REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
FOR |
SCARBOROUGH ROAD LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 21 JULY 2022 TO 31 JULY 2023 |
FOR |
SCARBOROUGH ROAD LTD |
SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 21 July 2022 to 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SCARBOROUGH ROAD LTD |
COMPANY INFORMATION |
For The Period 21 July 2022 to 31 July 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Business Advisors & Accountants |
5&6 Manor Court |
Manor Garth |
Scarborough |
North Yorkshire |
YO11 3TU |
SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592) |
BALANCE SHEET |
31 July 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Period 21 July 2022 to 31 July 2023 |
1. | STATUTORY INFORMATION |
Scarborough Road Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
The investment property is property held to earn rentals or for capital appreciation or both. |
The investment property is initially measured at cost, including transactional costs. Subsequently the investment property whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of the investment property are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 21 July 2022 to 31 July 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST |
Additions |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Other creditors |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
The bank borrowings included in creditors due within one year are secured by a first legal charge over the freehold investment property. |
8. | RELATED PARTY DISCLOSURES |
Included within debtors due within one year is £1,500 owed by Centurion York Ltd, a connected company. The loan is deemed to be repayable on demand and no interest has been charged by the company on the amount outstanding. |