Inglewood House Limited 31/03/2025 iXBRL

Company registration number: SC476328

Inglewood House Limited

Unaudited filleted financial statements

31 March 2025

Inglewood House Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Inglewood House Limited

Directors and other information


Directors	Mr E Campbell	(Resigned 25 March 2025)
	Mr Steven Campbell	(Appointed 24 March 2025)


Secretary	Mr S Campbell


Company number	SC476328


Registered office	Inglewood House
	Tullibody Road
	Alloa
	Clackmannanshire
	FK10 2HU


Accountants	Arm in Arm Accounting Limited
	Herkimer House
	Mill Road Industrial Estate
	Linlithgow
	EH49 7SF

Inglewood House Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	1,442,162		1,461,881
		_______		_______
			1,442,162		1,461,881

Current assets
Stocks	8	16,783		13,486
Debtors	9	17,823		38,964
Cash at bank and in hand		982,276		876,094
		_______		_______
		1,016,882		928,544
Creditors: amounts falling due
within one year	10	( 1,715,530)		( 761,157)
		_______		_______
Net current (liabilities)/assets			( 698,648)		167,387
			_______		_______
Total assets less current liabilities			743,514		1,629,268


Provisions for liabilities			( 44,108)		( 44,108)

			_______		_______
Net assets			699,406		1,585,160
			_______		_______

Capital and reserves
Called up share capital			44		1
Profit and loss account			699,362		1,585,159
			_______		_______
Shareholder funds			699,406		1,585,160
			_______		_______

For the 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr Steven Campbell

Director

Company registration number: SC476328

Inglewood House Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Inglewood House, Tullibody Road, Alloa, Clackmannanshire, FK10 2HU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 52 (2024: 60 ).

6. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	7,995	7,995
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	7,995	7,995
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

7. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	1,543,471	550,792	36,149	27,024	2,157,436
Additions	-	-	-	18,499	18,499
	_______	_______	_______	_______	_______
At 31 March 2025	1,543,471	550,792	36,149	45,523	2,175,935
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	120,522	532,938	31,285	10,810	695,555
Charge for the year	21,538	5,084	2,491	9,105	38,218
	_______	_______	_______	_______	_______
At 31 March 2025	142,060	538,022	33,776	19,915	733,773
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	1,401,411	12,770	2,373	25,608	1,442,162
	_______	_______	_______	_______	_______
At 31 March 2024	1,422,949	17,854	4,864	16,214	1,461,881
	_______	_______	_______	_______	_______

8. Stocks

	2025	2024
	£	£
Stocks	16,783	13,486
	_______	_______

9. Debtors

	2025	2024
	£	£
Trade debtors	2,553	23,519
Other debtors	15,270	15,445
	_______	_______
	17,823	38,964
	_______	_______

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	59,465	99,045
Corporation tax	67,685	70,304
Social security and other taxes	85,040	85,694
Other creditors	1,503,340	506,114
	_______	_______
	1,715,530	761,157
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note )	44,108	44,108
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

			2025	2024
			£	£

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Mr E Campbell	(886,776)	(90,000)	( 1,039,776)	( 153,000)
Mr S Campbell	(150,000)	-	( 150,000)	-
	_______	_______	_______	_______

During the year, the completed a reorgainsation of its share capital and approved the buyback of shares from Mr E Campbell which were purchased for £1m. At the year end, the business owed Mr E Campbell £1,039,776. Mr S Campbell was appointed director on the 24th of March 2025. At the end of the year the business owed £150,000 to Mr S Campbell .

13. Share Capital

During the year, the company issued the following new shares. 49 ordinary shares, 10 A Ordinary Shares, 2 B Ordinary Shares, 2 C Ordinary Shares All shares were issued at £1 per share, were fully paid, and carry a nominal value of £1 per share. During the year, the company repurchased 20 Ordinary shares for a total consideration of £1m. The repurchased shares were cancelled on aquisition. The buy back was funded from distributable reserves.