Company registration number 16492966 (England and Wales)
NICSCOTT PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
NICSCOTT PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
NICSCOTT PROPERTIES LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
Notes
£
£
Fixed assets
Investment property
4
272,600
Current assets
Cash at bank and in hand
1,792
Creditors: amounts falling due within one year
5
(138,061)
Net current liabilities
(136,269)
Total assets less current liabilities
136,331
Creditors: amounts falling due after more than one year
6
(146,932)
Net liabilities
(10,601)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(10,701)
Total equity
(10,601)

For the financial period ended 28 February 2026 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 period 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 29 June 2026 and are signed on its behalf by:
Mr D R Hutchins
Director
Company registration number 16492966 (England and Wales)
NICSCOTT PROPERTIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 FEBRUARY 2026
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Period ended 28 February 2026:
Loss and total comprehensive income
-
(10,701)
(10,701)
Issue of share capital
100
-
100
Balance at 28 February 2026
100
(10,701)
(10,601)
NICSCOTT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2026
- 3 -
1
Accounting policies
Company information

Nicscott Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 33 The Clarendon Centre, Salisbury Business Park, Dairy Meadow Lane, Salisbury, Wiltshire, SP1 2TJ.

1.1
Reporting period

The company was incorporated on 3 June 2025 with an accounting reference date of 28 February 2026 to align with other related companies, the results are therefore for less than a full year. As this is the first year following incorporation there are no comparatives.

1.2
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Revenue comprises rental income derived from the lease of an investment property.

1.5
Investment property

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.

1.6
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 current liabilities.

1.7
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.

NICSCOTT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 4 -
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.

Classification of financial liabilities

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.

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 paymen ts 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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2026
Number
Total
2
NICSCOTT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2026
- 5 -
4
Investment property
2026
£
Fair value
At 3 June 2025
-
0
Additions
272,600
At 28 February 2026
272,600

Investment property comprises 1 New Mills, Post Office Road, Hungerford, Berkshire, RG17 9PU. The property was valued on 26 June 2025 by VAS Valuation Group, who are not connected with the company to confirm the purchase price of the property. The valuation conformed to international valuation standards and was based on recent market transactions on arm’s length terms for similar properties. At 28 February 2026, the property valuation has been considered to be unchanged and remain at Fair Value by the directors. In determining fair value, the directors have had regard to the prior professional valuation, current market conditions, and observable market evidence for comparable properties. No independent external valuation was obtained at the year end.

5
Creditors: amounts falling due within one year
2026
£
Bank loans
6,500
Other creditors
131,561
138,061
6
Creditors: amounts falling due after more than one year
2026
£
Bank loans and overdrafts
146,932
7
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

During the period, Nicscott Properties Limited received £7,900 in respect of rental of a property to Berkshire Plant Hire Limited, a related company. As at 28 February 2026, Nicscott Properties Limited owed £130,080 to E J C Groundworks Limited, its' parent company. All transactions were conducted under normal market conditions and at arms length.

8
Parent company

The parent company of Nicscott Properties Limited is E J C Groundworks Limited and it's registered office is 33 The Clarendon Centre, Salisbury Business Park, Dairy Meadow Lance, Salisbury, Wiltshire, SP1 2TJ.

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