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REGISTERED NUMBER: 14291721 (England and Wales)















SCOTTFIELD PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






SCOTTFIELD PROPERTIES LTD (REGISTERED NUMBER: 14291721)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

SCOTTFIELD PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: L R Scott





SECRETARY:





REGISTERED OFFICE: Finlayson & Co
Whitby Court
Abbey Road, Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 14291721 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

SCOTTFIELD PROPERTIES LTD (REGISTERED NUMBER: 14291721)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,267 4,712
Investment property 5 220,401 220,401
226,668 225,113

CURRENT ASSETS
Cash at bank and in hand 3,881 1,055

CREDITORS
Amounts falling due within one year 6 83,737 73,603
NET CURRENT LIABILITIES (79,856 ) (72,548 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,812

152,565

CREDITORS
Amounts falling due after more than one
year

7

158,606

158,578
NET LIABILITIES (11,794 ) (6,013 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (11,894 ) (6,113 )
SHAREHOLDERS' FUNDS (11,794 ) (6,013 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SCOTTFIELD PROPERTIES LTD (REGISTERED NUMBER: 14291721)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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 director and authorised for issue on 20 May 2025 and were signed by:





L R Scott - Director


SCOTTFIELD PROPERTIES LTD (REGISTERED NUMBER: 14291721)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Scottfield Properties Ltd 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.
Plant and machinery etc - 20% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SCOTTFIELD PROPERTIES LTD (REGISTERED NUMBER: 14291721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property Fittings Totals
£    £    £   
COST
At 1 September 2023 4,157 563 4,720
Additions 900 740 1,640
At 31 August 2024 5,057 1,303 6,360
DEPRECIATION
At 1 September 2023 - 8 8
Charge for year - 85 85
At 31 August 2024 - 93 93
NET BOOK VALUE
At 31 August 2024 5,057 1,210 6,267
At 31 August 2023 4,157 555 4,712

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 220,401
NET BOOK VALUE
At 31 August 2024 220,401
At 31 August 2023 220,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 83,737 73,603

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 158,606 158,578

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan more 5yrs instal 158,606 158,578

SCOTTFIELD PROPERTIES LTD (REGISTERED NUMBER: 14291721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage Loan more 5yrs 158,606 158,578

The Mortgage Works (UK) PLC holds a fixed charge on 9 King Street, Osset, Wakefield, WF5 0JW. Registered under title number WYK9121. Registered on 30th June 2023.

The Mortgage Works (UK) PLC holds a fixed charge on 32 Butts Street, Leigh, WN7 3AE. Registered under title number MAN58582. Registered on 17th March 2023.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. GOING CONCERN

The accounts have been drawn up on a going concern basis after assurance the company will benefit from the continued support of the director.

SCOTTFIELD PROPERTIES LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
SCOTTFIELD PROPERTIES LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


20 May 2025