Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12417218 2023-04-01 2024-03-31 12417218 2022-04-01 2023-03-31 12417218 2024-03-31 12417218 2023-03-31 12417218 c:Director1 2023-04-01 2024-03-31 12417218 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 12417218 d:FreeholdInvestmentProperty 2024-03-31 12417218 d:FreeholdInvestmentProperty 2023-03-31 12417218 d:CurrentFinancialInstruments 2024-03-31 12417218 d:CurrentFinancialInstruments 2023-03-31 12417218 d:Non-currentFinancialInstruments 2024-03-31 12417218 d:Non-currentFinancialInstruments 2023-03-31 12417218 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12417218 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12417218 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12417218 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12417218 d:ShareCapital 2024-03-31 12417218 d:ShareCapital 2023-03-31 12417218 d:OtherMiscellaneousReserve 2024-03-31 12417218 d:OtherMiscellaneousReserve 2023-03-31 12417218 d:RetainedEarningsAccumulatedLosses 2024-03-31 12417218 d:RetainedEarningsAccumulatedLosses 2023-03-31 12417218 c:FRS102 2023-04-01 2024-03-31 12417218 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12417218 c:FullAccounts 2023-04-01 2024-03-31 12417218 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12417218 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 12417218







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


SCAC PROPERTIES LIMITED






































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SCAC PROPERTIES LIMITED
REGISTERED NUMBER:12417218



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
540,472
403,000

  
540,472
403,000

Current assets
  

Cash at bank and in hand
  
5,055
4,304

  
5,055
4,304

Creditors: amounts falling due within one year
 5 
(157,297)
(13,846)

Net current liabilities
  
 
 
(152,242)
 
 
(9,542)

Total assets less current liabilities
  
388,230
393,458

Creditors: amounts falling due after more than one year
  
(251,829)
(278,624)

Provisions for liabilities
  

Deferred tax
  
(24,013)
(24,013)

  
 
 
(24,013)
 
 
(24,013)

Net assets
  
112,388
90,821


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
72,041
72,041

Profit and loss account
  
40,247
18,680

  
112,388
90,821


Page 1

 


SCAC PROPERTIES LIMITED
REGISTERED NUMBER:12417218


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D C Crossan
Director

Date: 16 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SCAC PROPERTIES LIMITED
 


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

1.


General information

SCAC Properties 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of
sales made during the year.

  
2.3

Revenue recognition

Rental income is recognised in the income statement on a straight line basis over the year in which the rental relates.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


SCAC PROPERTIES LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
403,000


Additions at cost
137,472



At 31 March 2024
540,472

The 2024 valuations were made by the director, on an open market value for existing use basis.




Page 4

 


SCAC PROPERTIES LIMITED
 


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

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
8,633

Amounts owed to connected companies
145,000
-

Corporation tax
6,501
4,613

Other creditors
196
-

Accruals and deferred income
600
600

157,297
13,846



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
152,685
154,052

Other creditors
99,144
124,572

251,829
278,624


The following liabilities were secured:

2024
2023
£
£



Bank loan
121,435
121,435

121,435
121,435

Details of security provided:

The bank loan is secured by a fixed and floating charge over the company's assets.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2024
2023
£
£


Repayable by instalments
6,250
11,250

Repayable other than by instalments
121,435
121,435

127,685
132,685

Please provide details of the terms of payment or repayment and the rates of any interest payable on the amounts repayable more than five years after the reporting date.

Page 5

 


SCAC PROPERTIES LIMITED
 


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

7.


Related party transactions

At the balance sheet date, the company owed £145,000 (2022:£0) to related parties. This balance is interest-free.

 
Page 6