REGISTERED NUMBER: SC594289 (Scotland)

Vincent Throp Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V J Throp

A J Howie

N Crozier

REGISTERED OFFICE:

Antonine House

Callendar Boulevard

Callendar Business Park

Falkirk

Stirlingshire

FK1 1XR

REGISTERED NUMBER:

SC594289 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

HSBC

76 Hanover Street

Edinburgh

EH2 1EL

FIXED ASSETS

Intangible assets

4

84,000

126,000

Tangible assets

5

1,955

3,088

85,955

129,088

CURRENT ASSETS

Debtors

6

251

218

Cash at bank

166,134

93,009

166,385

93,227

CREDITORS

Amounts falling due within one year

7

116,249

74,475

NET CURRENT ASSETS

50,136

18,752

TOTAL ASSETS LESS CURRENT LIABILITIES

136,091

147,840

PROVISIONS FOR LIABILITIES

490

78

NET ASSETS

135,601

147,762

CAPITAL AND RESERVES

Called up share capital

1,002

1,003

Retained earnings

134,599

146,759

SHAREHOLDERS' FUNDS

135,601

147,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 30 June 2026 and were signed on its behalf by:

V J Throp - Director

1.	STATUTORY INFORMATION

Vincent Throp Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition

Turnover is from financial service advisory work and commissions earned, is not vatable and is recognised at the point of conclusion of the advisory work.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on cost and 5% on cost

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

420,000

AMORTISATION

At 1 April 2025

294,000

Charge for year

42,000

At 31 March 2026

336,000

NET BOOK VALUE

At 31 March 2026

84,000

At 31 March 2025

126,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

11,895

Additions

1,798

Disposals

(2,808

)

At 31 March 2026

10,885

DEPRECIATION

At 1 April 2025

8,807

Charge for year

955

Eliminated on disposal

(832

)

At 31 March 2026

8,930

NET BOOK VALUE

At 31 March 2026

1,955

At 31 March 2025

3,088

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

251

218

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,192

1,066

Taxation and social security

78,698

57,335

Other creditors

36,359

16,074

116,249

74,475

Included within other creditors is a loan from the directors, which is unsecured, interest free and repayable on demand.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

8,666

-

Between one and five years

12,627

-

21,293

-