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REGISTERED NUMBER: 10433433 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SCOTT PROPERTIES (NW) LIMITED

SCOTT PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10433433)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


SCOTT PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10433433)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 700,000 600,000

CURRENT ASSETS
Debtors 3,670 3,670
Cash at bank 602 5,020
4,272 8,690
CREDITORS
Amounts falling due within one year 272,341 280,756
NET CURRENT LIABILITIES (268,069 ) (272,066 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,931

327,934

PROVISIONS FOR LIABILITIES 33,061 14,801
NET ASSETS 398,870 313,133

CAPITAL AND RESERVES
Called up share capital 5 100 100
Fair value reserve 6 140,946 59,206
Retained earnings 257,824 253,827
SHAREHOLDERS' FUNDS 398,870 313,133

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

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

The directors acknowledge their 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.

SCOTT PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10433433)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





C Scott - Director


SCOTT PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10433433)

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

1. STATUTORY INFORMATION

Scott Properties (NW) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10433433

Registered office: 19 Brookside
Bicton
Shrewsbury
SY3 8EP

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SCOTT PROPERTIES (NW) LIMITED (REGISTERED NUMBER: 10433433)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 600,000
Revaluations 100,000
At 31 October 2023 700,000
NET BOOK VALUE
At 31 October 2023 700,000
At 31 October 2022 600,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 74,007
Valuation in 2023 100,000
Cost 525,993
700,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

6. RESERVES
Fair
value
reserve
£   
At 1 November 2022 59,206
Revaluation movement 81,740

At 31 October 2023 140,946