REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
SCM CAPITAL LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
SCM CAPITAL LIMITED |
SCM CAPITAL LIMITED (REGISTERED NUMBER: 13379146) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 May 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SCM CAPITAL LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 May 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
111 Charterhouse Street |
London |
EC1M 6AW |
SCM CAPITAL LIMITED (REGISTERED NUMBER: 13379146) |
BALANCE SHEET |
31 May 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
( |
) |
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. |
SCM CAPITAL LIMITED (REGISTERED NUMBER: 13379146) |
BALANCE SHEET - continued |
31 May 2024 |
The financial statements were approved by the director and authorised for issue on |
SCM CAPITAL LIMITED (REGISTERED NUMBER: 13379146) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 May 2024 |
1. | STATUTORY INFORMATION |
SCM Capital Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Land has an unlimited useful life and, therefore, is not depreciated. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SCM CAPITAL LIMITED (REGISTERED NUMBER: 13379146) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 May 2024 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Land and |
buildings |
£ |
COST |
At 1 June 2023 |
Reclassification/transfer | ( |
) |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | 100 |
Reclassification/transfer | 574,148 |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
Fair value at 31 May 2024 is represented by: |
£ |
Valuation in 2024 | 100 |
Cost | 2,924,148 |
2,924,248 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
SCM CAPITAL LIMITED (REGISTERED NUMBER: 13379146) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 May 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Solicitors acquisition account | - | 8 |
Other creditors |
Directors' current accounts | 206,037 | 195,141 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
9. | BONUS ISSUE OF SHARES IN SCM CAPITAL LIMITED |
During the year, the company made a bonus issue of 99 ordinary shares for each 1 ordinary share held. |