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Company Registration No. 10688314 (England and Wales)
Scv Spv 1 Ltd Unaudited accounts for the year ended 31 March 2024
Scv Spv 1 Ltd Unaudited accounts Contents
Page
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Scv Spv 1 Ltd Company Information for the year ended 31 March 2024
Directors
VYAS, Subhashchandra Chhotalal VYAS, Vishal Subhashchandra
Company Number
10688314 (England and Wales)
Registered Office
14 Ladysmith Avenue Ilford Essex IG2 7AU England
Accountants
TDO Accounting 22 Wyvern Close ORPINGTON Kent BR6 9DX
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Scv Spv 1 Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
78,000 
78,000 
Current assets
Debtors
160 
145 
Cash at bank and in hand
1,953 
3,440 
2,113 
3,585 
Creditors: amounts falling due within one year
(19,956)
(19,334)
Net current liabilities
(17,843)
(15,749)
Total assets less current liabilities
60,157 
62,251 
Creditors: amounts falling due after more than one year
(54,295)
(54,295)
Provisions for liabilities
Deferred tax
(1,113)
(1,511)
Net assets
4,749 
6,445 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
25,217 
25,217 
Profit and loss account
(20,470)
(18,774)
Shareholders' funds
4,749 
6,445 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
VYAS, Vishal Subhashchandra Director Company Registration No. 10688314
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Scv Spv 1 Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Scv Spv 1 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10688314. The registered office is 14 Ladysmith Avenue, , Ilford, Essex, IG2 7AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
78,000 
At 31 March 2024
78,000 
Investment property comprises of 93 Beaconsfield Street, Darlington, DL3 6EP. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2023. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
160 
145 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
19,607 
18,985 
Accruals
349 
349 
19,956 
19,334 
Directors' loans are provided on interest free terms
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Scv Spv 1 Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
54,295 
54,295 
The long-term loan is secured by a charge over the investment property 93 Beaconsfield Street.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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