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REGISTERED NUMBER: 09022263 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SCOPE CHELTENHAM LTD

SCOPE CHELTENHAM LTD (REGISTERED NUMBER: 09022263)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCOPE CHELTENHAM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: G H B Tatham-Losh





REGISTERED OFFICE: 15 Clarence Parade
Cheltenham
Gloucestershire
GL50 3PA





REGISTERED NUMBER: 09022263 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

SCOPE CHELTENHAM LTD (REGISTERED NUMBER: 09022263)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 390,000 325,491

CURRENT ASSETS
Debtors 5 2,982 3,907
Cash at bank 17,766 2,329
20,748 6,236
CREDITORS
Amounts falling due within one year 6 98,707 92,110
NET CURRENT LIABILITIES (77,959 ) (85,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,041

239,617

CREDITORS
Amounts falling due after more than one
year

7

(175,121

)

(179,200

)

PROVISIONS FOR LIABILITIES 9 (30,154 ) (10,660 )
NET ASSETS 106,766 49,757

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 120,614 56,105
Retained earnings (14,848 ) (7,348 )
106,766 49,757

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SCOPE CHELTENHAM LTD (REGISTERED NUMBER: 09022263)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





G H B Tatham-Losh - Director


SCOPE CHELTENHAM LTD (REGISTERED NUMBER: 09022263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Scope Cheltenham Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The directors consider that there are no material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern but the company is reliant on the support of its directors.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis

SCOPE CHELTENHAM LTD (REGISTERED NUMBER: 09022263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 325,491
Revaluations 64,509
At 31 May 2023 390,000
NET BOOK VALUE
At 31 May 2023 390,000
At 31 May 2022 325,491

The fair value as at the year end has been arrived at on the basis of a valuation by the director at that date. Market evidence of transaction prices for similar properties in the same location was used as a reference. No independent valuation by an external party has been carried out.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,735 3,700
Prepayments and accrued income 247 207
2,982 3,907

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,584 5,427
Corporation Tax 2,813 482
Other creditors 28,250 28,250
Directors' loan accounts 60,069 55,616
Accruals and deferred income 1,991 2,335
98,707 92,110

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 24,426 23,664
Bank loans 150,695 155,536
175,121 179,200

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 150,695 155,536

SCOPE CHELTENHAM LTD (REGISTERED NUMBER: 09022263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. SECURED DEBTS

The Mortgage works (UK) PLC has a negative pledge charge over one of the investment properties held by the company in respect of the mortgage on that property.

Charter Court Financial Services Limited hold a charge over one of the investment properties held by the company in respect of the mortgage on that property.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated Capital allowances 30,154 10,660

Deferred
tax
£   
Balance at 1 June 2022 10,660
Provided during year 19,494
Balance at 31 May 2023 30,154

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
G H B Tatham-Losh
Balance outstanding at start of year (55,616 ) (14,976 )
Amounts repaid (4,453 ) (40,640 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (60,069 ) (55,616 )