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REGISTERED NUMBER: 02833148 (England and Wales)





















Financial Statements

for the Year Ended 31 March 2024

for

SCB Property Services Limited

SCB Property Services Limited (Registered number: 02833148)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SCB Property Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S E Campbell-Barr





REGISTERED OFFICE: Maltings Cottage
Melton Hill
Woodbridge
Suffolk
IP12 1AX





REGISTERED NUMBER: 02833148 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

SCB Property Services Limited (Registered number: 02833148)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 300,000 300,000

CURRENT ASSETS
Debtors 4,472 3,105
Cash at bank 20,394 29,566
24,866 32,671
CREDITORS
Amounts falling due within one year 2,903 6,749
NET CURRENT ASSETS 21,963 25,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,963

325,922

PROVISIONS FOR LIABILITIES 5 43,114 43,114
NET ASSETS 278,849 282,808

CAPITAL AND RESERVES
Called up share capital 6 4 4
Retained earnings 278,845 282,804
SHAREHOLDERS' FUNDS 278,849 282,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SCB Property Services Limited (Registered number: 02833148)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





S E Campbell-Barr - Director


SCB Property Services Limited (Registered number: 02833148)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SCB Property Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover represents net invoiced sales of services, excluding value added tax, arising from letting commercial properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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 year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 300,000
At 31 March 2023 300,000

The investment property was professionally valued at £300,000 as at 30th August 2023 and the director considered the value not to have changed to the balance sheet date.

SCB Property Services Limited (Registered number: 02833148)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 43,114 43,114

Deferred
tax
£   
Balance at 1 April 2023 43,114
Balance at 31 March 2024 43,114

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
4 Ordinary £1 4 4

7. SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S Campbell-Barr
Balance outstanding at start of year 5,228 1,428
Amounts advanced - 3,800
Amounts repaid (3,195 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,033 5,228