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Company Registration No. 04388754 (England and Wales)
Scotchmoor Ltd Unaudited accounts for the year ended 30 March 2024
Scotchmoor Ltd Unaudited accounts Contents
Page
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Scotchmoor Ltd Company Information for the year ended 30 March 2024
Director
Mrs B Stroh
Secretary
Mr J Stroh
Company Number
04388754 (England and Wales)
Registered Office
25 Glaserton Road London N16 5QU
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Scotchmoor Ltd Statement of financial position as at 30 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
566 
Investment property
2,214,030 
2,214,030 
2,214,030 
2,214,596 
Current assets
Debtors
501,009 
505,264 
Cash at bank and in hand
4,396 
1,946 
505,405 
507,210 
Creditors: amounts falling due within one year
(63,376)
(57,971)
Net current assets
442,029 
449,239 
Total assets less current liabilities
2,656,059 
2,663,835 
Creditors: amounts falling due after more than one year
(1,992,299)
(2,001,878)
Net assets
663,760 
661,957 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
663,759 
661,956 
Shareholders' funds
663,760 
661,957 
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2024 and were signed on its behalf by
Mrs B Stroh Director Company Registration No. 04388754
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Scotchmoor Ltd Notes to the Accounts for the year ended 30 March 2024
1
Statutory information
Scotchmoor Ltd is a private company, limited by shares, registered in England and Wales, registration number 04388754. The registered office is 25 Glaserton Road, London, N16 5QU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Scotchmoor Ltd Notes to the Accounts for the year ended 30 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 31 March 2023
9,510 
At 30 March 2024
9,510 
Depreciation
At 31 March 2023
8,944 
Charge for the year
566 
At 30 March 2024
9,510 
Net book value
At 30 March 2024
- 
At 30 March 2023
566 
5
Investment property
2024 
£ 
Fair value at 31 March 2023
2,214,030 
At 30 March 2024
2,214,030 
The historical cost of the investment properties is £1,799,381 (2023: £1,799,381).
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,634 
10,657 
Accrued income and prepayments
2,172 
4,345 
Other debtors
487,203 
490,262 
501,009 
505,264 
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Scotchmoor Ltd Notes to the Accounts for the year ended 30 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
14,878 
14,877 
Taxes and social security
2,684 
2,084 
Other creditors
45,814 
41,010 
63,376 
57,971 
Included in Other creditors are amounts of £36,131 (2023: £32,649) owed to the director and companies with a director in common with the company.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,992,299 
2,001,878 
Bank loans are secured on the company's investment property.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Transactions with related parties
Other debtors includes amounts of £511,947 (2023: £513,542) owed by companies with a director in common with the company.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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