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REGISTERED NUMBER: 11155949 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SCOLTOCK RAY LIMITED

SCOLTOCK RAY LIMITED (REGISTERED NUMBER: 11155949)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SCOLTOCK RAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr D Roberts
Mrs R Roberts





REGISTERED OFFICE: 2 St. Michaels Fields
Stamford
Lincolnshire
PE9 2GB





REGISTERED NUMBER: 11155949 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

SCOLTOCK RAY LIMITED (REGISTERED NUMBER: 11155949)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,201 41,449
Investments 5 1,023,012 -
1,054,213 41,449

CURRENT ASSETS
Debtors 118,157 -
Cash at bank 172,132 897
290,289 897
CREDITORS
Amounts falling due within one year 1,057,149 17,175
NET CURRENT LIABILITIES (766,860 ) (16,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,353

25,171

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 287,253 25,071
SHAREHOLDERS' FUNDS 287,353 25,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 January 2025 and were signed on its behalf by:





Mr D Roberts - Director


SCOLTOCK RAY LIMITED (REGISTERED NUMBER: 11155949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Scoltock Ray 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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the development and sale of land and property is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Turnover from the rental of property is recognised on a straight line basis over the period of hire.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in associates
Investments in associates are accounted for at the transaction price less impairment in the financial statements.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences..

3. EMPLOYEES AND DIRECTORS

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

SCOLTOCK RAY LIMITED (REGISTERED NUMBER: 11155949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 92,257
DEPRECIATION
At 1 February 2023 50,808
Charge for year 10,248
At 31 January 2024 61,056
NET BOOK VALUE
At 31 January 2024 31,201
At 31 January 2023 41,449

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 1,023,012
At 31 January 2024 1,023,012
NET BOOK VALUE
At 31 January 2024 1,023,012

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

ROBELIA LIMITED
Registered office: United Kingdom
Nature of business: Buying and selling of own real estate
%
Class of shares: holding
ORDINARY 50.00
28/2/24 31/3/23
£    £   
Aggregate capital and reserves 119,704 861,847
(Loss)/profit for the period/year (421,579 ) 385,169

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
100 100