Company Registration No. 12087824 (England and Wales)
SCORPIO VENTURES LIMITED
Unaudited accounts
for the year ended 31 July 2025
SCORPIO VENTURES LIMITED
Unaudited accounts
Contents
SCORPIO VENTURES LIMITED
Company Information
for the year ended 31 July 2025
Director
Maheen Tariq Khan
Company Number
12087824 (England and Wales)
Registered Office
49 GREEK STREET
GREEK STREET
LONDON
W1D 4EG
ENGLAND
Accountants
CapShire UK LLP
4th Floor 86-90 Paul Street
London
EC2A 4NE
SCORPIO VENTURES LIMITED
Statement of financial position
as at 31 July 2025
Intangible assets
635,496
625,317
Cash at bank and in hand
94
206
Creditors: amounts falling due within one year
(77,578)
(74,681)
Net current liabilities
(69,595)
(72,392)
Total assets less current liabilities
565,901
552,925
Creditors: amounts falling due after more than one year
(1,110,054)
(942,962)
Net liabilities
(544,153)
(390,037)
Called up share capital
107
105
Profit and loss account
(544,260)
(390,142)
Shareholders' funds
(544,153)
(390,037)
For the year ending 31 July 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2026 and were signed on its behalf by
Maheen Tariq Khan
Director
Company Registration No. 12087824
SCORPIO VENTURES LIMITED
Notes to the Accounts
for the year ended 31 July 2025
SCORPIO VENTURES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12087824. The registered office is 49 GREEK STREET, GREEK STREET, LONDON, W1D 4EG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets are included at cost less accumulated amortisation.
Intangible assets relate to development costs capitalised.
Development costs that are directly attributable to the design and testing of identifiable and unique products controlled by the Company are recognised as intangible assets.
Other development expenditure that do not meet these criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in subsequent periods.
Amortisation is charged on a straight-line basis over the estimated useful economic life of each asset.
Amortisation commences when the asset is available for use.
The estimated useful life and amortisation method are reviewed annually.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
SCORPIO VENTURES LIMITED
Notes to the Accounts
for the year ended 31 July 2025
4
Intangible fixed assets
Other
Charge for the year
10,610
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
72,052
56,037
Taxes and social security
-
154
Other creditors
5,526
18,490
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
174,467
90,093
Loans from directors
935,587
852,869
SCORPIO VENTURES LIMITED
Notes to the Accounts
for the year ended 31 July 2025
Allotted, called up and fully paid:
10,740 Ordinary shares of £0.01 each
107.40
105.26
Shares issued during the period:
214 Ordinary shares of £0.01 each
2.14
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).