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REGISTERED NUMBER: 02794228 (England and Wales)













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: R N Adams





SECRETARY: Miss C. Rowland





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 02794228 (England and Wales)





ACCOUNTANTS: John Crook & Partners
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 4 150 150
Investment property 5 475,000 1,450,000
475,150 1,450,150

CURRENT ASSETS
Debtors 6 780,746 -
Cash at bank and in hand 444,156 23,186
1,224,902 23,186
CREDITORS
Amounts falling due within one year 7 203,173 97,056
NET CURRENT ASSETS/(LIABILITIES) 1,021,729 (73,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,496,879

1,376,280

PROVISIONS FOR LIABILITIES 9 14,139 135,155
NET ASSETS 1,482,740 1,241,125

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 196,011 858,667
Retained earnings 1,286,629 382,358
SHAREHOLDERS' FUNDS 1,482,740 1,241,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 25 October 2023 and were signed by:





R N Adams - Director


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 private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 October 2021
and 31 March 2023 150
NET BOOK VALUE
At 31 March 2023 150
At 30 September 2021 150

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 1,450,000
Additions 4,469
Disposals (979,469 )
At 31 March 2023 475,000
NET BOOK VALUE
At 31 March 2023 475,000
At 30 September 2021 1,450,000

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 780,746 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Tax 104,746 -
Other creditors 5,161 2,401
Directors' current accounts 93,266 94,655
203,173 97,056

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 135,155
Capital allowances
Increase in property values
Sale of properties (121,016 )
Balance at 31 March 2023 14,139

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The company is controlled by R.N.Adams , who is the sole director and shareholder.