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REGISTERED NUMBER: 13117355 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

SC7 Property Ltd

SC7 Property Ltd (Registered number: 13117355)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

SC7 Property Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr S A Crosby





REGISTERED OFFICE: 3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD





REGISTERED NUMBER: 13117355 (England and Wales)





ACCOUNTANTS: D Hubbard Accountancy Limited
3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD

SC7 Property Ltd (Registered number: 13117355)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,508 219,508

CURRENT ASSETS
Debtors 5 44,691 437,479
Cash at bank 53,136 27,772
97,827 465,251
CREDITORS
Amounts falling due within one year 6 3,390 2,960
NET CURRENT ASSETS 94,437 462,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,945

681,799

CREDITORS
Amounts falling due after more than one
year

7

295,075

673,570
NET ASSETS 18,870 8,229

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 18,770 8,129
SHAREHOLDERS' FUNDS 18,870 8,229

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

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

The director acknowledges his 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.

SC7 Property Ltd (Registered number: 13117355)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





Mr S A Crosby - Director


SC7 Property Ltd (Registered number: 13117355)

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

1. STATUTORY INFORMATION

SC7 Property Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

SC7 Property Ltd (Registered number: 13117355)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 September 2023
and 31 August 2024 219,508
NET BOOK VALUE
At 31 August 2024 219,508
At 31 August 2023 219,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Directors' current accounts 44,691 436,950
Prepayments - 529
44,691 437,479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 2,219 1,827
Accrued expenses 1,171 1,133
3,390 2,960

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans more 5 yr by instal 148,486 148,486
Amounts owed to group undertakings 146,589 525,084
295,075 673,570

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 148,486 148,486

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1 100 100

SC7 Property Ltd (Registered number: 13117355)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr S A Crosby
Balance outstanding at start of year 436,950 164,111
Amounts advanced 44,691 436,950
Amounts repaid (436,950 ) (164,111 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,691 436,950

The overdrawn directors loan account was cleared within 9 months of the company year end.

10. RELATED PARTY DISCLOSURES

The company has been lent £146,589 (2023 £525,084) from Consultika (Collingham) Limited and Consultika Limited. Mr S Crosby is the 50% shareholder and director of both companies.

SC7 Property Ltd

Report of the Accountants to the Director of
SC7 Property Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






D Hubbard Accountancy Limited
3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD


20 November 2024