Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false1false2023-04-01No description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13762432 2023-04-01 2024-03-31 13762432 2022-04-01 2023-03-31 13762432 2024-03-31 13762432 2023-03-31 13762432 c:Director1 2023-04-01 2024-03-31 13762432 d:FurnitureFittings 2023-04-01 2024-03-31 13762432 d:FurnitureFittings 2024-03-31 13762432 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13762432 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 13762432 d:FreeholdInvestmentProperty 2024-03-31 13762432 d:CurrentFinancialInstruments 2024-03-31 13762432 d:CurrentFinancialInstruments 2023-03-31 13762432 d:Non-currentFinancialInstruments 2024-03-31 13762432 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13762432 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13762432 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13762432 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13762432 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 13762432 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13762432 d:ShareCapital 2024-03-31 13762432 d:ShareCapital 2023-03-31 13762432 d:RetainedEarningsAccumulatedLosses 2024-03-31 13762432 d:RetainedEarningsAccumulatedLosses 2023-03-31 13762432 c:FRS102 2023-04-01 2024-03-31 13762432 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13762432 c:FullAccounts 2023-04-01 2024-03-31 13762432 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13762432 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13762432









SCB SPV2 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SCB SPV2 LTD
REGISTERED NUMBER: 13762432

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
856
-

Investment property
 5 
580,833
-

  
581,689
-

Current assets
  

Debtors: amounts falling due within one year
 6 
5,984
1

  
5,984
1

Creditors: amounts falling due within one year
 7 
(305,376)
-

Net current (liabilities)/assets
  
 
 
(299,392)
 
 
1

Total assets less current liabilities
  
282,297
1

Creditors: amounts falling due after more than one year
  
(276,595)
-

  

Net assets
  
5,702
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
5,701
-

  
5,702
1


Page 1

 
SCB SPV2 LTD
REGISTERED NUMBER: 13762432
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C Ball
Director

Date: 20 August 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SCB SPV2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

SCB SPV2  Limited is a private company, limited by shares and incorporated in England and Wales (registered number: 13762432). The registered office is 101 New Cavendish Street, 1st Floor South, London,W1W6XH.
The financial statements are presented in sterling (GBP), which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management havs evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

Page 3

 
SCB SPV2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 4

 
SCB SPV2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
SCB SPV2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
926



At 31 March 2024

926



Depreciation


Charge for the year on owned assets
70



At 31 March 2024

70



Net book value



At 31 March 2024
856


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
580,833



At 31 March 2024
580,833

The 2024 valuations were made by the director, on an open market value for existing use basis.




2024
2023
£
£


Historic cost
580,833
-

580,833
-

Page 6

 
SCB SPV2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
5,984
1

5,984
1



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,138
-

Other creditors
304,238
-

305,376
-



8.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
276,595

276,595



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
276,595
-


276,595
-



276,595
-


 
Page 7