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REGISTERED NUMBER: 12700635 (England and Wales)
























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: Mr S Cunningham



REGISTERED OFFICE: Third Floor
College House
Howard Street
Barrow in Furness
Cumbria
LA14 1NB



REGISTERED NUMBER: 12700635 (England and Wales)



BANKERS: Clearbank
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 40,268 44,368
Investment property 5 1,282,498 1,386,883
1,322,766 1,431,251

CURRENT ASSETS
Debtors 172 1,384
Cash at bank 3,511 8,564
3,683 9,948
CREDITORS
Amounts falling due within one year 1,261,944 1,373,391
NET CURRENT LIABILITIES (1,258,261 ) (1,363,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,505

67,808

CREDITORS
Amounts falling due after more than one
year

31,836

35,851
NET ASSETS 32,669 31,957

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 32,668 31,956
SHAREHOLDERS' FUNDS 32,669 31,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





Mr S Cunningham - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
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

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 1,386,883
Disposals (104,385 )
At 30 September 2024 1,282,498
NET BOOK VALUE
At 30 September 2024 1,282,498
At 31 March 2024 1,386,883

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: £    £   
1 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
£    £   
Mr S Cunningham
Balance outstanding at start of period - 333,802
Amounts repaid - (333,802 )
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.