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Company Registration No. 09593287 (England and Wales)
SCM UK PROPERTIES LIMITED Unaudited accounts for the year ended 31 March 2024
SCM UK PROPERTIES LIMITED Unaudited accounts Contents
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SCM UK PROPERTIES LIMITED Company Information for the year ended 31 March 2024
Director
Rosie Chalmers
Company Number
09593287 (England and Wales)
Registered Office
59 LEIGHTON ROAD LONDON NW5 2QH ENGLAND
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SCM UK PROPERTIES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,035 
- 
Investment property
1,829,202 
770,000 
1,831,237 
770,000 
Current assets
Debtors
(8,331)
109,089 
Cash at bank and in hand
4,555 
171,793 
(3,776)
280,882 
Creditors: amounts falling due within one year
(741)
(2,811)
Net current (liabilities)/assets
(4,517)
278,071 
Total assets less current liabilities
1,826,720 
1,048,071 
Creditors: amounts falling due after more than one year
(1,814,807)
(1,280,880)
Net assets/(liabilities)
11,913 
(232,809)
Capital and reserves
Called up share capital
275,200 
100 
Revaluation reserve
(9,264)
(8,153)
Profit and loss account
(254,023)
(224,756)
Shareholders' funds
11,913 
(232,809)
For the year ending 31 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 18 March 2025 and were signed on its behalf by
Rosie Chalmers Director Company Registration No. 09593287
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SCM UK PROPERTIES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SCM UK PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09593287. The registered office is 59 LEIGHTON ROAD, LONDON, NW5 2QH, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 25% Straight line Computers 100% Straight line Motor vehicles 20% Reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure . Subsequently, it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. [Property rented to a group entity is accounted for as tangible fixed assets.]
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SCM UK PROPERTIES LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
12,428 
Additions
3,701 
At 31 March 2024
16,129 
Depreciation
At 1 April 2023
12,428 
Charge for the year
1,666 
At 31 March 2024
14,094 
Net book value
At 31 March 2024
2,035 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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