Company registration number 10250321 (England and Wales)
SCIMITAR HOUSE (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SCIMITAR HOUSE (HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SCIMITAR HOUSE (HOLDINGS) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
3,648,024
3,515,796
Investments
4
1,460,349
1,460,349
5,108,373
4,976,145
Current assets
Stocks
11,057,739
11,057,739
Debtors
5
3,885,652
3,663,790
Investments
6
942,313
889,994
Cash at bank and in hand
255,023
203,216
16,140,727
15,814,739
Creditors: amounts falling due within one year
7
(5,360,636)
(4,999,188)
Net current assets
10,780,091
10,815,551
Total assets less current liabilities
15,888,464
15,791,696
Creditors: amounts falling due after more than one year
8
(7,850,000)
(7,850,000)
Provisions for liabilities
(316,562)
(310,646)
Net assets
7,721,902
7,631,050
Capital and reserves
Called up share capital
10
590
590
Profit and loss reserves
7,721,312
7,630,460
Total equity
7,721,902
7,631,050
SCIMITAR HOUSE (HOLDINGS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 April 2026 and are signed on its behalf by:
Michael Docker
Director
Company registration number 10250321 (England and Wales)
SCIMITAR HOUSE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Scimitar House (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Fixed asset investments

Interests in subsidiaries are measured at cost less any accumulated impairment losses.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stock consists of unsold properties held for development as at the balance sheet date.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction. Financial assets classified as receivable within one year are not amortised.

SCIMITAR HOUSE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, and loans from fellow group companies are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 April 2024
3,515,796
Additions
132,228
At 31 March 2025
3,648,024

In the opinion of the directors, the fair value of the investment property is not materially different to the carrying value in the accounts as at the balance sheet date.

SCIMITAR HOUSE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,460,349
1,460,349
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
12,129
85,244
Corporation tax recoverable
1,583
-
0
Other debtors
3,871,940
3,578,546
3,885,652
3,663,790
6
Current asset investments
2025
2024
£
£
Listed investments
942,313
889,994

The current asset investments are measured at fair value.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,187
21,249
Amounts owed to group undertakings
4,956,773
4,632,498
Corporation tax
-
0
55,990
Other creditors
397,676
289,451
5,360,636
4,999,188
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
7,850,000
7,850,000

The bank loan is secured.

SCIMITAR HOUSE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Fair value adjustments
316,562
310,646
2025
Movements in the year:
£
Liability at 1 April 2024
310,646
Charge to profit or loss
5,916
Liability at 31 March 2025
316,562
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
590
590
590
590
11
Related party transactions

Included within debtors is £1,768,267 (202 4: £2,029,031) owed by a limited liability partnership in which Michael and Michele Docker are members.

Included within debtors is £1,022,3 49 (202 4: £1,024,832) owed by companies in which Michael Docker is a director.

Included within creditors is £182,400 (202 4: £91,416) due to companies in which Michael Docker is a director.

Included within creditors is £293 (202 4: £293) due to a limited liability partnership in which Michael and Michele Docker are members.

Included within creditors is a balance of £9 3,069 (202 4: £9 1,269) due to the director s of the company.

During the period £11,022 (202 4: £44,410) was charged by a company in which Mr and Mrs Docker are directors, in respect of letting and management fees in the normal course of their trade.

During the period £80,000 (202 4: £80,000) was charged by a company in which Mr Docker is a director, in respect of management services.

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