REGISTERED NUMBER: 11378491 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

SCALISCRO ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Clarke

R A Kimber-Danger

REGISTERED OFFICE:

Ground Floor Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

11378491 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

18,750,604

11,401,745

CURRENT ASSETS

Stocks

5,900

7,400

Debtors

5

279,589

488,710

Cash at bank and in hand

260,955

109,951

546,444

606,061

CREDITORS

Amounts falling due within one year

6

1,234,380

733,985

NET CURRENT LIABILITIES

(687,936

)

(127,924

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,062,668

11,273,821

CREDITORS

Amounts falling due after more than one year

7

11,003,726

12,788,050

NET ASSETS/(LIABILITIES)

7,058,942

(1,514,229

)

CAPITAL AND RESERVES

Called up share capital

9

95,213

2

Share premium

9,426,001

-

Retained earnings

(2,462,272

)

(1,514,231

)

SHAREHOLDERS' FUNDS

7,058,942

(1,514,229

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th April 2026 and were signed on its behalf by:

R A Kimber-Danger - Director

1.	STATUTORY INFORMATION

Scaliscro Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised over the period to which it relates.

Income from carbon offset projects is recognised when the conditions have been met to allow carbon offsetting to commence.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Assets in the course of construction - nil

Land and buildings - nil and 2% on cost

Plant and machinery etc - 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st May 2024

11,393,269

364,230

11,757,499

Additions

6,718,959

913,219

7,632,178

At 30th April 2025

18,112,228

1,277,449

19,389,677

DEPRECIATION

At 1st May 2024

92,321

263,433

355,754

Charge for year

16,055

267,264

283,319

At 30th April 2025

108,376

530,697

639,073

NET BOOK VALUE

At 30th April 2025

18,003,852

746,752

18,750,604

At 30th April 2024

11,300,948

100,797

11,401,745

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,811

6,567

Other debtors

275,778

482,143

279,589

488,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,148,783

726,264

Taxation and social security

1,485

1,638

Other creditors

84,112

6,083

1,234,380

733,985

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

11,003,726

12,788,050

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other creditors

6,406,769

12,788,049

The long term loan provided by Razzmatazz Estates Limited/Nick Clarke is secured against the property owned by Scaliscro Estates Limited.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

95,213

Ordinary

1

95,213

2

During the year, 95,211 Ordinary shares of £1 each were allotted and fully paid and a premium of £99 per share. The shares rank pari passu with the other shares already in issue.

10.	RELATED PARTY DISCLOSURES

The ultimate controlling party is Mr N Clarke, a director of the company, by virtue of his shareholding.

All transactions with related parties are made at normal market prices. Except for the transactions listed below, there have been no transactions with related parties who are not members of the group during the year ended 30 April 2025.

The company incurred expenses totalling £59,378 (2024: £94,614) on behalf of the director Mr N Clarke. During the year 91,111ordinary shares of £1 were issued to Mr Clarke at a premium of £9,020,100.90, with consideration for the shares satisfied by way of cancellation cf outstanding loan notes equal to the balance due at 30th September 2024. Funds were introduced during the year totalling £15,655,139 with the company owing Mr Clarke £6,484,549 (2024: £nil) at the year end.

The company entered into transactions totalling £6,889,049 (2024: £3,628,871) with Curzon International Investments Ltd, which is under the control of Mr N Clarke, a director of the company, owing £nil (2024: £6,889,049) at the year end.

The company entered into transactions totalling £223,000 (2024: £250,000) with Curzon Aviation Ltd, which is under the control of Mr N Clarke, a director of the company, owing £367,667 (2024: £250,000) at the year end.