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REGISTERED NUMBER: OC442861 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024

FOR

SCM CAP LLP

SCM CAP LLP (REGISTERED NUMBER: OC442861)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 July 2023 to 31 March 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SCM CAP LLP

GENERAL INFORMATION
For The Period 1 July 2023 to 31 March 2024







DESIGNATED MEMBERS: Mr S Mehta
Mr K K Mehta





REGISTERED OFFICE: 5 Clarence Gate
Woodford Green
Essex
IG8 8GN





REGISTERED NUMBER: OC442861 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

SCM CAP LLP (REGISTERED NUMBER: OC442861)

REPORT OF THE MEMBERS
For The Period 1 July 2023 to 31 March 2024


The members present their report with the financial statements of the LLP for the period 1 July 2023 to 31 March 2024.

CESSATION OF TRADING
The LLP ceased trading on 8 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of Property rental.

DESIGNATED MEMBERS
The designated members during the period under review were:

Mr S Mehta
Mr K K Mehta

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £14,794 (2023 - £715 profit).

MEMBERS' INTERESTS
The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at 'par', so the retiring members are repaid their capital at 'par'.

ON BEHALF OF THE MEMBERS:





Mr S Mehta - Designated member


30 January 2025

SCM CAP LLP (REGISTERED NUMBER: OC442861)

INCOME STATEMENT
For The Period 1 July 2023 to 31 March 2024

Period Period
1.7.23 28.6.22
to to
31.3.24 30.6.23
£    £   

REVENUE 26,921 52,347

Administrative expenses 7,978 21,956
OPERATING PROFIT 18,943 30,391


Interest payable and similar expenses 33,737 29,676
(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS




(14,794




)




715

SCM CAP LLP (REGISTERED NUMBER: OC442861)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - 2,350,000

CURRENT ASSETS
Debtors 2,716 -

CREDITORS
Amounts falling due within one year 5 2,716 1,200
NET CURRENT LIABILITIES - (1,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

2,348,800

CREDITORS
Amounts falling due after more than one
year

6

-

2,341,498
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

7,302

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

7,302

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members - 7,302
Amounts due from members (2,716 ) -
(2,716 ) 7,302

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

SCM CAP LLP (REGISTERED NUMBER: OC442861)

BALANCE SHEET - continued
31 March 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:





Mr S Mehta - Designated member

SCM CAP LLP (REGISTERED NUMBER: OC442861)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 July 2023 to 31 March 2024


1. STATUTORY INFORMATION

SCM Cap LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the net value of rents receivable in the accounting period.

3. EMPLOYEE INFORMATION

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

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 July 2023 2,350,000
Disposals (2,350,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 30 June 2023 2,350,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 2,716 1,200

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Loans - 1,440,754
Deferred Consideration - 900,744
- 2,341,498