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REGISTERED NUMBER: 10659390 (England and Wales)










SCG INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






SCG INVESTMENTS LIMITED (REGISTERED NUMBER: 10659390)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCG INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C R Lowe
R J Lowe
R Lowe
Ms K Makaroff





REGISTERED OFFICE: 36 Church Street
Great Baddow
Chelmsford
Essex
CM2 7HY





REGISTERED NUMBER: 10659390 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

SCG INVESTMENTS LIMITED (REGISTERED NUMBER: 10659390)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 1,950,000 1,939,985
1,950,000 1,939,985

CURRENT ASSETS
Stocks 321 155
Debtors 7 1,563 2,680
Cash at bank 8 97,706 111,761
99,590 114,596
CREDITORS
Amounts falling due within one year 9 194,325 196,476
NET CURRENT LIABILITIES (94,735 ) (81,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,855,265

1,858,105

CREDITORS
Amounts falling due after more than one
year

10

(1,310,110

)

(1,396,130

)

PROVISIONS FOR LIABILITIES 13 (2,504 ) -
NET ASSETS 542,651 461,975

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 542,551 461,875
542,651 461,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

SCG INVESTMENTS LIMITED (REGISTERED NUMBER: 10659390)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





C R Lowe - Director


SCG INVESTMENTS LIMITED (REGISTERED NUMBER: 10659390)

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

1. STATUTORY INFORMATION

SCG Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when (a) the amount of revenue can be measured reliably; (b) it is probable that future economic benefits will flow to the entity and (c) when the specific criteria relating to the company's sales channels have been met, as described below.


a) Rental income
Revenue (net of any incentives given to the lessees) is recognised in the accounting period to which the rental income relates.

b) Service charge and other property income
Revenue is recognised in the accounting period to which the income relates and matched to the period covered by related costs as far as possible.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


SCG INVESTMENTS LIMITED (REGISTERED NUMBER: 10659390)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 10,519
DEPRECIATION
At 1 January 2024
and 31 December 2024 10,519
NET BOOK VALUE
At 31 December 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,939,985
Revaluations 10,015
At 31 December 2024 1,950,000
NET BOOK VALUE
At 31 December 2024 1,950,000
At 31 December 2023 1,939,985

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 10,015
Cost 1,939,985
1,950,000

SCG INVESTMENTS LIMITED (REGISTERED NUMBER: 10659390)

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

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 1,939,985 1,939,985

Investment property was valued on an open market basis on 11 June 2024 by Lamberts Chartered Surveyor RICS .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 1,030
Other debtors 1,563 1,650
1,563 2,680

8. CASH AT BANK

Cash at bank includes £82,198 (2023: £71,461) that relates to service charges and deposits with regard to tenants of the company's properties and is held in separate accounts.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,532 1,455
Taxation and social security 28,777 27,222
Other creditors 164,016 167,799
194,325 196,476

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 1,310,110 1,396,130

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,117,325 1,117,658

11. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Other loans 85,687 83,783

SCG INVESTMENTS LIMITED (REGISTERED NUMBER: 10659390)

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

11. LOANS - continued
31.12.24 31.12.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 192,785 278,472

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,117,325 1,117,658

12. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Other loans 1,395,797 1,479,913

The loans are secured on fixed and floating charge over the investments property and all assets of the company.

13. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax on revaluation of
investment property 2,504 -
2,504 -

Deferred
tax
£   
Charge to Income Statement during year 2,504
Balance at 31 December 2024 2,504