SCA Properties Ltd 11474950 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is of the holding of property for rental income. Digita Accounts Production Advanced 6.30.9574.0 true true 11474950 2023-08-01 2024-07-31 11474950 2024-07-31 11474950 bus:OrdinaryShareClass1 2024-07-31 11474950 core:CurrentFinancialInstruments 2024-07-31 11474950 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 11474950 core:Non-currentFinancialInstruments 2024-07-31 11474950 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 11474950 core:MoreThanFiveYears 2 2024-07-31 11474950 bus:SmallEntities 2023-08-01 2024-07-31 11474950 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11474950 bus:FilletedAccounts 2023-08-01 2024-07-31 11474950 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11474950 bus:RegisteredOffice 2023-08-01 2024-07-31 11474950 bus:Director1 2023-08-01 2024-07-31 11474950 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 11474950 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11474950 core:OtherRelatedParties 2023-08-01 2024-07-31 11474950 countries:England 2023-08-01 2024-07-31 11474950 2023-07-31 11474950 2022-08-01 2023-07-31 11474950 2023-07-31 11474950 bus:OrdinaryShareClass1 2023-07-31 11474950 core:CurrentFinancialInstruments 2023-07-31 11474950 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 11474950 core:Non-currentFinancialInstruments 2023-07-31 11474950 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 11474950 core:MoreThanFiveYears 2 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11474950

SCA Properties Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

SCA Properties Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

SCA Properties Ltd

Company Information

Director

Mr Sean Atkinson

Registered office

Suite 3
Waterside Business Centre
Canal Street
Leigh
WN7 4DB

Accountants

Harrison Salmon Associates
Suite 3
Waterside Business Centre
Canal Street
Leigh
WN7 4DB

 

SCA Properties Ltd

(Registration number: 11474950)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

218,656

218,656

Current assets

 

Debtors

5

3,469

2,469

Cash at bank and in hand

 

5,863

4,463

 

9,332

6,932

Creditors: Amounts falling due within one year

6

(55,813)

(57,481)

Net current liabilities

 

(46,481)

(50,549)

Total assets less current liabilities

 

172,175

168,107

Creditors: Amounts falling due after more than one year

6

(159,067)

(159,060)

Net assets

 

13,108

9,047

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

13,107

9,046

Shareholders' funds

 

13,108

9,047

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 April 2025
 

.........................................
Mr Sean Atkinson
Director

 

SCA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 3
Waterside Business Centre
Canal Street
Leigh
WN7 4DB

These financial statements were authorised for issue by the director on 24 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

SCA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

SCA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Investment properties

2024
£

At 1 August

218,656

At 31 July

218,656

Investment property comprises an amount of £218,656 (2023; £218,656) for which a charge over the underlying assets has been given to the lenders. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director at the year end.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

3,469

2,469

   

3,469

2,469

 

SCA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,313

981

Accruals and deferred income

750

750

Other creditors

53,750

55,750

55,813

57,481

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

159,067

159,060

2024
£

2023
£

Due after more than five years

After more than five years not by instalments

159,067

159,060

-

-

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

159,067

159,060

Included in the loans and borrowings are the following amounts due after more than five years:

Borrowings due after five years

 

SCA Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Payable other than by instalments in more than 5 years £159,067 (2023: £159,060).

The bank loan is secured by way of a fixed charge over the underlying assets. The director has also provided a personal guanantee in relation to the loan.

9

Related party transactions

Summary of transactions with other related parties


During the year the company operated a loan account with G.M.D Pennine Ltd a company related via shared directorship. The loan is interest free and repayable on demand. During the year the company loaned funds of £1,000. At the balance sheet date the company was owed £3,469 (2023 £2,469) which is contained in debtors.