Silverfin false 31/12/2021 31/12/2021 01/07/2020 Thomas B O'Callaghan 25/04/2015 Sarah H O'Callaghan 25/04/2015 Steven J O'Callaghan 25/04/2015 20 May 2022 The principal activity of the company is that of commercial office space design consultancy and project management. 09560171 2021-12-31 09560171 bus:Director1 2021-12-31 09560171 bus:Director2 2021-12-31 09560171 bus:Director3 2021-12-31 09560171 2020-06-30 09560171 core:CurrentFinancialInstruments 2021-12-31 09560171 core:CurrentFinancialInstruments 2020-06-30 09560171 core:ShareCapital 2021-12-31 09560171 core:ShareCapital 2020-06-30 09560171 core:RetainedEarningsAccumulatedLosses 2021-12-31 09560171 core:RetainedEarningsAccumulatedLosses 2020-06-30 09560171 core:LandBuildings 2020-06-30 09560171 core:FurnitureFittings 2020-06-30 09560171 core:OfficeEquipment 2020-06-30 09560171 core:LandBuildings 2021-12-31 09560171 core:FurnitureFittings 2021-12-31 09560171 core:OfficeEquipment 2021-12-31 09560171 core:RemainingRelatedParties core:CurrentFinancialInstruments 2021-12-31 09560171 core:RemainingRelatedParties core:CurrentFinancialInstruments 2020-06-30 09560171 2020-07-01 2021-12-31 09560171 bus:FullAccounts 2020-07-01 2021-12-31 09560171 bus:SmallEntities 2020-07-01 2021-12-31 09560171 bus:AuditExemptWithAccountantsReport 2020-07-01 2021-12-31 09560171 bus:PrivateLimitedCompanyLtd 2020-07-01 2021-12-31 09560171 bus:Director1 2020-07-01 2021-12-31 09560171 bus:Director2 2020-07-01 2021-12-31 09560171 bus:Director3 2020-07-01 2021-12-31 09560171 core:LandBuildings 2020-07-01 2021-12-31 09560171 core:FurnitureFittings 2020-07-01 2021-12-31 09560171 core:OfficeEquipment core:TopRangeValue 2020-07-01 2021-12-31 09560171 2019-07-01 2020-06-30 09560171 core:OfficeEquipment 2020-07-01 2021-12-31 iso4217:GBP xbrli:pure

Company No: 09560171 (England and Wales)

SCAPE CONSTRUCT LIMITED

Unaudited Financial Statements
For the financial period from 01 July 2020 to 31 December 2021
Pages for filing with the registrar

SCAPE CONSTRUCT LIMITED

Unaudited Financial Statements

For the financial period from 01 July 2020 to 31 December 2021

Contents

SCAPE CONSTRUCT LIMITED

BALANCE SHEET

As at 31 December 2021
SCAPE CONSTRUCT LIMITED

BALANCE SHEET (continued)

As at 31 December 2021
Note 31.12.2021 30.06.2020
£ £
Fixed assets
Tangible assets 3 35,895 45,495
35,895 45,495
Current assets
Stocks 4 34,500 0
Debtors 5 18,087 30,463
Cash at bank and in hand 636,644 201,006
689,231 231,469
Creditors
Amounts falling due within one year 6 ( 640,403) ( 195,012)
Net current assets 48,828 36,457
Total assets less current liabilities 84,723 81,952
Provision for liabilities ( 6,820) ( 8,644)
Net assets 77,903 73,308
Capital and reserves
Called-up share capital 100 100
Profit and loss account 77,803 73,208
Total shareholder's funds 77,903 73,308

For the financial period ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Scape Construct Limited (registered number: 09560171) were approved and authorised for issue by the Board of Directors on 20 May 2022. They were signed on its behalf by:

Steven J O'Callaghan
Director
SCAPE CONSTRUCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2020 to 31 December 2021
SCAPE CONSTRUCT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2020 to 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Scape Construct Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 9 Queensway, New Milton, Hampshire, BH25 5NN.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 Balance Sheet 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 10 % reducing balance
Fixtures and fittings 10 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

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 Balance Sheet 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

Period from
01.07.2020 to
31.12.2021
Year ended
30.06.2020
Number Number
Monthly average number of persons employed by the Company during the period, including directors 3 3

3. Tangible assets

Land and buildings Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 July 2020 16,255 47,740 12,443 76,438
At 31 December 2021 16,255 47,740 12,443 76,438
Accumulated depreciation
At 01 July 2020 4,876 13,624 12,443 30,943
Charge for the financial period 2,439 7,161 0 9,600
At 31 December 2021 7,315 20,785 12,443 40,543
Net book value
At 31 December 2021 8,940 26,955 0 35,895
At 30 June 2020 11,379 34,116 0 45,495

4. Stocks

31.12.2021 30.06.2020
£ £
Stocks 34,500 0

5. Debtors

31.12.2021 30.06.2020
£ £
Trade debtors 1 0
Other debtors 18,086 30,463
18,087 30,463

6. Creditors: amounts falling due within one year

31.12.2021 30.06.2020
£ £
Trade creditors 122,803 53,646
Amounts owed to related parties 94,985 78,145
Other creditors 212,313 3,087
Corporation tax 29,175 16,447
Other taxation and social security 181,127 43,687
640,403 195,012

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

31.12.2021 30.06.2020
£ £
Space & Solutions Limited 240,000 157,000

Transactions with the entity's directors

31.12.2021 30.06.2020
£ £
S J O'Callaghan 2,752 13,674
S H O'Callaghan 2,751 13,674
T B O'Callaghan 0 3,000

Interest of £154 (2020: £349) was charged on the overdrawn directors' loan account at the HMRC official rate of 2%.

8. Ultimate controlling party

Parent Company:

Simul Group Limited