Company Registration No. 10688314 (England and Wales)
Scv Spv 1 Ltd
Unaudited accounts
for the year ended 31 March 2023
Scv Spv 1 Ltd
Unaudited accounts
Contents
Scv Spv 1 Ltd
Company Information
for the year ended 31 March 2023
Directors
VYAS, Subhashchandra Chhotalal
VYAS, Vishal Subhashchandra
Company Number
10688314 (England and Wales)
Registered Office
14 Ladysmith Avenue
Ilford
Essex
IG2 7AU
England
Accountants
TDO Accounting
22 Wyvern Close
ORPINGTON
Kent
BR6 9DX
Scv Spv 1 Ltd
Statement of financial position
as at 31 March 2023
Investment property
78,000
78,000
Cash at bank and in hand
3,440
3,786
Creditors: amounts falling due within one year
(19,334)
(18,330)
Net current liabilities
(15,749)
(14,409)
Total assets less current liabilities
62,251
63,591
Creditors: amounts falling due after more than one year
(54,295)
(54,295)
Provisions for liabilities
Deferred tax
(1,511)
(1,766)
Called up share capital
2
2
Revaluation reserve
25,217
19,217
Profit and loss account
(18,774)
(11,689)
Shareholders' funds
6,445
7,530
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2023 and were signed on its behalf by
VYAS, Vishal Subhashchandra
Director
Company Registration No. 10688314
Scv Spv 1 Ltd
Notes to the Accounts
for the year ended 31 March 2023
Scv Spv 1 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10688314. The registered office is 14 Ladysmith Avenue, , Ilford, Essex, IG2 7AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 April 2022
78,000
Investment property comprises of 93 Beaconsfield Street, Darlington, DL3 6EP. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2023. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
18,985
17,981
Directors' loans are provided on interest free terms
Scv Spv 1 Ltd
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023
2022
The long-term loan is secured by a charge over the investment property 93 Beaconsfield Street.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).