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Company No: SC316413 (Scotland)

# AC&H 231 LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

AC&H 231 LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

AC&H 231 LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
AC&H 231 LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

DIRECTORS | D G Burt
| H M B Caseley
| P M Pearce

REGISTERED OFFICE | First Floor
| 29 Bothwell Road
| Hamilton
| ML3 0AS
| United Kingdom

COMPANY NUMBER | SC316413 (Scotland)

ACCOUNTANT | S&W Partners LLP
| Stonecross
| Trumpington High Street
| Cambridge
| CB2 9SU

AC&H 231 LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 June 2025
AC&H 231 LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
|  |  |  | Restated - note 2
Current assets |  |  |  |
Debtors | 4 | 3,570,966 |  | 4,167,665
Cash at bank and in hand |  | 2,704 |  | 868
|  | 3,573,670 |  | 4,168,533
Creditors: amounts falling due within one year | 5 | ( 1,885,117) |  | ( 1,462,889)
Net current assets |  | 1,688,553 |  | 2,705,644
Total assets less current liabilities |  | 1,688,553 |  | 2,705,644
Provision for liabilities | 6 | ( 955,218) |  | ( 955,218)
Net assets |  | 733,335 |  | 1,750,426
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | 733,334 |  | 1,750,425
Total shareholder's funds |  | 733,335 |  | 1,750,426

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has 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 Profit and Loss Account has not been delivered.

The financial statements of AC&H 231 Limited (registered number: SC316413) were approved and authorised for issue by the Board of Directors on 18 June 2026. They were signed on its behalf by:

H M B Caseley Director |

AC&H 231 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
AC&H 231 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

AC&H 231 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 First Floor, 29 Bothwell Road, Hamilton, ML3 0AS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of AC&H 231 Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.
Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

##### 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 Statement of Financial Position 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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Profit on long-term contracts is recognised as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the
proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses.
Turnover is calculated as the proportion of total contract value accrued to date, usually based upon the proportion of contract costs incurred to the balance sheet date compared to total expected costs.
Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first
foreseen.
Contract work in progress is stated at costs incurred, less those transferred to the profit and loss account, after deducting foreseeable losses and payments on account not matched with turnover.
Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments on account. Excess payments on account are included in creditors.
In accordance with guidance, pre-contract costs, significant costs incurred in initial processes and before a contract is secured where recoverability is uncertain, are written off to profit and loss
account as incurred.
Short term work in progress is valued at the lower of cost and net realisable value after making due allowance for amounts not recoverable. Costs include all direct costs incurred in development
projects.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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 Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Prior year adjustment

The comparatives have been restated to reflect an adjustment relating to an intercompany balance that had been written off in the year ended 30 June 2022 but had not been recorded in the Company’s accounting records.
This adjustment corrects the omission of the write‑off and results in a reduction in creditors of £782,304 and an increase in debtors of £2,033, with a corresponding increase to the brought forward profit and loss reserve of £784,337.
These adjustments have no impact on the current year’s profit.

The comparatives have been restated to reflect an adjustment relating to the classification of certain balances previously included within accruals. These balances relate to potential costs arising from a legal dispute and, on further review, were determined to meet the definition of a provision rather than an accrual.
This adjustment results in a decrease in accruals and a corresponding increase in other provisions of £955,218. There is no impact on the brought forward profit and loss reserve.
These adjustments have no impact on the current year’s profit.

|  | As previously reported |  | Adjustment |  | As restated
Year ended 30 June 2024 |  | £ |  | £ |  | £
Debtors |  | 4,165,632 |  | 2,033 |  | 4,167,665
Creditors |  | 3,200,411 |  | (1,737,522) |  | 1,462,889
Other Provisions |  | 0 |  | 955,218 |  | 955,218
Profit and loss account |  | 966,088 |  | 784,337 |  | 1,750,425

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by Parent undertakings | 3,263 |  | 2,033
Amounts owed by related parties | 3,567,701 |  | 500,667
VAT recoverable | 0 |  | 125
Other debtors | 2 |  | 3,664,840
| 3,570,966 |  | 4,167,665

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

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 6,500 |  | 0
Accruals | 762,115 |  | 1,044,778
Corporation tax | 420,763 |  | 418,111
Other taxation and social security | 695,739 |  | 0
| 1,885,117 |  | 1,462,889

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Other provisions | 955,218 |  | 955,218

#### 7. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed from related parties | 3,567,701 |  | 500,667

Within debtors are amounts owed to related undertakings, being joint controlling parties. These balances are unsecured, interest free and repayable on demand.

The Company has taken advantage of the exemption available under FRS 102 Section 33 ‘Related Party Disclosures’ and has therefore not disclosed transactions or balances with other entities that are wholly owned within the same group.

#### 8. Ultimate controlling party

Parent Company:

AC&H 181 Limited
First Floor, 29 Bothwell Road, Hamilton, South Lanarkshire, ML3 0AS

The company’s immediate parent undertaking is AC&H181 Limited, a company incorporated in England and Wales. The directors consider that there is no ultimate controlling party.