REGISTERED NUMBER: |
SCORPIO ENTERPRISES LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2023 |
REGISTERED NUMBER: |
SCORPIO ENTERPRISES LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2023 |
SCORPIO ENTERPRISES LIMITED (REGISTERED NUMBER: 02794228) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
SCORPIO ENTERPRISES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
255 Green Lanes |
Palmers Green |
London |
N13 4XE |
SCORPIO ENTERPRISES LIMITED (REGISTERED NUMBER: 02794228) |
BALANCE SHEET |
31 MARCH 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Fair value reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
SCORPIO ENTERPRISES LIMITED (REGISTERED NUMBER: 02794228) |
BALANCE SHEET - continued |
31 MARCH 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
SCORPIO ENTERPRISES LIMITED (REGISTERED NUMBER: 02794228) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Scorpio Enterprises Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the amount derived from the provision of goods and services falling within the company's activities. |
Tangible fixed assets |
Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows: |
Motor vehicles 25% - reducing balance |
Fixtures and fittings 15% - reducing balance |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Deferred taxation |
Provision is made at current rates for taxation deferred in respect of all material timing differences. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1 October 2021 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 September 2021 |
SCORPIO ENTERPRISES LIMITED (REGISTERED NUMBER: 02794228) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2021 |
Additions |
Disposals | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 September 2021 |
Fair value at 31 March 2023 is represented by: |
£ |
Valuation in 2023 | 210,150 |
Cost | 264,850 |
475,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2023 | 2021 |
£ | £ |
Cost | 264,850 | 465,680 |
Investment property was valued on an open market basis on 31 March 2023 by the director . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Trade debtor |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Tax |
Other creditors |
Directors' current accounts |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2021 |
£ | £ |
SCORPIO ENTERPRISES LIMITED (REGISTERED NUMBER: 02794228) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 OCTOBER 2021 TO 31 MARCH 2023 |
9. | PROVISIONS FOR LIABILITIES |
2023 | 2021 |
£ | £ |
Deferred tax | 14,139 | 135,155 |
Deferred |
tax |
£ |
Balance at 1 October 2021 |
Capital allowances |
Increase in property values |
Sale of properties | (121,016 | ) |
Balance at 31 March 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2021 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
11. | ULTIMATE CONTROLLING PARTY |
The company is controlled by R.N.Adams , who is the sole director and shareholder. |