Scott Self Storage (Cumbria) Limited 01809998 false 2024-10-01 2025-09-30 2025-09-30 The principal activity of the company is self storage services, commercial property rental and the sale of leather Digita Accounts Production Advanced 6.30.9574.0 true true true 01809998 2024-10-01 2025-09-30 01809998 2025-09-30 01809998 bus:CompanySecretaryDirector1 1 2025-09-30 01809998 bus:Director1 1 2025-09-30 01809998 bus:Director3 1 2025-09-30 01809998 bus:Director4 1 2025-09-30 01809998 core:OtherReservesSubtotal 2025-09-30 01809998 core:RetainedEarningsAccumulatedLosses 2025-09-30 01809998 core:RevaluationReserve 2025-09-30 01809998 core:ShareCapital 2025-09-30 01809998 core:SharePremium 2025-09-30 01809998 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2025-09-30 01809998 core:CurrentFinancialInstruments 2025-09-30 01809998 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 01809998 core:FurnitureFittingsToolsEquipment 2025-09-30 01809998 core:LandBuildings 2025-09-30 01809998 core:MotorVehicles 2025-09-30 01809998 core:OtherPropertyPlantEquipment 2025-09-30 01809998 bus:SmallEntities 2024-10-01 2025-09-30 01809998 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 01809998 bus:FilletedAccounts 2024-10-01 2025-09-30 01809998 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 01809998 bus:RegisteredOffice 2024-10-01 2025-09-30 01809998 bus:CompanySecretaryDirector1 2024-10-01 2025-09-30 01809998 bus:CompanySecretaryDirector1 1 2024-10-01 2025-09-30 01809998 bus:Director1 2024-10-01 2025-09-30 01809998 bus:Director1 1 2024-10-01 2025-09-30 01809998 bus:Director3 2024-10-01 2025-09-30 01809998 bus:Director3 1 2024-10-01 2025-09-30 01809998 bus:Director4 2024-10-01 2025-09-30 01809998 bus:Director4 1 2024-10-01 2025-09-30 01809998 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 01809998 bus:Agent1 2024-10-01 2025-09-30 01809998 core:RevaluationReserve 2024-10-01 2025-09-30 01809998 core:Buildings 2024-10-01 2025-09-30 01809998 core:FurnitureFittingsToolsEquipment 2024-10-01 2025-09-30 01809998 core:LandBuildings 2024-10-01 2025-09-30 01809998 core:MotorVehicles 2024-10-01 2025-09-30 01809998 core:OfficeEquipment 2024-10-01 2025-09-30 01809998 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 01809998 core:PlantMachinery 2024-10-01 2025-09-30 01809998 1 2024-10-01 2025-09-30 01809998 countries:EnglandWales 2024-10-01 2025-09-30 01809998 2024-09-30 01809998 bus:CompanySecretaryDirector1 1 2024-09-30 01809998 bus:Director1 1 2024-09-30 01809998 bus:Director3 1 2024-09-30 01809998 bus:Director4 1 2024-09-30 01809998 core:FurnitureFittingsToolsEquipment 2024-09-30 01809998 core:LandBuildings 2024-09-30 01809998 core:MotorVehicles 2024-09-30 01809998 core:OtherPropertyPlantEquipment 2024-09-30 01809998 2023-10-01 2024-09-30 01809998 2024-09-30 01809998 core:OtherReservesSubtotal 2024-09-30 01809998 core:RetainedEarningsAccumulatedLosses 2024-09-30 01809998 core:RevaluationReserve 2024-09-30 01809998 core:ShareCapital 2024-09-30 01809998 core:SharePremium 2024-09-30 01809998 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-09-30 01809998 core:CurrentFinancialInstruments 2024-09-30 01809998 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01809998 core:FurnitureFittingsToolsEquipment 2024-09-30 01809998 core:LandBuildings 2024-09-30 01809998 core:MotorVehicles 2024-09-30 01809998 core:OtherPropertyPlantEquipment 2024-09-30 iso4217:GBP xbrli:pure

Registration number: 01809998

Scott Self Storage (Cumbria) Limited
Unaudited Financial Statements
30 September 2025

Scott Self Storage (Cumbria) Limited

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Scott Self Storage (Cumbria) Limited
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Scott Self Storage (Cumbria) Limited for the year ended 30 September 2025 as set out on pages 2 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Scott Self Storage (Cumbria) Limited, as a body, in accordance with the terms of our engagement letter dated 27 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Scott Self Storage (Cumbria) Limited and state those matters that we have agreed to state to the Board of Directors of Scott Self Storage (Cumbria) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scott Self Storage (Cumbria) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Scott Self Storage (Cumbria) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Scott Self Storage (Cumbria) Limited. You consider that Scott Self Storage (Cumbria) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Scott Self Storage (Cumbria) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

13 April 2026

Scott Self Storage (Cumbria) Limited

(Registration number: 01809998)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,757,807 | 596,899
Investment property | 5 | 332,916 | -
Other financial assets | 6 | 135,520 | 107,674
|  | 2,226,243 | 704,573
Current assets |  |  |
Stocks |  | 17,904 | 15,853
Debtors | 7 | 144,347 | 64,841
Cash at bank and in hand |  | 316,852 | 724,686
|  | 479,103 | 805,380
Creditors: Amounts falling due within one year | 8 | (215,122) | (172,870)
Net current assets |  | 263,981 | 632,510
Total assets less current liabilities |  | 2,490,224 | 1,337,083
Provisions for liabilities |  | (188,205) | (41,897)
Net assets |  | 2,302,019 | 1,295,186
Capital and reserves |  |  |
Allotted, called up and fully paid share capital |  | 60,789 | 61,789
Share premium reserve |  | 5,811 | 5,811
Revaluation reserve |  | 1,000,348 | -
Other reserves |  | 27,753 | 27,753
Profit and loss account |  | 1,207,318 | 1,199,833
Total equity |  | 2,302,019 | 1,295,186

Scott Self Storage (Cumbria) Limited

(Registration number: 01809998)
Balance Sheet as at 30 September 2025 (continued)

For the financial year ending 30 September 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 13 April 2026 and signed on its behalf by:

.........................................

S M E Scott

Director

Scott Self Storage (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

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

The address of its registered office is:
Escott Business Park
Rome Street
Carlisle
CA2 5LE
United Kingdom

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 sale of goods and 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Scott Self Storage (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Land and buildings are stated in the balance sheet at valuation.
Other 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
Freehold land and buildings | 2% straight line basis
Leasehold land and buildings | Over the remaining length of the lease
Plant and equipment | 10% straight line basis
Motor vehicles | 20% straight line basis
Furniture, fittings and office equipment | 20% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors 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.

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 the sale of goods 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.

Scott Self Storage (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 where due after more than one year.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Scott Self Storage (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

Financial instruments

Classification
Equity shares and debt securities
Recognition and measurement
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Impairment
For instruments measured at cost less impairment the impairment is the difference between the assets' carrying amount and the best estimate the entity would receive for the asset if it were sold at the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

4 | Tangible assets

| Land and buildings £ | Plant and equipment £ | Motor vehicles £ | Furniture, fittings and office equipment £ | Total £
Cost or valuation
At 1 October 2024 | 858,336 | 169,796 | 19,396 | 41,153 | 1,088,681
Revaluations | 841,664 | - | - | - | 841,664
Additions | 16,350 | - | 20,167 | 1,640 | 38,157
Disposals | - | - | (10,230) | - | (10,230)
At 30 September 2025 | 1,716,350 | 169,796 | 29,333 | 42,793 | 1,958,272
Depreciation
At 1 October 2024 | 292,054 | 140,532 | 19,396 | 39,800 | 491,782
Charge for the year | 13,837 | 7,728 | 2,185 | 959 | 24,709
Eliminated on disposal | - | - | (10,230) | - | (10,230)
Revaluations | (305,796) | - | - | - | (305,796)
At 30 September 2025 | 95 | 148,260 | 11,351 | 40,759 | 200,465
Carrying amount
At 30 September 2025 | 1,716,255 | 21,536 | 17,982 | 2,034 | 1,757,807
At 30 September 2024 | 566,282 | 29,264 | - | 1,353 | 596,899

Scott Self Storage (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

Revaluation

The fair value of the company's Land and buildings was revalued on 15 October 2025 by an independent valuer. The name and qualification of the independent valuer are Reid Taylor Limited Chartered Surveyors.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £568,795 (2024 - £566,282).

5 | Investment properties

| £
Additions | 332,916
At 30 September 2025 | 332,916

There has been no valuation of investment property by an independent valuer. The directors are of the opinion that cost is still a reasonable estimate of the fair value of the properties.

6 | Other financial assets (current and non-current)

| 2025 £ | 2024 £
Non-current financial assets
Financial assets at fair value through profit and loss | 135,520 | 107,674

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 October 2024 | 107,674 | 107,674
Additions | 22,104 | 22,104
Fair value adjustments | 5,742 | 5,742
At 30 September 2025 | 135,520 | 135,520
Impairment
Carrying amount
At 30 September 2025 | 135,520 | 135,520

Scott Self Storage (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 33,770 | 26,599
Other debtors | 110,577 | 38,242
| 144,347 | 64,841

8 | Creditors

|  | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 23,656 | 5,132
Taxation and social security |  | 22,857 | 28,525
Corporation tax liability |  | 48,763 | 40,623
Other creditors |  | 119,846 | 98,590
|  | 215,122 | 172,870

9 | Reserves

Movements in the revaluation reserve for the current year are as follows:

| Revaluation reserve £
Property revaluation | 1,147,460
Property deferred tax | (147,112)
Carried forward | 1,000,348

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £319,729 (2024 - £330,606), £314,647 of which relates relates to a commitment under a 99 year property lease (2024 - £319,980)

Scott Self Storage (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

11 | Related party transactions

Transactions with directors

2025 | At 1 October 2024 £ | Advances £ | Repayments £ | Other payments £ | Dividends credited £ | Interest £ | At 30 September 2025 £
S M E Scott
Loan to director | - | 21,586 | - | - | - | 198 | 21,784
J M Scott
Loan to director | - | 14,327 | - | - | - | 132 | 14,459
J M Scott-Lamont
Loan to director | - | 2,785 | - | - | - | - | 2,785
N A Scott-Lamont
Loan to director | - | 35,673 | - | - | - | 444 | 36,117

Directors' advances are repayable on demand.
Interest has been charged at a rate of 3.75% on advances to directors.

12 | Parent and ultimate parent undertaking

The company's immediate parent is Scott Self Storage Limited, incorporated in England and Wales.