
Capital and reserves
Called up share capital	6	10,000	10,000
Share premium reserve		1,523,400	1,523,400
Retained earnings		1,579,813	122,867
Shareholders' funds		3,113,213	1,656,267

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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 9 December 2025 and signed on its behalf by:

.........................................

W M D Twelves

Director

Scorpio Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

Scorpio Securities Limited is a private company, limited by shares, domiciled in England and Wales, company number 01128472. The registered office is at Offices 5-7 Lumford Mill, Riverside Business Park, Buxton Road, Bakewell, DE45 1GS.

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Tax

The tax expense for the period comprises 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 income 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

Scorpio Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

3	Investments

Subsidiaries	£
Cost
At 1 April 2024	1,564,210
Additions	3,668,560
At 31 March 2025	5,232,770
Carrying amount
At 31 March 2025	5,232,770
At 31 March 2024	1,564,210

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2025	2024
Subsidiary undertakings
Litton Developments Limited (1)	England and Wales	Ordinary	100%	100%
Litton Living Limited (1)	England and Wales	Ordinary	100%	100%
Litton Limited (1)	England and Wales	Ordinary	100%	100%
Swarden Securities Limited (3)	England and Wales	Ordinary	100%	0%
Litton Holdings Limited (4)	England and Wales	Ordinary	61.62%	61.62%
Andak Securities Limited (1)	England and Wales	Ordinary	61.62%	61.62%
Litton (Parkgate) Limited (2)	England and Wales	Ordinary	61.62%	61.62%
Litton (Archer Road) Limited (2)	England and Wales	Ordinary	61.62%	61.62%

Scorpio Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Investments (continued)

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
Litton (Greenland Road) Limited (2)	England and Wales	Ordinary	61.62%	61.62%
Riverside Business Park Limited (2)	England and Wales	Ordinary	61.62%	61.62%
Litton Properties Limited (2)	England and Wales	Ordinary	61.62%	61.62%
Litton (Hellaby) Limited (2)	England and Wales	Ordinary	61.62%	61.62%
Litton (Donington) Limited (2)	England and Wales	Ordinary	61.62%	61.62%
Litton Investments Limited (1)	England and Wales	Ordinary	61.62%	61.62%
Litton Energy Limited (2)	England and Wales	Ordinary	61.62%	61.62%
Litton Construction Limited (5)	England and Wales	Ordinary	61.62%	61.62%
Associates
Litton (Thame) Limited (2)	England and Wales	Ordinary	30.81%	30.81%

Lutton Buccleuch (WMPE) Limited (2)	England and Wales	Ordinary	30.81%	30.81%

For the year ending 31 March 2025 the above subsidiaries were entitled to exemption from audit under section 478A of the Companies Act 2006 relating to subsidiary companies.

(1) The principal activity of this company is that of a dormant company.
(2) The principal activity of this company is deriving income and gains from property.
(3) The principal activity of this company is that of an investment company.
(4) The principal activity of this company is that of a holding company.
(5) The principal activity of this company is the construction of commercial buildings.

The following accounting periods are not co-terminus with Scorpio Securities Limited:

Litton Investments Limited - 28 February 2025

4

Debtors

	2025 £	2024 £
Amounts owed by group undertakings	3,319	5,352
Other debtors	539,915	545,534
	543,234	550,886

Scorpio Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Creditors

2025
£

2024
£

Due within one year

Trade creditors

5,400

914

Amounts owed to group undertakings

218,180

376,938

Taxation and social security

132,013

83,444

Accruals and deferred income

1,000

785

Other creditors

800,000

-

1,156,593

462,081

Due after one year

Other creditors

1,510,750

-

6

Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	7,600	7,600	7,600	7,600
Ordinary B shares of £1 each	400	400	400	400
Ordinary C shares of £1 each	500	500	500	500
Ordinary D shares of £1 each	500	500	500	500
Ordinary E shares of £1 each	500	500	500	500
Ordinary F shares of £1 each	500	500	500	500
	10,000	10,000	10,000	10,000

Voting:
Ordinary A, B, C, D, E and F shares rank equally for voting rights.

Dividends and distributions:
Ordinary A, B, C, D, E and F shares carry rights to participate in dividends on a pro-rata basis. With the consent of the Ordinary A shareholder, it is permitted to pay a greater dividend per share on any class of share as recommended by the directors.

Return on capital:
Ordinary A and B shares are entitled to a total of £12,000,000 on a winding up of the company.
Ordinary C, D, E and F shares are entitled to the balance of proceeds, on a pro-rata basis, to the number of shares held on a winding up of the company.

Redeemable:
Ordinary A, B, C, D, E and F shares are not redeemable.

Scorpio Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7	Related party transactions

The company has taken advantage of the exemption under FRS102 S33.1A not to disclose transactions between group companies.

During the year the director received loans from the company totalling £293,703 and made repayments totalling £351,666. The balance due from the director at the balance sheet date was £408,514 (2024: £466,477)

8	Parent and ultimate parent undertaking

The company is controlled by the director W M D Twelves.

	2025 £	2024 £
Due within one year
Trade creditors	5,400	914
Amounts owed to group undertakings	218,180	376,938
Taxation and social security	132,013	83,444
Accruals and deferred income	1,000	785
Other creditors	800,000	-
	1,156,593	462,081