Registered number
11179592
Scott Manor Properties (2018) Limited
Filleted Accounts
31 March 2024
Scott Manor Properties (2018) Limited
Registered number: 11179592
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 750,000 750,000
Current assets
Cash at bank and in hand 22,706 14,156
Creditors: amounts falling due within one year 4 (637,963) (653,100)
Net current liabilities (615,257) (638,944)
Net assets 134,743 111,056
Capital and reserves
Called up share capital 300 300
Profit and loss account 134,443 110,756
Shareholders' funds 134,743 111,056
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Pace
Director
Approved by the board on 11 September 2024
Scott Manor Properties (2018) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold property which is held as an investment.
Debtors
Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 750,000
At 31 March 2024 750,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 750,000
At 31 March 2023 750,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 39,059 54,010
Taxation and social security costs 5,556 2,822
Other creditors 593,348 596,268
637,963 653,100
5 Other information
Scott Manor Properties (2018) Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Orwell Road
Walsall
West Midlands
WS1 2PJ
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