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REGISTERED NUMBER: 07515511 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

S & CR PROPERTY LIMITED

S & CR PROPERTY LIMITED (REGISTERED NUMBER: 07515511)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S & CR PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: S Roitenbarg





REGISTERED OFFICE: 1 Ferndale Road
London
N15 6UF





REGISTERED NUMBER: 07515511 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

S & CR PROPERTY LIMITED (REGISTERED NUMBER: 07515511)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investment property 4 2,848,685 1,865,032

CURRENT ASSETS
Debtors 5 431,436 266,826
Cash at bank 40,972 157,687
472,408 424,513
CREDITORS
Amounts falling due within one year 6 (708,813 ) (333,393 )
NET CURRENT (LIABILITIES)/ASSETS (236,405 ) 91,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,612,280

1,956,152

CREDITORS
Amounts falling due after more than one
year

7

(2,268,115

)

(1,612,948

)

PROVISIONS FOR LIABILITIES (43,000 ) (43,000 )
NET ASSETS 301,165 300,204

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 301,164 300,203
SHAREHOLDERS' FUNDS 301,165 300,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

S & CR PROPERTY LIMITED (REGISTERED NUMBER: 07515511)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 28 November 2024 and were signed by:





S Roitenbarg - Director


S & CR PROPERTY LIMITED (REGISTERED NUMBER: 07515511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

S & Cr 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.

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


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 represents net rent receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

S & CR PROPERTY LIMITED (REGISTERED NUMBER: 07515511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,865,032
Additions 983,653
At 29 February 2024 2,848,685
NET BOOK VALUE
At 29 February 2024 2,848,685
At 28 February 2023 1,865,032

The director has confirmed that there is no significant increase or decrease in the property market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 431,436 266,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 6,692 8,155
Other creditors 697,863 322,000
Directors' current accounts 1,788 1,788
Accrued expenses 2,470 1,450
708,813 333,393

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yrs non-inst 2,231,872 1,570,495
Other loans - 2-5 years 36,243 42,453
2,268,115 1,612,948

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,231,872 1,570,495

S & CR PROPERTY LIMITED (REGISTERED NUMBER: 07515511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 2,231,872 1,570,495

1.Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £36,243 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 March 2023 300,203
Profit for the year 961
At 29 February 2024 301,164

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Roitenbarg.