SCARLETT PROPERTIES LTD

Company Registration Number:
10487725 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

SCARLETT PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

SCARLETT PROPERTIES LTD

Company Information

for the Period Ended 31 March 2023




Director: Nicholas Howard
Catriona Howard
Secretary: Nicholas Howard
Registered office: 9a
Beverley Road
London
GBR
W4 2LL
Company Registration Number: 10487725 (England and Wales)

SCARLETT PROPERTIES LTD

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
Nicholas Howard
Catriona Howard

Secretary
Nicholas Howard

This report was approved by the board of directors on 24 December 2023
And Signed On Behalf Of The Board By:

Name: Nicholas Howard
Status: Director

SCARLETT PROPERTIES LTD

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 186,632 153,553
Cost of sales ( 20,504 ) ( 15,473 )
Gross Profit or (Loss) 166,128 138,080
Administrative Expenses ( 60,880 ) ( 63,907 )
Operating Profit or (Loss) 105,248 74,173
Interest Payable and Similar Charges ( 68,803 ) ( 56,609 )
Profit or (Loss) Before Tax 36,445 17,564
Profit or (Loss) for Period 36,445 17,564

The notes form part of these financial statements

SCARLETT PROPERTIES LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 2,864,504 1,894,412
Total fixed assets: 2,864,504 1,894,412
Current assets
Cash at bank and in hand: 9,774 35,580
Total current assets: 9,774 35,580
Prepayments and accrued income: 255 479
Net current assets (liabilities): 10,029 36,059
Total assets less current liabilities: 2,874,533 1,930,471
Creditors: amounts falling due after more than one year: 5 ( 2,601,347 ) ( 1,720,260 )
Accruals and deferred income: ( 1,196 ) ( 4,103 )
Total net assets (liabilities): 271,990 206,108

The notes form part of these financial statements

SCARLETT PROPERTIES LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 6 216,957 183,124
Profit and loss account: 55,032 22,983
Shareholders funds: 271,990 206,108

For the year ending 31 March 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 24 December 2023
And Signed On Behalf Of The Board By:

Name: Nicholas Howard
Status: Director

The notes form part of these financial statements

SCARLETT PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SCARLETT PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

SCARLETT PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

SCARLETT PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 April 2022 1,894,412 1,894,412
Additions 936,259 936,259
Disposals - -
Revaluations 33,833 33,833
Transfers - -
At 31 March 2023 2,864,504 2,864,504
Depreciation
At 01 April 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 March 2023 - -
Net book value
At 31 March 2023 2,864,504 2,864,504
At 31 March 2022 1,894,412 1,894,412

SCARLETT PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 2,120,402 1,364,315
Other creditors 480,945 355,945
Total 2,601,347 1,720,260

SCARLETT PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Revaluation reserve


2023
£
Balance at 01 April 2022 183,124
Surplus or deficit after revaluation 33,833
Balance at 31 March 2023 216,957