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Registered number: 05724569
S.C. Developments (Plymouth) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Harold Duckworth & Co
86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05724569
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 192 458
Investments 1,744,183 1,373,069
1,744,375 1,373,527
CURRENT ASSETS
Debtors 4 1,962 400
Cash at bank and in hand 27,909 6,828
29,871 7,228
Creditors: Amounts Falling Due Within One Year 5 (512,627 ) (169,187 )
NET CURRENT ASSETS (LIABILITIES) (482,756 ) (161,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,261,619 1,211,568
Creditors: Amounts Falling Due After More Than One Year 6 (1,000,000 ) (1,000,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,343 ) -
NET ASSETS 249,276 211,568
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 249,275 211,567
SHAREHOLDERS' FUNDS 249,276 211,568
Page 1
Page 2
For the year ending 28 February 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Xia Ming
Director
18/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S.C. Developments (Plymouth) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05724569 . The registered office is The Ferns Seymour Road, Mannamead, Plymouth, PL3 5AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and rent due.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 4 years
2.5. Investment Properties
All investments are property and land. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of asset is used. Current and deferred tax assets and liabilities are not discounted.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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Page 4
4. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,962 -
Other debtors - 400
1,962 400
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Corporation tax 5,652 11,886
Other creditors - 18,000
Accruals and deferred income 1,980 1,980
Directors' loan accounts 504,994 137,321
512,627 169,187
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 1,000,000 1,000,000
7. Secured Creditors
The loans are secured against the relevant investment property.
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4