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REGISTERED NUMBER: 03816494 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

SCM INVESTMENTS LIMITED

SCM INVESTMENTS LIMITED (REGISTERED NUMBER: 03816494)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCM INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr G E Michael
Mr G S Hadjipanayi





SECRETARY: Mr G S Hadjipanayi





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 03816494 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

SCM INVESTMENTS LIMITED (REGISTERED NUMBER: 03816494)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166 221
Investment property 5 3,829,991 3,017,971
3,830,157 3,018,192

CURRENT ASSETS
Debtors 6 18,897 16,257
Cash at bank 47,522 79,806
66,419 96,063
CREDITORS
Amounts falling due within one year 7 13,108 16,474
NET CURRENT ASSETS 53,311 79,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,883,468

3,097,781

CREDITORS
Amounts falling due after more than one
year

8

(1,489,811

)

(1,487,153

)

PROVISIONS FOR LIABILITIES 9 (359,732 ) (141,980 )
NET ASSETS 2,033,925 1,468,648

CAPITAL AND RESERVES
Called up share capital 10 666 666
Capital redemption reserve 11 333 333
Retained earnings 11 2,032,926 1,467,649
SHAREHOLDERS' FUNDS 2,033,925 1,468,648

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

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

The directors acknowledge their 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.

SCM INVESTMENTS LIMITED (REGISTERED NUMBER: 03816494)

BALANCE SHEET - continued
31 JULY 2024


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

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 Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr G S Hadjipanayi - Director


SCM INVESTMENTS LIMITED (REGISTERED NUMBER: 03816494)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

SCM Investments 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
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SCM INVESTMENTS LIMITED (REGISTERED NUMBER: 03816494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 7,911 2,174 10,085
DEPRECIATION
At 1 August 2023 7,883 1,981 9,864
Charge for year 7 48 55
At 31 July 2024 7,890 2,029 9,919
NET BOOK VALUE
At 31 July 2024 21 145 166
At 31 July 2023 28 193 221

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 3,017,971
Revaluations 812,020
At 31 July 2024 3,829,991
NET BOOK VALUE
At 31 July 2024 3,829,991
At 31 July 2023 3,017,971

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2009 716,920
Valuation in 2017 735,301
Valuation in 2023 812,020
Cost 1,565,750
3,829,991

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 13,733 12,053
Tax 117 117
Prepayments 5,047 4,087
18,897 16,257

SCM INVESTMENTS LIMITED (REGISTERED NUMBER: 03816494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 2,259 2,697
Tax 4,617 6,815
Social security and other taxes 181 302
Pensions 28 -
Directors' current accounts 1,231 1,868
Deferred income 1,192 1,192
Accrued expenses 3,600 3,600
13,108 16,474

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans more 5 yrs non-inst 1,489,811 1,487,153

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,489,811 1,487,153

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 359,732 141,980

Deferred
tax
£   
Balance at 1 August 2023 141,980
Provided during year 217,752
Balance at 31 July 2024 359,732

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
666 Ordinary £1 666 666

SCM INVESTMENTS LIMITED (REGISTERED NUMBER: 03816494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


11. RESERVES


£

Distributable reserves130,397
Non-distributable reserves1,902,529
At 31 July 20242,032,926