REGISTERED NUMBER: SC765533 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Horizon Group Falkirk Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

245,235

137,267

Investment property

5

2,467,603

1,343,289

2,712,838

1,480,556

CURRENT ASSETS

Debtors

6

29,190

-

Cash at bank

412

557

29,602

557

CREDITORS

Amounts falling due within one year

7

(2,576,486

)

(1,448,386

)

NET CURRENT LIABILITIES

(2,546,884

)

(1,447,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

165,954

32,727

PROVISIONS FOR LIABILITIES

(41,247

)

-

NET ASSETS

124,707

32,727

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

124,607

32,627

124,707

32,727

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 15 December 2025 and were signed on its behalf by:

Mr S Dougall - Director

1.	STATUTORY INFORMATION

Horizon Group Falkirk Limited is a private company, limited by shares, domiciled in Scotland, registration number SC765533. The registered office is Unit 1 Dollar Industrial Estate, Falkirk, FK2 7YS.

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.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

142,000

Additions

132,072

Disposals

(3,290

)

At 31 March 2025

270,782

DEPRECIATION

At 1 April 2024

4,733

Charge for year

21,016

Eliminated on disposal

(202

)

At 31 March 2025

25,547

NET BOOK VALUE

At 31 March 2025

245,235

At 31 March 2024

137,267

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,343,289

Additions

1,124,314

At 31 March 2025

2,467,603

NET BOOK VALUE

At 31 March 2025

2,467,603

At 31 March 2024

1,343,289

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

29,190

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to related parties

2,565,111

1,430,376

Taxation and social security

11,375

15,410

Other creditors

-

2,600

2,576,486

1,448,386

8.	RELATED PARTY DISCLOSURES

At the year end, the company owed £2,565,111 (2024: £1,430,376) to related parties.

Interest is being incurred on loans at a rate of 2.50% per annum.