Scarlet Pimpernel Cars Limited |
Registered Number:00458409 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Scarlet Pimpernel Cars Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Scarlet Pimpernel Cars Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
376,022
383,107
2
376,022
383,107
33,335
Cash and cash equivalents |
19,324
19,324
33,335
Trade and other payables: amounts falling due within |
one year |
(30,928)
(5,440)
3
2,407
13,884
Net current assets
Total assets less current liabilities |
389,906
385,514
(73,072)
(73,192)
Provisions for liabilities |
316,834
Net assets
312,322
10,000
10,000
395,666
395,666
(88,832)
(93,344)
316,834
312,322
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
1 of 4
For the year ended 31 December 2024
Scarlet Pimpernel Cars Limited
Statement of Financial Position Continued
Mr D J Cracknell Director |
These financial statements were approved and authorised for issue by the Board on 15 April 2025 and were signed by: |
The notes form part of these financial statements |
2 of 4
For the year ended 31 December 2024
Scarlet Pimpernel Cars Limited
Notes to the Financial Statements
Statutory Information
Scarlet Pimpernel Cars Limited is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 00458409. |
10 & 11 Northfield Road
Ilfracombe
Devon
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of |
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic |
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the |
historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the rents received or receivable.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
The property used for the trade of the company being property rental is held as a fixed asset at its |
revalued amount. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
3 of 4
For the year ended 31 December 2024
Scarlet Pimpernel Cars Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
530,068
30,068
500,000
500,000
30,068
530,068
Provision for depreciation and impairment |
146,961
23,736
123,225
Charge for year
7,085
633
6,452
154,046
24,369
129,677
370,323
5,699
376,022
376,775
6,332
383,107
It is the opinion of the directors that the land and property valuation remains £500,000 as at the year end |
31 December 2024. |
3. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
2,573
-
2,867
30,928
5,440
30,928
4. Related party transactions |
Mr D Cracknell owns 55% and Mrs J Cracknell owns 45% of the ordinary share capital and as connected |
persons have joint control of the company. |
Directors Current Account |
The directors current account remains in credit, the balance as at the year end 31 December 2024 being |
£2,023 (2023 £30,027). |
5. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
4 of 4