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Registered number: 14537694










SCIENTIFIC INFRA & PRIVATE ASSETS (EUROPE) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SCIENTIFIC INFRA & PRIVATE ASSETS (EUROPE) LIMITED
REGISTERED NUMBER: 14537694

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
539,827
584,557

Cash at bank and in hand
  
615,402
439,682

  
1,155,229
1,024,239

Creditors: amounts falling due within one year
 5 
(1,020,244)
(932,150)

Net current assets
  
 
 
134,985
 
 
92,089

  

Net assets
  
134,985
92,089


Capital and reserves
  

Called up share capital 
 6 
50,000
50,000

Profit and loss account
  
84,985
42,089

  
134,985
92,089


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




F Blanc-Brude
Director

Date: 31 March 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
SCIENTIFIC INFRA & PRIVATE ASSETS (EUROPE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Scientific Infra & Private Assets (Europe) Limited is a private company, limited by shares, incorporated in England and Wales within the United Kingdom. The registered address is 10 Fleet Place, London, United Kingdom, EC4M 7RB.
The accounts of the company has been prepared for the 12 months to 31 December 2024 and comparatives are for the period from 13 December 2022 to 31 December 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in pounds sterling, the functional currency of the company, and rounded to the nearest £1.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover represents management fees and recharge of costs.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 2

 
SCIENTIFIC INFRA & PRIVATE ASSETS (EUROPE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023: 4).


4.


Debtors

2024
2023
£
£


Trade debtors
-
70,244

Other debtors
423
-

Prepayments and accrued income
539,404
514,313

539,827
584,557


Page 3

 
SCIENTIFIC INFRA & PRIVATE ASSETS (EUROPE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,379
7,274

Corporation tax
14,505
13,000

Other taxation and social security
11,803
21,827

Other creditors
869,417
800,000

Accruals and deferred income
121,140
90,049

1,020,244
932,150



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) Ordinary shares of £1.00 each
50,000
50,000



7.


Controlling party

The parent company is Scientific Infra and Private Assets Pte Ltd, a company incorporated in Singapore. There is no controlling party.

 
Page 4