2 2 Scram Properties Limited 13118704 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13118704 2023-02-01 2024-01-31 13118704 2024-01-31 13118704 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13118704 core:Non-currentFinancialInstruments 2024-01-31 13118704 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 13118704 bus:SmallEntities 2023-02-01 2024-01-31 13118704 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13118704 bus:FilletedAccounts 2023-02-01 2024-01-31 13118704 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13118704 bus:RegisteredOffice 2023-02-01 2024-01-31 13118704 bus:Director1 2023-02-01 2024-01-31 13118704 bus:Director2 2023-02-01 2024-01-31 13118704 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13118704 bus:Agent1 2023-02-01 2024-01-31 13118704 countries:EnglandWales 2023-02-01 2024-01-31 13118704 2023-01-31 13118704 2022-02-01 2023-01-31 13118704 2023-01-31 13118704 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13118704 core:Non-currentFinancialInstruments 2023-01-31 13118704 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 xbrli:pure iso4217:GBP

Registration number: 13118704

Scram Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Scram Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Scram Properties Limited

Company Information

Directors

Mr C Laing

Mrs A C Laing

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified AccountantsFawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Scram Properties Limited

(Registration number: 13118704)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

361,259

361,259

Current assets

 

Cash at bank and in hand

 

1,367

2,644

Creditors: Amounts falling due within one year

5

(158,283)

(150,984)

Net current liabilities

 

(156,916)

(148,340)

Total assets less current liabilities

 

204,343

212,919

Creditors: Amounts falling due after more than one year

5

(225,079)

(224,950)

Net liabilities

 

(20,736)

(12,031)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(20,836)

(12,131)

Shareholders' deficit

 

(20,736)

(12,031)

For the financial year ending 31 January 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 January 2025 and signed on its behalf by:
 

.........................................
Mr C Laing
Director

 

Scram Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the Board on 7 January 2025.

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.

Going concern

The company's balance sheet shows an insolvent position at the balance sheet date. The directors have arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly considers that the company is a going concern and the financial statements have been perpared on this basis.

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.

Investment property

Investment property is carried at fair value determined annually by the director. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

 

Scram Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 February

361,259

At 31 January

361,259

The investment properties were valued on an open market basis on 31 January 2022 but the directors of the company. The open market value is considered to be equal to the purchase price of the properties.

There has been no valuation of investment property by an independent valuer.

 

Scram Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,320

361

Accruals and deferred income

1,970

3,170

Other creditors

154,993

147,453

158,283

150,984

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

225,079

224,950

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

225,079

224,950