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
SCS STUDENT PROPERTIES LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
4,228
4,475
Investment property
1,005,314
922,770
Cash at bank and in hand
8,057
2,598
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)
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
SCS STUDENT PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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 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.
SCS STUDENT PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 September 2023
922,770
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.
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
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
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).