Silverfin false false 31/08/2025 01/09/2024 31/08/2025 Jane Scott Mudd 12/08/2008 Paul Adam Mudd 14/08/2008 01 April 2026 The principal activity of the Company during the financial year was that of management consultancy for the purpose of working across Scotland's public services, to provide expertise and support to organisations, partnerships, teams and individuals in designing and implementing robust, timely and cost effective organisational and leadership development solutions to improve capacity, capability and performance. SC346946 2025-08-31 SC346946 bus:Director1 2025-08-31 SC346946 bus:Director2 2025-08-31 SC346946 2024-08-31 SC346946 core:CurrentFinancialInstruments 2025-08-31 SC346946 core:CurrentFinancialInstruments 2024-08-31 SC346946 core:ShareCapital 2025-08-31 SC346946 core:ShareCapital 2024-08-31 SC346946 core:RetainedEarningsAccumulatedLosses 2025-08-31 SC346946 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC346946 core:OtherPropertyPlantEquipment 2024-08-31 SC346946 core:OtherPropertyPlantEquipment 2025-08-31 SC346946 2023-08-31 SC346946 bus:OrdinaryShareClass1 2025-08-31 SC346946 2024-09-01 2025-08-31 SC346946 bus:FilletedAccounts 2024-09-01 2025-08-31 SC346946 bus:SmallEntities 2024-09-01 2025-08-31 SC346946 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 SC346946 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC346946 bus:Director1 2024-09-01 2025-08-31 SC346946 bus:Director2 2024-09-01 2025-08-31 SC346946 core:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 SC346946 2023-09-01 2024-08-31 SC346946 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 SC346946 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC346946 (Scotland)

# THE MUDD PARTNERSHIP LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH THE REGISTRAR

THE MUDD PARTNERSHIP LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

Contents

THE MUDD PARTNERSHIP LIMITED

## BALANCE SHEET

AS AT 31 AUGUST 2025
THE MUDD PARTNERSHIP LIMITED

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,127 |  | 1,537
|  | 2,127 |  | 1,537
Current assets |  |  |  |
Debtors | 4 | 17,540 |  | 32,531
Cash at bank and in hand | 5 | 88,080 |  | 141,984
|  | 105,620 |  | 174,515
Creditors: amounts falling due within one year | 6 | ( 52,577) |  | ( 90,159)
Net current assets |  | 53,043 |  | 84,356
Total assets less current liabilities |  | 55,170 |  | 85,893
Provision for liabilities | 7, 8 | ( 532) |  | ( 385)
Net assets |  | 54,638 |  | 85,508
Capital and reserves |  |  |  |
Called-up share capital | 9 | 100 |  | 100
Profit and loss account |  | 54,538 |  | 85,408
Total shareholders' funds |  | 54,638 |  | 85,508

For the financial year ending 31 August 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Mudd Partnership Limited (registered number: SC346946) were approved and authorised for issue by the Board of Directors on 01 April 2026. They were signed on its behalf by:

Paul Adam Mudd Director |

THE MUDD PARTNERSHIP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025
THE MUDD PARTNERSHIP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

The Mudd Partnership Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is King James Vi Business Centre Riverview Business Park, Friarton Road, Perth, PH2 8DY, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Revenue is recognised when the company has entitlement to the income in exchange for the provision of services.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 September 2024 | 6,782 |  | 6,782
Additions | 1,291 |  | 1,291
At 31 August 2025 | 8,073 |  | 8,073
Accumulated depreciation |  |  |
At 01 September 2024 | 5,245 |  | 5,245
Charge for the financial year | 701 |  | 701
At 31 August 2025 | 5,946 |  | 5,946
Net book value |  |  |
At 31 August 2025 | 2,127 |  | 2,127
At 31 August 2024 | 1,537 |  | 1,537

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 16,887 |  | 30,847
Other debtors | 653 |  | 1,684
| 17,540 |  | 32,531

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 88,080 |  | 141,984

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 1,682 |  | 9,004
Corporation tax | 6,059 |  | 21,829
Other taxation and social security | 2,637 |  | 12,525
Other creditors | 42,199 |  | 46,801
| 52,577 |  | 90,159

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 532 |  | 385

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 385) |  | ( 574)
(Charged)/credited to the Statement of Income and Retained Earnings | ( 147) |  | 189
At the end of financial year | ( 532) |  | ( 385)

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 10. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 3,179 |  | 3,179

#### 11. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts due to directors | 38,290 |  | 43,019

The above loan is unsecured, interest free and has no fixed terms of repayment.