IRIS Accounts Production v24.3.2.46 OC443904 designated member 1.4.23 31.3.24 31.3.24 letting and operating of own or leased real estate 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4439042023-03-31OC4439042024-03-31OC4439042023-04-012024-03-31OC4439042022-09-15OC4439042022-09-162023-03-31OC4439042023-03-31OC443904ns15:EnglandWales2023-04-012024-03-31OC443904ns14:PoundSterling2023-04-012024-03-31OC443904ns10:PartnerLLP12023-04-012024-03-31OC443904ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC443904ns10:SmallEntities2023-04-012024-03-31OC443904ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC443904ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC443904ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC443904ns10:FullAccounts2023-04-012024-03-31OC443904ns10:PartnerLLP22023-04-012024-03-31OC443904ns10:RegisteredOffice2023-04-012024-03-31OC443904ns5:CurrentFinancialInstruments2024-03-31OC443904ns5:CurrentFinancialInstruments2023-03-31OC443904ns5:Non-currentFinancialInstruments2024-03-31OC443904ns5:Non-currentFinancialInstruments2023-03-31OC443904ns5:LandBuildings2023-03-31OC443904ns5:LandBuildings2024-03-31OC443904ns5:LandBuildings2023-03-31
REGISTERED NUMBER: OC443904 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

SCN PROPERTY GROUP LLP

SCN PROPERTY GROUP LLP (REGISTERED NUMBER: OC443904)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SCN PROPERTY GROUP LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: S Noun
Ms J Smirnova





REGISTERED OFFICE: Hawke House
Old Station Road
Loughton
Essex
IG10 4PL





REGISTERED NUMBER: OC443904 (England and Wales)





ACCOUNTANTS: Malshahz Accountants
27 Russell Road
Whetstone
London
N20 0TN

SCN PROPERTY GROUP LLP (REGISTERED NUMBER: OC443904)

Report of the Members
for the Year Ended 31 March 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

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

S Noun
Ms J Smirnova

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £70,267 (2023 - £56,598 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





S Noun - Designated member


29 January 2025

SCN PROPERTY GROUP LLP (REGISTERED NUMBER: OC443904)

Income Statement
for the Year Ended 31 March 2024

Period
16.9.22
Year Ended to
31.3.24 31.3.23
£    £   

TURNOVER 349,237 196,704

Distribution costs (324 ) (2,116 )
Administrative expenses (123,732 ) (55,473 )
OPERATING PROFIT 225,181 139,115


Interest payable and similar expenses (154,914 ) (82,517 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




70,267




56,598

SCN PROPERTY GROUP LLP (REGISTERED NUMBER: OC443904)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,883,415 4,883,415

CURRENT ASSETS
Cash at bank 6,934 10,525

CREDITORS
Amounts falling due within one year 5 (23,400 ) (900 )
NET CURRENT (LIABILITIES)/ASSETS (16,466 ) 9,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,866,949

4,893,040

CREDITORS
Amounts falling due after more than one
year

6

(4,286,700

)

(4,286,700

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

580,249

606,340

LOANS AND OTHER DEBTS DUE TO
MEMBERS

580,249

606,340

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 580,249 606,340

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 year 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.

SCN PROPERTY GROUP LLP (REGISTERED NUMBER: OC443904)

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 29 January 2025 and were signed by:





S Noun - Designated member

SCN PROPERTY GROUP LLP (REGISTERED NUMBER: OC443904)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Scn Property Group 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 comprises the fair value of rental income received or receivable in the ordinary course of the . The company's activities recognises revenue on a straight line basis over the term of the lease agreement.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 4,883,415
NET BOOK VALUE
At 31 March 2024 4,883,415
At 31 March 2023 4,883,415

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 23,400 900

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 4,286,700 4,286,700