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SCY GLOBAL VENTURES LTD

Registered Number
15370486
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

SCY GLOBAL VENTURES LTD
Company Information
for the period from 27 December 2023 to 31 December 2024

Director

YILMAZ, Sahin Cenk

Registered Address

Aa House 43 27 Old Gloucester Street
London
WC1N 3AX

Registered Number

15370486 (England and Wales)
SCY GLOBAL VENTURES LTD
Balance Sheet as at
31 December 2024

Notes

2024

£

£

Fixed assets
Tangible assets31,125
1,125
Current assets
Cash at bank and on hand1,740
1,740
Creditors amounts falling due within one year(22,695)
Net current assets (liabilities)(20,955)
Total assets less current liabilities(19,830)
Net assets(19,830)
Capital and reserves
Called up share capital100
Profit and loss account(19,930)
Shareholders' funds(19,830)
The financial statements were approved and authorised for issue by the Director on 3 February 2025, and are signed on its behalf by:
YILMAZ, Sahin Cenk
Director
Registered Company No. 15370486
SCY GLOBAL VENTURES LTD
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

2024
Average number of employees during the year0
3.Tangible fixed assets

Total

£
Cost or valuation
Additions1,500
At 31 December 241,500
Depreciation and impairment
Charge for year375
At 31 December 24375
Net book value
At 31 December 241,125
At 26 December 23-