Charles Scott Properties Limited |
Registered number: |
10803401 |
Balance Sheet |
as at 30 June 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
184,210 |
|
|
184,210 |
|
Current assets |
Cash at bank and in hand |
|
|
7,575 |
|
|
10,803 |
|
Creditors: amounts falling due within one year |
4 |
|
(88,818) |
|
|
(94,044) |
|
Net current liabilities |
|
|
|
(81,243) |
|
|
(83,241) |
|
Total assets less current liabilities |
|
|
|
102,967 |
|
|
100,969 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(99,149) |
|
|
(100,648) |
|
|
|
Net assets |
|
|
|
3,818 |
|
|
321 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
3,718 |
|
|
221 |
|
Shareholders' funds |
|
|
|
3,818 |
|
|
321 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
C Campbell |
Director |
Approved by the board on 1 March 2024 |
|
Charles Scott Properties Limited |
Notes to the Accounts |
for the year ended 30 June 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
The company carries freehold investment property at fair value |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 1 July 2022 |
184,210 |
|
At 30 June 2023 |
184,210 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 June 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2023 |
184,210 |
|
At 30 June 2022 |
184,210 |
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
2,072 |
|
2,645 |
|
Taxation and social security costs |
820 |
|
52 |
|
Other creditors |
85,926 |
|
91,347 |
|
|
|
|
|
|
88,818 |
|
94,044 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
99,149 |
|
100,648 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans |
2023 |
|
2022 |
£ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
90,861 |
|
90,068 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
101,221 |
|
103,293 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured by charges on the freehold property. |
|
|
7 |
Controlling party |
|
|
The company is controlled by the directors. |
|
|
8 |
Other information |
|
|
Charles Scott Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
15 Knowles Street |
|
Wednesbury |
|
West Midlands |
|
WS10 9HN |