0 0 Stott Brothers Ltd 11132407 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the letting of residential property including furnished holiday lets Digita Accounts Production Advanced 6.30.9574.0 true 11132407 2024-04-01 2025-03-31 11132407 2025-03-31 11132407 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2025-03-31 11132407 core:CurrentFinancialInstruments 2025-03-31 11132407 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11132407 core:Non-currentFinancialInstruments 2025-03-31 11132407 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 11132407 core:OtherResidualIntangibleAssets 2025-03-31 11132407 core:PlantMachinery 2025-03-31 11132407 core:OtherRelatedParties 2025-03-31 11132407 bus:SmallEntities 2024-04-01 2025-03-31 11132407 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11132407 bus:FilletedAccounts 2024-04-01 2025-03-31 11132407 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11132407 bus:RegisteredOffice 2024-04-01 2025-03-31 11132407 bus:Director1 2024-04-01 2025-03-31 11132407 bus:Director2 2024-04-01 2025-03-31 11132407 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-01 2025-03-31 11132407 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11132407 core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 11132407 core:PlantMachinery 2024-04-01 2025-03-31 11132407 core:OtherRelatedParties 2024-04-01 2025-03-31 11132407 countries:England 2024-04-01 2025-03-31 11132407 2024-03-31 11132407 core:PlantMachinery 2024-03-31 11132407 core:OtherRelatedParties 2024-03-31 11132407 2023-04-01 2024-03-31 11132407 2024-03-31 11132407 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 11132407 core:CurrentFinancialInstruments 2024-03-31 11132407 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11132407 core:Non-currentFinancialInstruments 2024-03-31 11132407 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11132407 core:PlantMachinery 2024-03-31 11132407 core:OtherRelatedParties 2024-03-31 11132407 core:OtherRelatedParties 2023-04-01 2024-03-31 11132407 core:OtherRelatedParties core:RenderingOrReceivingServices 2023-04-01 2024-03-31 11132407 2023-03-31 11132407 core:OtherRelatedParties 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11132407

Stott Brothers Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Stott Brothers Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Stott Brothers Ltd

Company Information

Directors | Mr William Stott Mr Thomas Stott

Registered office | 12a Deards End Lane Knebworth Herts SG3 6NL

Stott Brothers Ltd

(Registration number: 11132407)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 20,365 | -
Tangible assets | 5 | 10,981 | 16,389
Investment property | 6 | 746,032 | 746,032
|  | 777,378 | 762,421
Current assets |  |  |
Debtors | 7 | 2,481 | 1,342
Cash at bank and in hand |  | 994 | 15,468
|  | 3,475 | 16,810
Creditors: Amounts falling due within one year | 8 | (7,692) | (60,597)
Net current liabilities |  | (4,217) | (43,787)
Total assets less current liabilities |  | 773,161 | 718,634
Creditors: Amounts falling due after more than one year | 8 | (775,346) | (704,440)
Net (liabilities)/assets |  | (2,185) | 14,194
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | (2,285) | 14,094
Shareholders' (deficit)/funds |  | (2,185) | 14,194

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 prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 January 2026 and signed on its behalf by:

......................................... Mr William Stott Director

Stott Brothers Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
12a Deards End Lane
Knebworth
Herts
SG3 6NL

2 | Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The company's income from rents is apportioned on a straight line basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 33% reducing balance

Stott Brothers Ltd

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Intangible assets

The Company adopts an accounting policy of holding its intangible assets at cost less impairment. There is considerable volatility in the values of its holdings of intangible Cryptocurrency assets making accounting for holding those assets at fair value through profit and loss subject to short term fluctuations. Given the intention of the Company to hold those investments for the longer term, it is felt than an accounting policy of cost less impairment represents the fair view of the Company's assets.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Stott Brothers Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Stott Brothers Ltd

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

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
Additions | 30,847 | 30,847
Disposals | (4,846) | (4,846)
At 31 March 2025 | 26,001 | 26,001
Impairment
Impairment | 5,636 | 5,636
At 31 March 2025 | 5,636 | 5,636
Carrying amount
At 31 March 2025 | 20,365 | 20,365

5 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 36,421 | 36,421
At 31 March 2025 | 36,421 | 36,421
Depreciation
At 1 April 2024 | 20,032 | 20,032
Charge for the year | 5,408 | 5,408
At 31 March 2025 | 25,440 | 25,440
Carrying amount
At 31 March 2025 | 10,981 | 10,981
At 31 March 2024 | 16,389 | 16,389

6 | Investment properties

| 2025 £
At 1 April | 746,032
At 31 March | 746,032

Stott Brothers Ltd

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

In the opinion of the directors, the fair value of the properties is not materially different from their respective purchase prices.

There has been no valuation of investment property by an independent valuer.

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,049 | -
Prepayments | 732 | 642
Other debtors | 700 | 700
| 2,481 | 1,342

Stott Brothers Ltd

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

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 492 | 543
Taxation and social security | - | 55,254
Accruals and deferred income | 6,500 | 4,100
Other creditors | 700 | 700
| 7,692 | 60,597

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 775,346 | 704,440

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 775,346 | 704,440

11 | Related party transactions

Summary of transactions with other related parties

Owners with participating interest

Income and receivables from related parties

Stott Brothers Ltd

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

2025

2024 | Other related parties £
Receipt of services | 2,899

Loans from related parties

2025 | Other related parties £ | Total £
At start of period | 704,440 | 704,440
Advanced | 70,906 | 70,906
At end of period | 775,346 | 775,346

2024 | Other related parties £ | Total £
At start of period | 699,843 | 699,843
Advanced | 4,597 | 4,597
At end of period | 704,440 | 704,440

Terms of loans from related parties

The amounts owed to the shareholders are unsecured interest free and repayable in more than one year.