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Registered number: 12341162
Scafell Property Co Ltd
Unaudited Financial Statements
For The Year Ended 29 November 2023
Michael Fenton & Co Limited
Chartered Accountants
The Old Vicarage
Church Street, Baslow
Bakewell
DE45 1RY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12341162
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 464,632 464,632
464,632 464,632
CURRENT ASSETS
Cash at bank and in hand 285 2,348
285 2,348
Creditors: Amounts Falling Due Within One Year 5 (197,939 ) (160,248 )
NET CURRENT ASSETS (LIABILITIES) (197,654 ) (157,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES 266,978 306,732
Creditors: Amounts Falling Due After More Than One Year 6 (333,775 ) (344,050 )
NET LIABILITIES (66,797 ) (37,318 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (66,798 ) (37,319 )
SHAREHOLDERS' FUNDS (66,797) (37,318)
Page 1
Page 2
For the year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Oliver Bloor
Director
22/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Scafell Property Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12341162 . The registered office is 26 Farnley Road, Balby, Doncaster, DN4 8TS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2022 464,632
As at 29 November 2023 464,632
Net Book Value
As at 29 November 2023 464,632
As at 1 December 2022 464,632
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 5,998 5,998
Other creditors 129,516 129,516
Accruals and deferred income 2,000 1,000
Director's loan account 60,425 23,734
197,939 160,248
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 333,775 344,050
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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