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REGISTERED NUMBER: 08326356 (England and Wales)















SCR.Property Investments Ltd

Unaudited Financial Statements for the Year Ended 31st March 2024






SCR.Property Investments Ltd (Registered number: 08326356)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCR.Property Investments Ltd

Company Information
for the year ended 31st March 2024







DIRECTOR: S C Ross



REGISTERED OFFICE: 8, Blandfield Road
London
SW12 8BG



REGISTERED NUMBER: 08326356 (England and Wales)



ACCOUNTANTS: The Decimal Place
8 Blandfield Road
London
SW12 8BG



BANKERS: Metro Bank

SCR.Property Investments Ltd (Registered number: 08326356)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,265,040 1,261,857

CURRENT ASSETS
Debtors 5 1,500 43,592
Cash at bank 60 1,840
1,560 45,432
CREDITORS
Amounts falling due within one
year

6

450,212

825,448
NET CURRENT LIABILITIES (448,652 ) (780,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

816,388

481,841

CREDITORS
Amounts falling due after more than
one year

7

805,602

473,357
NET ASSETS 10,786 8,484

SCR.Property Investments Ltd (Registered number: 08326356)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 10,686 8,384
SHAREHOLDERS' FUNDS 10,786 8,484

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th October 2024 and were signed by:





S C Ross - Director


SCR.Property Investments Ltd (Registered number: 08326356)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

SCR.Property Investments Ltd 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

SCR.Property Investments Ltd (Registered number: 08326356)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,261,857
Additions 3,183
At 31st March 2024 1,265,040
NET BOOK VALUE
At 31st March 2024 1,265,040
At 31st March 2023 1,261,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Other debtors 1,500 39,271
Directors' current accounts - 2,701
Deferred tax asset - 1,620
1,500 43,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) -
Amounts owed to group undertakings 437,251 822,534
Tax 1,664 1,124
Directors' current accounts 8,307 -
Accruals and deferred income 2,991 1,790
450,212 825,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Mortgage loans 805,602 473,257
Amounts owed to participating interests - 100
805,602 473,357

SCR.Property Investments Ltd (Registered number: 08326356)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage loans 805,602 473,257

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1st April 2023 8,384
Profit for the year 2,302
At 31st March 2024 10,686

10. ULTIMATE CONTROLLING PARTY

The controlling party is S C Ross.

The company is a 100% owned subsidiary of SCR Tenens Ltd which is itself owned by Mr S.C.Ross.