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REGISTERED NUMBER: 00115108 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

J Scadding & Son Property Limited

J Scadding & Son Property Limited (Registered number: 00115108)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J Scadding & Son Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P G Scadding
Mr C J Hunt
Mrs M A Scadding
Mrs B E Whitlock



SECRETARY: Mrs B E Whitlock



REGISTERED OFFICE: Crown Sawmills
Eugene Street
St Judes
Bristol
City of Bristol
BS5 0TW



REGISTERED NUMBER: 00115108 (England and Wales)



ACCOUNTANTS: Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY



BANKERS: HSBC Bank plc
62 George Street
Cabot Circus
Bristol
BS1 3BA



SOLICITORS: Neath Raisbeck Golding Law
Kestrel Court
Harbour Road
Portishead
Bristol
BS20 7AN

J Scadding & Son Property Limited (Registered number: 00115108)

Balance Sheet
31 March 2024

31.3.24 31.3.23
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,131 6,441
Investments 5 1,001 1,001
6,132 7,442

CURRENT ASSETS
Debtors 6 4,044,430 4,039,189
Cash at bank 28,777 62,318
4,073,207 4,101,507
CREDITORS
Amounts falling due within one year 7 (22,716 ) (1,056 )
NET CURRENT ASSETS 4,050,491 4,100,451
TOTAL ASSETS LESS CURRENT LIABILITIES 4,056,623 4,107,893

PROVISIONS FOR LIABILITIES (720,875 ) (721,124 )
NET ASSETS 3,335,748 3,386,769

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Other reserves 9 16,917 16,917
Retained earnings 9 3,308,831 3,359,852
SHAREHOLDERS' FUNDS 3,335,748 3,386,769

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:




Mr P G Scadding - Director


J Scadding & Son Property Limited (Registered number: 00115108)

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

1. STATUTORY INFORMATION

J Scadding & Son Property 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 6,550
DEPRECIATION
At 1 April 2023 109
Charge for year 1,310
At 31 March 2024 1,419
NET BOOK VALUE
At 31 March 2024 5,131
At 31 March 2023 6,441

J Scadding & Son Property Limited (Registered number: 00115108)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,001
NET BOOK VALUE
At 31 March 2024 1,001
At 31 March 2023 1,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Other debtors 4,029,362 4,028,610
VAT 9,882 5,547
Prepayments 5,186 5,032
4,044,430 4,039,189

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade creditors 18,085 47
Other creditors 3,433 -
Accrued expenses 1,198 1,009
22,716 1,056

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: as restated
£    £   
9,000 Ordinary £1 9,000 9,000
1,000 Preference £1 1,000 1,000
10,000 10,000

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 3,359,852 16,917 3,376,769
Deficit for the year (11,021 ) (11,021 )
Dividends (40,000 ) (40,000 )
At 31 March 2024 3,308,831 16,917 3,325,748

J Scadding & Son Property Limited (Registered number: 00115108)

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

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.