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REGISTERED NUMBER: 13379146 (England and Wales)















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: Mr S Mehta





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





REGISTERED NUMBER: 13379146 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
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 - 574,148
Investment property 5 2,924,248 -
2,924,248 574,148

CURRENT ASSETS
Debtors 6 1,071 300
Cash at bank 1,663 360
2,734 660
CREDITORS
Amounts falling due within one year 7 512,134 210,917
NET CURRENT LIABILITIES (509,400 ) (210,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,414,848

363,891

CREDITORS
Amounts falling due after more than one
year

8

1,834,883

375,270
NET ASSETS/(LIABILITIES) 579,965 (11,379 )

CAPITAL AND RESERVES
Called up share capital 200 1
Share premium 600,644 -
Retained earnings (20,879 ) (11,380 )
579,965 (11,379 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SCM CAPITAL LIMITED (REGISTERED NUMBER: 13379146)

BALANCE SHEET - continued
31 May 2024


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 19 February 2025 and were signed by:





Mr S Mehta - Director


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 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 as modified by the revaluation of certain assets.

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 1 (2023 - 1 ) .

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 574,148
Reclassification/transfer (574,148 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 574,148

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,350,000
Revaluations 100
Reclassification/transfer 574,148
At 31 May 2024 2,924,248
NET BOOK VALUE
At 31 May 2024 2,924,248

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 - 300
Other debtors 300 -
Prepayments and accrued income 771 -
1,071 300

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 - 12,967
Solicitors acquisition account - 8
Other creditors 304,117 1
Directors' current accounts 206,037 195,141
Accrued expenses 1,980 2,800
512,134 210,917

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,834,883 375,270

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.