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REGISTERED NUMBER: 14247592 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

SCARBOROUGH ROAD LTD

SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCARBOROUGH ROAD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr Jonathan Truelove





REGISTERED OFFICE: The Office
15 West Avenue
Filey
North Yorkshire
YO14 9AA





REGISTERED NUMBER: 14247592 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 210,000 177,689

CURRENT ASSETS
Debtors 5 3,400 1,500
Cash at bank 2,118 8,613
5,518 10,113
CREDITORS
Amounts falling due within one year 6 215,400 206,135
NET CURRENT LIABILITIES (209,882 ) (196,022 )
TOTAL ASSETS LESS CURRENT LIABILITIES 118 (18,333 )

PROVISIONS FOR LIABILITIES 4,845 -
NET LIABILITIES (4,727 ) (18,333 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 20,657 -
Retained earnings (25,385 ) (18,334 )
SHAREHOLDERS' FUNDS (4,727 ) (18,333 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:



Mr Jonathan Truelove - Director


SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Scarborough Road 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 as modified by the revaluation of certain assets.

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
The investment property is property held to earn rentals or for capital appreciation or both.

The investment property is initially measured at cost, including transactional costs. Subsequently the investment property whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of the investment property are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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).

SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2023 177,689
Additions 6,809
Revaluations 25,502
At 31 July 2024 210,000
NET BOOK VALUE
At 31 July 2024 210,000
At 31 July 2023 177,689

Cost or valuation at 31 July 2024 is represented by:
£   
Valuation in 2024 25,502
Cost 184,498
210,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,400 1,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 204,525 204,525
Other creditors 10,875 1,610
215,400 206,135

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 204,525 204,525

The bank borrowings included in creditors due within one year are secured by a first legal charge over the freehold investment property.

SCARBOROUGH ROAD LTD (REGISTERED NUMBER: 14247592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. RESERVES
Fair
value
reserve
£   
Deferred tax (4,845 )
Revaluation 25,502

At 31 July 2024 20,657

9. RELATED PARTY DISCLOSURES

Included within debtors due within one year is £1,700 owed by Centurion York Ltd and £1,700 owed by Truelove Properties Limited, both are connected companies. The loans are deemed to be repayable on demand and no interest has been charged by the company on the amounts outstanding.