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REGISTERED NUMBER: SC250551 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

121 SC Limited

121 SC Limited (Registered number: SC250551)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


121 SC Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Carter
Mrs J Carter





REGISTERED OFFICE: Sundarkoti
Bruntland Place
Portlethen
Aberdeen
AB12 4QL





REGISTERED NUMBER: SC250551 (Scotland)





ACCOUNTANTS: Anne McLennan
Landfall
Findon
Portlethen
Aberdeenshire
AB12 3RL

121 SC Limited (Registered number: SC250551)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 786 12,997

CURRENT ASSETS
Cash at bank 12,051 10,580

CREDITORS
Amounts falling due within one year 5 687 9,882
NET CURRENT ASSETS 11,364 698
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,150

13,695

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,148 13,693
SHAREHOLDERS' FUNDS 12,150 13,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





S Carter - Director


121 SC Limited (Registered number: SC250551)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

121 SC Limited is a private company, limited by shares , registered in Scotland. 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.

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.

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 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS

30.6.24 30.6.23
£    £   
Other investments not loans 786 12,997

121 SC Limited (Registered number: SC250551)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Listed Other
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 2,367 9,626 11,993
Additions - 775 775
Disposals (2,367 ) (10,159 ) (12,526 )
Revaluations - 544 544
At 30 June 2024 - 786 786
NET BOOK VALUE
At 30 June 2024 - 786 786
At 30 June 2023 2,367 9,626 11,993

Cost or valuation at 30 June 2024 is represented by:

Listed Other
investments investments Totals
£    £    £   
Valuation in 2018 (11,834 ) - (11,834 )
Valuation in 2019 (4,870 ) - (4,870 )
Valuation in 2020 (6,664 ) (44,714 ) (51,378 )
Valuation in 2021 (1,640 ) (16,372 ) (18,012 )
Valuation in 2022 105 (821 ) (716 )
Valuation in 2023 (1,038 ) (9,214 ) (10,252 )
Valuation in 2024 (2,367 ) 544 (1,823 )
Cost 28,308 71,363 99,671
- 786 786

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Investment acc cash balance - 1,004

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 687 9,882

Included in other creditors at 30.06.23 is a loan due to the directors of £9,281. This loan was repaid in full during the current year.

6. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling parties.