Company No:
Contents
Note | 31.03.2024 | |
$ | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand | 5 |
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2,459,102 | ||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 3,261 | |
Total assets less current liabilities | 3,261 | |
Net assets |
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Capital and reserves | ||
Called-up share capital | 7 |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of SCRP TRADE FINANCE LTD (registered number:
J A B Scott
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
SCRP TRADE FINANCE LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Fifth Floor, Suite 23, 63/66 Hatton Garden, London, EC1N 8LE, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in USD which is the functional currency of the Company and rounded to the nearest $.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Period from 01.12.2022 to 31.03.2024 |
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Number | |
Monthly average number of persons employed by the company during the period, including directors |
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Period from 01.12.2022 to 31.03.2024 |
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$ | |
Amounts recognised as distributions to equity holders in the financial period: | |
Interim dividend for the financial year ended 31 March 2024 of $59.79 per ordinary share | 59,799 |
31.03.2024 | |
$ | |
Trade debtors |
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Other debtors |
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31.03.2024 | |
$ | |
Cash at bank and in hand |
|
31.03.2024 | |
$ | |
Trade creditors |
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Amounts owed to parent undertakings |
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Taxation and social security |
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Other creditors |
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31.03.2024 | |
$ | |
Allotted, called-up and fully-paid | |
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Transactions with owners holding a participating interest in the entity
31.03.2024 | |
$ | |
Amounts owed to parent undertakings | (112,214) |
The balance is unsecured, interest-free and repayable on demand.
Parent Company:
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Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE |