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REGISTERED NUMBER: 11378491 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SCALISCRO ESTATES LIMITED

SCALISCRO ESTATES LIMITED (REGISTERED NUMBER: 11378491)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCALISCRO ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: N A Clarke
N M Davis





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 11378491 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

SCALISCRO ESTATES LIMITED (REGISTERED NUMBER: 11378491)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,401,745 6,247,425

CURRENT ASSETS
Stocks 7,400 3,000
Debtors 5 488,710 693,212
Cash at bank and in hand 109,951 194,900
606,061 891,112
CREDITORS
Amounts falling due within one year 6 733,985 25,854
NET CURRENT (LIABILITIES)/ASSETS (127,924 ) 865,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,273,821

7,112,683

CREDITORS
Amounts falling due after more than one
year

7

12,788,050

8,683,817
NET LIABILITIES (1,514,229 ) (1,571,134 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,514,231 ) (1,571,136 )
(1,514,229 ) (1,571,134 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

SCALISCRO ESTATES LIMITED (REGISTERED NUMBER: 11378491)

BALANCE SHEET - continued
30TH APRIL 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 Board of Directors and authorised for issue on 27th January 2025 and were signed on its behalf by:





N A Clarke - Director


SCALISCRO ESTATES LIMITED (REGISTERED NUMBER: 11378491)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Scaliscro Estates 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.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised over the period to which it relates.

Income from carbon offset projects is recognised when the conditions have been met to allow carbon offsetting to commence.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Assets in the course of construction - nil
Land and buildings - nil and 2% on cost
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

SCALISCRO ESTATES LIMITED (REGISTERED NUMBER: 11378491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 6,297,343 241,718 6,539,061
Additions 5,095,926 122,512 5,218,438
At 30th April 2024 11,393,269 364,230 11,757,499
DEPRECIATION
At 1st May 2023 76,266 215,370 291,636
Charge for year 16,055 48,063 64,118
At 30th April 2024 92,321 263,433 355,754
NET BOOK VALUE
At 30th April 2024 11,300,948 100,797 11,401,745
At 30th April 2023 6,221,077 26,348 6,247,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,567 37,487
Other debtors 482,143 655,725
488,710 693,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 726,264 18,299
Taxation and social security 1,638 1,755
Other creditors 6,083 5,800
733,985 25,854

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 12,788,050 8,683,817

SCALISCRO ESTATES LIMITED (REGISTERED NUMBER: 11378491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other creditors 12,788,049 8,683,817

The long term loans provided by Razzmatazz Estates Limited and Curzon International Investments Limited are secured against the property owned by Scaliscro Estates Limited. A further loan from Curzon International Investments Ltd is secured by way of a charge over income.

9. RELATED PARTY DISCLOSURES

The immediate and ultimate parent of the company is Salkeld Ltd and the ultimate controlling party is Mr N Clarke, a director of the company.

All transactions with related parties are made at normal market prices. Except for the transactions listed below, there have been no transactions with related parties who are not members of the group during the year ended 30 April 2024.

The company incurred expenses totalling £94,614 (2023: £636,041) on behalf of the director Mr N Clarke who owed the company £nil (2023: £636,041) at the year end. Interest of £12,534 (2023: £9,148) was charged to Mr N Clarke during the period.

The company entered into transactions totalling £3,628,871 (2023: £3,260,179) with Curzon International Investments Ltd, which is under the control of Mr N Clarke, a director of the company, owing £6,889,049 at the year end.

The company entered into transactions totalling £250,000 (2023: £nil) with Curzon Aviation Ltd, which is under the control of Mr N Clarke, a director of the company, owing £250,000 at the year end.

10. POST BALANCE SHEET EVENTS

Since the balance sheet date, the company has issued 95,211 ordinary shares of £1 each to related parties at a total premium of £9,426,000.90. Consideration for the shares has been satisfied by way of cancellation of outstanding loan notes equal to the balance due at 30th September 2024.