1 September 2023 false No description of principal activity Taxfiler 2024.6 12404145business:PrivateLimitedCompanyLtd2023-09-012024-08-31 124041452023-08-31 124041452023-09-012024-08-31 12404145business:AuditExemptWithAccountantsReport2023-09-012024-08-31 12404145business:FilletedAccounts2023-09-012024-08-31 124041452024-08-31 124041452023-08-31 12404145core:WithinOneYear2024-08-31 12404145core:WithinOneYear2023-08-31 12404145core:AfterOneYear2024-08-31 12404145core:AfterOneYear2023-08-31 12404145core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 12404145core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12404145core:RevaluationReservecore:PreviouslyStatedAmount2024-08-31 12404145core:RevaluationReservecore:PreviouslyStatedAmount2023-08-31 12404145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 12404145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12404145core:PreviouslyStatedAmount2024-08-31 12404145core:PreviouslyStatedAmount2023-08-31 12404145business:SmallEntities2023-09-012024-08-31 12404145business:Director12023-09-012024-08-31 12404145countries:EnglandWales2023-09-012024-08-31 12404145business:RegisteredOffice2023-09-012024-08-31 12404145core:FurnitureFittings2023-09-012024-08-31 12404145core:FurnitureFittings2023-08-31 12404145core:FurnitureFittings2024-08-31 124041452022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 12404145 (England and Wales)
SCS STUDENT PROPERTIES LIMITED Unaudited accounts for the year ended 31 August 2024
SCS STUDENT PROPERTIES LIMITED Unaudited accounts Contents
Page
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SCS STUDENT PROPERTIES LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,228 
4,475 
Investment property
1,005,314 
922,770 
1,009,542 
927,245 
Current assets
Debtors
(248)
(248)
Cash at bank and in hand
8,057 
2,598 
7,809 
2,350 
Creditors: amounts falling due within one year
(1,778)
- 
Net current assets
6,031 
2,350 
Total assets less current liabilities
1,015,573 
929,595 
Creditors: amounts falling due after more than one year
(957,633)
(874,659)
Provisions for liabilities
Deferred tax
(12,964)
(12,964)
Net assets
44,976 
41,972 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
55,267 
55,267 
Profit and loss account
(10,391)
(13,395)
Shareholders' funds
44,976 
41,972 
For the year ending 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by
Samuel Panday Director Company Registration No. 12404145
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SCS STUDENT PROPERTIES LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
SCS STUDENT PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12404145. The registered office is 85 BADEN ROAD, GILLINGHAM, ME7 1QZ, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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SCS STUDENT PROPERTIES LIMITED Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
9,663 
Additions
810 
At 31 August 2024
10,473 
Depreciation
At 1 September 2023
5,188 
Charge for the year
1,057 
At 31 August 2024
6,245 
Net book value
At 31 August 2024
4,228 
At 31 August 2023
4,475 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
922,770 
Additions
82,544 
At 31 August 2024
1,005,314 
As part of a re-mortgage application a valuation report was obtained on an investment property that was purchased in the previous financial year.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
(248)
(248)
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,778 
- 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
832,767 
675,404 
Loans from directors
124,866 
199,255 
957,633 
874,659 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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