| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| FOR |
| SC PROPERTIES BARROW LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| FOR |
| SC PROPERTIES BARROW LIMITED |
| SC PROPERTIES BARROW LIMITED (REGISTERED NUMBER: 12700635) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SC PROPERTIES BARROW LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| 133 Houndsditch |
| London |
| EC3A 7BX |
| SC PROPERTIES BARROW LIMITED (REGISTERED NUMBER: 12700635) |
| ABRIDGED BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 31.3.24 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| SC PROPERTIES BARROW LIMITED (REGISTERED NUMBER: 12700635) |
| ABRIDGED BALANCE SHEET - continued |
| 30 SEPTEMBER 2024 |
| The financial statements were approved by the director and authorised for issue on |
| SC PROPERTIES BARROW LIMITED (REGISTERED NUMBER: 12700635) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| SC Properties Barrow Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis. |
| Turnover |
| Turnover represents net invoiced rental income as adjusted for deferred income, excluding VAT. |
| Tangible fixed assets |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 April 2024 |
| and 30 September 2024 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for period |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 31 March 2024 |
| SC PROPERTIES BARROW LIMITED (REGISTERED NUMBER: 12700635) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 1 April 2024 |
| and 30 September 2024 | 60,768 |
| DEPRECIATION |
| At 1 April 2024 | 16,400 |
| Charge for period | 4,100 |
| At 30 September 2024 | 20,500 |
| NET BOOK VALUE |
| At 30 September 2024 | 40,268 |
| At 31 March 2024 | 44,368 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Disposals | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 31 March 2024 |
| Fair value at 30 September 2024 is represented by: |
| £ |
| Valuation in 2024 | 1,282,498 |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.9.24 | 31.3.24 |
| £ | £ |
| Hire purchase contracts | 39,667 | 43,285 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.24 | 31.3.24 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| SC PROPERTIES BARROW LIMITED (REGISTERED NUMBER: 12700635) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 31 March 2024: |
| 30.9.24 | 31.3.24 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 9. | RELATED PARTY DISCLOSURES |
| SC1 Holdco Ltd: |
| During the year SC1 Holdco Ltd, a company also wholly owned and controlled by Mr S Cunningham, had on an interest-free basis advanced £612,448 (Prior period - £612,448) to the company. This amount is unsecured and repayable on demand. |
| Mr S Cunningham: |
| During the year Mr S Cunningham, the director of the company, had on an interest-free basis advanced £595,754 (Prior period - £706,751) to the company. This amount is unsecured and repayable on demand. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr S Cunningham. |