Registered number
10803401
Charles Scott Properties Limited
Filleted Accounts
30 June 2023
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
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