2024-01-01 00458409 2024-12-31 00458409 2024-01-01 2024-12-31 00458409 2023-12-31 00458409 2023-01-01 2023-12-31 00458409 uk-core:WithinOneYear 2023-12-31 00458409 uk-core:WithinOneYear 2024-12-31 00458409 uk-core:ShareCapital 2024-12-31 00458409 uk-core:ShareCapital 2023-12-31 00458409 uk-core:RevaluationReserve 2024-12-31 00458409 uk-core:RevaluationReserve 2023-12-31 00458409 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 00458409 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 00458409 uk-bus:Director1 2024-01-01 2024-12-31 00458409 uk-bus:Director2 2024-01-01 2024-12-31 00458409 uk-core:Land 2024-01-01 2024-12-31 00458409 uk-core:PlantMachinery 2024-01-01 2024-12-31 00458409 uk-core:PlantMachinery 2023-12-31 00458409 uk-core:Land 2023-12-31 00458409 uk-core:Land 2024-12-31 00458409 uk-core:PlantMachinery 2024-12-31 iso4217:GBP xbrli:pure 00458409 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00458409 uk-bus:FRS102 2024-01-01 2024-12-31 00458409 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 00458409 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Scarlet Pimpernel Cars Limited
Registered Number:00458409
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
00458409
As at 31 December 2024
Scarlet Pimpernel Cars Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
376,022
383,107
2
376,022
383,107
Current assets
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
Capital and reserves
Called up share capital
10,000
10,000
Revaluation reserve
395,666
395,666
Retained earnings
(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.
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4
Registered Number :
00458409
For the year ended 31 December 2024
Scarlet Pimpernel Cars Limited
Statement of Financial Position Continued
Mr D J Cracknell Director
Mrs 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
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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.
Registered address:
10 & 11 Northfield Road
Ilfracombe
Devon
The presentation currency is £ sterling.
1. Accounting policies
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
2% Straight line
Plant and machinery
10% Reducing balance
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.
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For the year ended 31 December 2024
Scarlet Pimpernel Cars Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 January 2024
530,068
30,068
500,000
At 31 December 2024
500,000
30,068
530,068
Provision for depreciation and impairment
At 01 January 2024
146,961
23,736
123,225
Charge for year
7,085
633
6,452
At 31 December 2024
154,046
24,369
129,677
At 31 December 2024
Net book value
370,323
5,699
376,022
At 31 December 2023
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
-
Other creditors
2,867
30,928
5,440
30,928
4. Related party transactions
Controlling Interest
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)
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