REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2024 |
FOR |
SCALISCRO ESTATES LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Additions |
At 30th April 2024 |
DEPRECIATION |
At 1st May 2023 |
Charge for year |
At 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
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. |