Scott & Sargeant Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03706044

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		386,668		386,668
Investments	5		3,504,726		1,000

			3,891,394		387,668
CURRENT ASSETS
Debtors	6	5,669,591		5,808,411
Cash at bank and in hand		499,856		409,606

		6,169,447		6,218,017
Creditors: Amounts Falling Due Within One Year	7	(3,331,067 )		(19,872 )

NET CURRENT ASSETS (LIABILITIES)			2,838,380		6,198,145

TOTAL ASSETS LESS CURRENT LIABILITIES			6,729,774		6,585,813

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,374 )		-

NET ASSETS			6,712,400		6,585,813

CAPITAL AND RESERVES
Called up share capital			1,000		1,000
Profit and Loss Account			6,711,400		6,584,813

SHAREHOLDERS' FUNDS			6,712,400		6,585,813

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Scott & Sargeant Holdings Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr P F Charnaud

Director

24 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Scott & Sargeant Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03706044 . The registered office is 1 Blatchford Road, Horsham, West Sussex, RH13 5QR .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

No depreciation

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Scott & Sargeant Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Investments

Investments in the subsidiary undertaking are stated at cost less impairment.

Listed investment held as fixed assets are recorded at fair value at the balance sheet date, with the unrealised gain or loss for the year recognised in profit and loss and taken to the revaluation reserve.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 2)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2024	386,668

As at 31 December 2024	386,668

Net Book Value
As at 31 December 2024	386,668

As at 1 January 2024	386,668

Included witltin the net book value of land and buildings above is £386,668 (2023 -£386,668) in respect of freehold land and buildings let out to its trading subsidiary undertaking.

5. Investments

	Subsidiaries	Listed	Total
	£	£	£
Cost
As at 1 January 2024	1,000	-	1,000
Additions	-	4,440,106	4,440,106
Disposals	-	(1,027,823 )	(1,027,823 )
Revaluations	-	91,443	91,443

As at 31 December 2024	1,000	3,503,726	3,504,726

Provision
As at 1 January 2024	-	-	-

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	1,000	3,503,726	3,504,726

As at 1 January 2024	1,000	-	1,000

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	9,591	8,411
Amounts owed by other related parties (less than 1 year)	5,660,000	5,800,000

	5,669,591	5,808,411

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Scott & Sargeant Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Amounts owed to group undertakings	3,312,499	-
Amounts owed to participating interests	12,454	12,454
Other creditors	335	336
Taxation and social security	5,779	7,082

	3,331,067	19,872

8. Related Party Transactions

Summary of transactions with all subsidiaries

Scott & Sargeant Wood Working Machinery Limited

Scott & Sargeant Wood Working Machinery Limited is a 79% subsidiary undertaking of the company at the balance sheet date.

The company owns the business premises from which Scott & Sargeant Wood Working Machinery Limited operates. Scott & Sargeant Wood Working Machinery Limited paid rent amounting to £200,000 (2023: £200,000) for the occupation of the premises.

The amount outstanding from Scott & Sargeant Wood Working Machinery Limited as at the balance sheet date was £5,660,000 (2023: £5,800,000), The amount due is interest free and repayable on demand.

In addition to the above the company owes £12,454 (£2023: £12,454) to Scott & Sargeant Wood Working Machinery Limited for certain expenses paid on its behalf.

Transactions with group undertakings

M.E Charnaud & Sons Limited

On 03 April 2024, The P F Charnaud Family Trust and The J P Charnaud Trust have transferred their shares (52.40% shareholding) in the company to M.E Charnaud & Sons Limited as part of a share for share exchange.

As a result, M.E Charnaud & Sons Limited is now the parent company of Scott & Sargeant Holdings Limited.

Prior to the exchange of shares, the company acquired an investment portfolio from M.E Charnaud & Sons Limited. As the acquisition occured before the exchange of shares, this did not constitute a related party transaction at the time under applicable accounting standards.

The investment portfolio was acquired on 19 February 2024 for £3,267,743 being the market value.

While the transaction was not a related party transaction at the time, it is disclosed here due to its significance and proximity to the group acquisition.

As at the balance sheet date, the amounts owed to M.E Charnaud & Sons Limited is £3,312,499 (2023 - £Nil).

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