SCOTT HATS LIMITED

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 16049480

		31 December 2025
	Notes	£	£
FIXED ASSETS
Investments	4		1,100

			1,100
CURRENT ASSETS
Debtors	5	433,188

		433,188
Creditors: Amounts Falling Due Within One Year	6	(152,822 )

NET CURRENT ASSETS (LIABILITIES)			280,366

TOTAL ASSETS LESS CURRENT LIABILITIES			281,466

NET ASSETS			281,466

CAPITAL AND RESERVES
Called up share capital	7		1,000
Profit and Loss Account			280,466

SHAREHOLDERS' FUNDS			281,466

For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Alice Nani Scott Director	David Scott Director
9 July 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

SCOTT HATS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 16049480 . The registered office is 5 Red House Lane, Bristol, BS9 3RY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2

4. Investments

	Subsidiaries
	£
Cost
As at 29 October 2024	-
Additions	1,100

As at 31 December 2025	1,100

Provision
As at 29 October 2024	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1,100

As at 29 October 2024	-

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

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SCOTT HATS LIMITED

Notes to the Financial Statements (continued)

For the Period 29 October 2024 to 31 December 2025

Subsidiary	Registered office	Holding	Proportion of voting rights and shares held
			2025
WeTrade Limited	5 Red House Lane Bristol England BS9 3RY	Ordinary	100%
Borges & Scott Limited	Office 4 Sunningend Business Centre 22 Lansdown Industrial Estate Cheltenham Gloucestershire United Kingdom GL51 8PL	Ordinary	100%

5. Debtors

	31 December 2025
	£
Due within one year
Amounts owed by group undertakings	310,000
Due after more than one year
Other debtors	123,188

	433,188

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
Amounts owed to group undertakings	100
Other creditors	150,900
Taxation and social security	1,822

	152,822

7. Share Capital

	31 December 2025
	£
Allotted, Called up and fully paid	1,000

8. Related Party Transactions

WeTrade Limited

At 31 December 2025, the company was owed £310,000 from WeTrade Limited. The company is WeTrade Limited's immediate parent. Mr D Scott, director of the company, is also director of WeTrade Limited.

Borges & Scott Limited

At 31 December 2025, the company owed £100 to Borges & Scott Limited. The company is Borges & Scott Limited's immediate parent. Borges & Scott Limited and the company are companies under common control of the directors Mr D Scott and Mrs A Scott.

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