2023-02-012024-01-312024-01-31false10574617SKOPE PROPERTY INVESTMENTS LIMITED2024-08-0568209iso4217:GBPxbrli:pure105746172023-02-01105746172024-01-31105746172023-02-012024-01-31105746172022-02-01105746172023-01-31105746172022-02-012023-01-3110574617bus:SmallEntities2023-02-012024-01-3110574617bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3110574617bus:FullAccounts2023-02-012024-01-3110574617bus:PrivateLimitedCompanyLtd2023-02-012024-01-3110574617core:WithinOneYear2024-01-3110574617core:AfterOneYear2024-01-3110574617core:WithinOneYear2023-01-3110574617core:AfterOneYear2023-01-3110574617core:ShareCapital2024-01-3110574617core:SharePremium2024-01-3110574617core:RevaluationReserve2024-01-3110574617core:OtherReservesSubtotal2024-01-3110574617core:RetainedEarningsAccumulatedLosses2024-01-3110574617core:ShareCapital2023-01-3110574617core:SharePremium2023-01-3110574617core:RevaluationReserve2023-01-3110574617core:OtherReservesSubtotal2023-01-3110574617core:RetainedEarningsAccumulatedLosses2023-01-3110574617core:LandBuildings2024-01-3110574617core:PlantMachinery2024-01-3110574617core:Vehicles2024-01-3110574617core:FurnitureFittings2024-01-3110574617core:OfficeEquipment2024-01-3110574617core:NetGoodwill2024-01-3110574617core:IntangibleAssetsOtherThanGoodwill2024-01-3110574617core:ListedExchangeTraded2024-01-3110574617core:UnlistedNon-exchangeTraded2024-01-3110574617core:LandBuildings2023-01-3110574617core:PlantMachinery2023-01-3110574617core:Vehicles2023-01-3110574617core:FurnitureFittings2023-01-3110574617core:OfficeEquipment2023-01-3110574617core:NetGoodwill2023-01-3110574617core:IntangibleAssetsOtherThanGoodwill2023-01-3110574617core:ListedExchangeTraded2023-01-3110574617core:UnlistedNon-exchangeTraded2023-01-3110574617core:LandBuildings2023-02-012024-01-3110574617core:PlantMachinery2023-02-012024-01-3110574617core:Vehicles2023-02-012024-01-3110574617core:FurnitureFittings2023-02-012024-01-3110574617core:OfficeEquipment2023-02-012024-01-3110574617core:NetGoodwill2023-02-012024-01-3110574617core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3110574617core:ListedExchangeTraded2023-02-012024-01-3110574617core:UnlistedNon-exchangeTraded2023-02-012024-01-3110574617core:MoreThanFiveYears2023-02-012024-01-3110574617core:Non-currentFinancialInstruments2024-01-3110574617core:Non-currentFinancialInstruments2023-01-3110574617dpl:CostSales2023-02-012024-01-3110574617dpl:DistributionCosts2023-02-012024-01-3110574617core:LandBuildings2023-02-012024-01-3110574617core:PlantMachinery2023-02-012024-01-3110574617core:Vehicles2023-02-012024-01-3110574617core:FurnitureFittings2023-02-012024-01-3110574617core:OfficeEquipment2023-02-012024-01-3110574617dpl:AdministrativeExpenses2023-02-012024-01-3110574617core:NetGoodwill2023-02-012024-01-3110574617core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3110574617dpl:GroupUndertakings2023-02-012024-01-3110574617dpl:ParticipatingInterests2023-02-012024-01-3110574617dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3110574617core:ListedExchangeTraded2023-02-012024-01-3110574617dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3110574617core:UnlistedNon-exchangeTraded2023-02-012024-01-3110574617dpl:CostSales2022-02-012023-01-3110574617dpl:DistributionCosts2022-02-012023-01-3110574617core:LandBuildings2022-02-012023-01-3110574617core:PlantMachinery2022-02-012023-01-3110574617core:Vehicles2022-02-012023-01-3110574617core:FurnitureFittings2022-02-012023-01-3110574617core:OfficeEquipment2022-02-012023-01-3110574617dpl:AdministrativeExpenses2022-02-012023-01-3110574617core:NetGoodwill2022-02-012023-01-3110574617core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3110574617dpl:GroupUndertakings2022-02-012023-01-3110574617dpl:ParticipatingInterests2022-02-012023-01-3110574617dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3110574617core:ListedExchangeTraded2022-02-012023-01-3110574617dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3110574617core:UnlistedNon-exchangeTraded2022-02-012023-01-3110574617core:NetGoodwill2024-01-3110574617core:IntangibleAssetsOtherThanGoodwill2024-01-3110574617core:LandBuildings2024-01-3110574617core:PlantMachinery2024-01-3110574617core:Vehicles2024-01-3110574617core:FurnitureFittings2024-01-3110574617core:OfficeEquipment2024-01-3110574617core:AfterOneYear2024-01-3110574617core:WithinOneYear2024-01-3110574617core:ListedExchangeTraded2024-01-3110574617core:UnlistedNon-exchangeTraded2024-01-3110574617core:ShareCapital2024-01-3110574617core:SharePremium2024-01-3110574617core:RevaluationReserve2024-01-3110574617core:OtherReservesSubtotal2024-01-3110574617core:RetainedEarningsAccumulatedLosses2024-01-3110574617core:NetGoodwill2023-01-3110574617core:IntangibleAssetsOtherThanGoodwill2023-01-3110574617core:LandBuildings2023-01-3110574617core:PlantMachinery2023-01-3110574617core:Vehicles2023-01-3110574617core:FurnitureFittings2023-01-3110574617core:OfficeEquipment2023-01-3110574617core:AfterOneYear2023-01-3110574617core:WithinOneYear2023-01-3110574617core:Liste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SKOPE PROPERTY INVESTMENTS LIMITED

Registered Number
10574617
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

SKOPE PROPERTY INVESTMENTS LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

DAVDRA, Karishma Bhupendra
RASHID, Salik

Registered Address

71 Parkers Road
Leighton
Crewe
CW1 4TP

Registered Number

10574617 (England and Wales)
SKOPE PROPERTY INVESTMENTS LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets312,2734,999
Investment property42,840,0002,030,000
2,852,2732,034,999
Current assets
Debtors550,734310,253
Cash at bank and on hand58,603192,271
109,337502,524
Creditors amounts falling due within one year6(79,356)(84,896)
Net current assets (liabilities)29,981417,628
Total assets less current liabilities2,882,2542,452,627
Creditors amounts falling due after one year7(1,995,004)(1,773,083)
Provisions for liabilities(152,207)(112,347)
Net assets735,043567,197
Capital and reserves
Called up share capital22
Revaluation reserve699,982563,275
Profit and loss account35,0593,920
Shareholders' funds735,043567,197
The financial statements were approved and authorised for issue by the Board of Directors on 5 August 2024, and are signed on its behalf by:
RASHID, Salik
Director
Registered Company No. 10574617
SKOPE PROPERTY INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. (i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. See tangible assets note for the carrying amount of the assets and the accounting policy for the useful economic lives for each class of assets. (ii) Valuation of investment property As described in the notes to the financial statements, the investment properties are stated in the balance sheet at fair value, based on the valuation performed by the director. The director is of the opinion that the year-end valuation is not materially different to current market prices observed. Investment properties have been recognised at fair value by the director and they are of the opinion that there has been no material change since 31 January 2024.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. A review for indicators of impairment is carried out at each reporting date, with recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purpose of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group of assets. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Straight line (years)
Fixtures and fittings5
Office Equipment5
Investment property
Investment properly is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 February 238,3542,77611,130
Additions9,407-9,407
At 31 January 2417,7612,77620,537
Depreciation and impairment
At 01 February 235,2588736,131
Charge for year1,5785552,133
At 31 January 246,8361,4288,264
Net book value
At 31 January 2410,9251,34812,273
At 31 January 233,0961,9034,999
4.Investment property
The directors consider the investment properties to be stated at fair value as at 31 January 2024. In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £1,975,823 (2023: £1,334,598), Aggregate depreciation £nil (2023: £nil) and carrying value £1,975,823 (2023: £1,334,598).

£
Fair value at 01 February 232,030,000
Additions641,225
Fair value adjustments168,775
At 31 January 242,840,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables5,9623,937
Amounts owed by associates and joint ventures / participating interests42,566103,000
Other debtors400200,400
Prepayments and accrued income1,8062,916
Total50,734310,253
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,2041,107
Other creditors50,60265,961
Accrued liabilities and deferred income19,55017,828
Total79,35684,896
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,245,5951,183,083
Other creditors749,409590,000
Total1,995,0041,773,083
8.Events after reporting date
There were no material events up to the date of approval of the financial statements by the board.
9.Related party transactions
Transactions with directors are under normal market conditions and/or not material.