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REGISTERED NUMBER: 10433505 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SCRASE ESTATES LIMITED

SCRASE ESTATES LIMITED (REGISTERED NUMBER: 10433505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCRASE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: M Scrase
S J Scrase





REGISTERED OFFICE: 6 Commerce Way
Lancing
West Sussex
BN15 8TA





REGISTERED NUMBER: 10433505 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

SCRASE ESTATES LIMITED (REGISTERED NUMBER: 10433505)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,717 638
Investment property 5 867,217 622,070
869,934 622,708

CURRENT ASSETS
Debtors 6 547 -
Cash at bank 8,353 4,676
8,900 4,676
CREDITORS
Amounts falling due within one year 7 (408,763 ) (340,244 )
NET CURRENT LIABILITIES (399,863 ) (335,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES 470,071 287,140

CREDITORS
Amounts falling due after more than one year 8 (410,709 ) (250,059 )

PROVISIONS FOR LIABILITIES (10,682 ) (3,823 )
NET ASSETS 48,680 33,258

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 30,010 10,510
Retained earnings 18,570 22,648
48,680 33,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





M Scrase - Director


SCRASE ESTATES LIMITED (REGISTERED NUMBER: 10433505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Scrase Estates 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 (£) and amounts are rounded to the nearest Pound.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES

The average number of employees during the year was NIL (2024 - 1 ).

SCRASE ESTATES LIMITED (REGISTERED NUMBER: 10433505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024 1,049
Additions 2,631
At 31 March 2025 3,680
DEPRECIATION
At 1 April 2024 411
Charge for year 552
At 31 March 2025 963
NET BOOK VALUE
At 31 March 2025 2,717
At 31 March 2024 638

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 622,070
Additions 219,147
Revaluations 26,000
At 31 March 2025 867,217
NET BOOK VALUE
At 31 March 2025 867,217
At 31 March 2024 622,070

The investment property has been valued in the balance sheet at its open market valuation of £867,217. This valuation has been made by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 547 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Directors' loan accounts 404,972 339,252
Accruals and deferred income 3,791 992
408,763 340,244

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans more 5 yr by instal 410,709 250,059

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 410,709 250,059

In this year the bank loan has been disclosed as all being due in more than 5 years as the loans are interest only. The prior year bank loan has also been redisclosed to due in more than 5 years to remain consistent with this year.

SCRASE ESTATES LIMITED (REGISTERED NUMBER: 10433505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


9. RESERVES
Fair
value
reserve
£   
At 1 April 2024 10,510
Transfer to retained earning 19,500

At 31 March 2025 30,010

The cumulative revaluation gains and losses in respect of land and buildings, except revaluation gains and losses recognised in profit or loss.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, M Scrase increased his loan to the company. As at 31 March 2025, the company owed him £404,972 (2024: £339,252). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Scrase.

This was by virtue of his 40%, holding of the issued share capital.