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Registration number: 05864266

Scanlans Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Scanlans Holdings Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Scanlans Holdings Limited

(Registration number: 05864266)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

3,289,500

3,409,500

Investments

5

70,153

70,153

 

3,359,653

3,479,653

Current assets

 

Debtors

6

12,276

9,793

Cash at bank and in hand

 

201,988

12,538

 

214,264

22,331

Creditors: Amounts falling due within one year

7

(460,453)

(423,789)

Net current liabilities

 

(246,189)

(401,458)

Total assets less current liabilities

 

3,113,464

3,078,195

Creditors: Amounts falling due after more than one year

7

(53,578)

(59,092)

Provisions for liabilities

(207,726)

(222,350)

Net assets

 

2,852,160

2,796,753

Capital and reserves

 

Called up share capital

306

306

Other reserves

885,566

947,913

Retained earnings

1,966,288

1,848,534

Shareholders' funds

 

2,852,160

2,796,753

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Scanlans Holdings Limited

(Registration number: 05864266)
Balance Sheet as at 31 July 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors Report has been taken.

Approved and authorised by the Board on 19 November 2024 and signed on its behalf by:
 

.........................................
Miss K Scanlan
Company secretary and director

 

Scanlans Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Mill
Tricketts Lane
Willaston
Nantwich
Cheshire
CW5 6PZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Scanlans Holdings Limited

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

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investment properties

2024
£

At 1 August

3,409,500

Disposals

(120,000)

At 31 July

3,289,500

The directors believe that it was not commercially viable to revalue the properties at the balance sheet date.

 

Scanlans Holdings Limited

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

5

Investments

2024
£

2023
£

Investments in subsidiaries

70,153

70,153

Subsidiaries

£

Cost or valuation

At 1 August 2023

70,153

Provision

Carrying amount

At 31 July 2024

70,153

At 31 July 2023

70,153

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Geo. A. Scanlan & Son Limited

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Geo. A. Scanlan & Son Limited

The principal activity of Geo. A. Scanlan & Son Limited is Property rental.

 

Scanlans Holdings Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

11,490

9,493

Prepayments

486

-

Other debtors

300

300

 

12,276

9,793

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

5,607

5,606

Trade creditors

11,852

3,943

Taxation and social security

124

-

Owed by/(from) participating interests

381,220

375,662

Other creditors

61,650

38,578

460,453

423,789

Due after one year

Loans and borrowings

53,578

59,092