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REGISTERED NUMBER: 02627140 (England and Wales)



















SCOPEVILLE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






SCOPEVILLE LIMITED (REGISTERED NUMBER: 02627140)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SCOPEVILLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr B Z Rozner





REGISTERED OFFICE: 2 Jessam Avenue
London
E5 9DU





REGISTERED NUMBER: 02627140 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

SCOPEVILLE LIMITED (REGISTERED NUMBER: 02627140)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,469 1,632
Investment property 6 4,369,845 4,369,845
4,371,314 4,371,477

CURRENT ASSETS
Debtors 7 935,732 255,875
Cash at bank 3,068 19,832
938,800 275,707
CREDITORS
Amounts falling due within one year 8 216,748 182,626
NET CURRENT ASSETS 722,052 93,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,093,366

4,464,558

CREDITORS
Amounts falling due after more than one
year

9

(661,863

)

(39,352

)

PROVISIONS FOR LIABILITIES 11 (618,046 ) (618,046 )
NET ASSETS 3,813,457 3,807,160

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 12 1,986,290 1,986,290
Retained earnings 1,827,067 1,820,770
SHAREHOLDERS' FUNDS 3,813,457 3,807,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

SCOPEVILLE LIMITED (REGISTERED NUMBER: 02627140)

BALANCE SHEET - continued
31 OCTOBER 2023


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 5 March 2025 and were signed by:





Mr B Z Rozner - Director


SCOPEVILLE LIMITED (REGISTERED NUMBER: 02627140)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Scopeville 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, 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. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.


SCOPEVILLE LIMITED (REGISTERED NUMBER: 02627140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 4,830
DEPRECIATION
At 1 November 2022 3,198
Charge for year 163
At 31 October 2023 3,361
NET BOOK VALUE
At 31 October 2023 1,469
At 31 October 2022 1,632

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 4,369,845
NET BOOK VALUE
At 31 October 2023 4,369,845
At 31 October 2022 4,369,845

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's director who has the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location.

The historical cost of investment properties at 31 October 2023 is £1,765,508.

SCOPEVILLE LIMITED (REGISTERED NUMBER: 02627140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,634 137,634
Other debtors 798,098 118,241
935,732 255,875

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 7,669
Taxation and social security 7,429 9,056
Other creditors 203,763 165,901
216,748 182,626

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 661,863 39,352

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years by
non-instalments

628,067

-

Repayable by instalments
Bank loans more than 5 years by
instalments

11,574

17,130

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 667,419 44,908

The bank loan is secured by a legal charge over the company's investment properties.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 618,046 618,046

SCOPEVILLE LIMITED (REGISTERED NUMBER: 02627140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 618,046
Balance at 31 October 2023 618,046

Deferred tax arises from the revaluation of investment properties.

12. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 31 October 2023 1,986,290

13. RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £712,598 (2022: £78,241) due from related companies under common control.

Other creditors include amounts aggregating £25,889 (2022: £105,600) due to a related company under common control.

14. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Scopeville Holdings Limited, a company incorporated in the United Kingdom.