SCAN PROPERTY LTD - Filleted accounts

Registered number

13085224

SCAN PROPERTY LTD

Filleted Accounts

31 December 2024

SCAN PROPERTY LTD
Registered number:		13085224
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		532,500			543,300

Current assets
Cash at bank and in hand		60,215			48,814

Creditors: amounts falling due within one year	4	(2,572)			(240)

Net current assets			57,643			48,574

Total assets less current liabilities			590,143			591,874

Creditors: amounts falling due after more than one year	5		(531,802)			(540,183)



Net assets			58,341			51,691

Capital and reserves
Called up share capital			2			2
Revaluation reserve	6		70,000			70,000
Profit and loss account			(11,661)			(18,311)

Shareholders' funds			58,341			51,691

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr J Jeyanantharajah
Director
Approved by the board on 19 September 2025

SCAN PROPERTY LTD
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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.

	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 the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 January 2024				554,100
	At 31 December 2024				554,100

	Depreciation
	At 1 January 2024				10,800
	Charge for the year				10,800
	At 31 December 2024				21,600

	Net book value
	At 31 December 2024				532,500
	At 31 December 2023				543,300


4	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		240		-
	Other creditors		-		240
			2,572		240


5	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		331,010		331,010
	Other creditors		200,792		209,173
			531,802		540,183


6	Revaluation reserve		2024		2023
£				£

	At 1 January 2024		70,000		-
	Gain on revaluation of land and buildings		-		70,000

	At 31 December 2024		70,000		70,000


7	Transactions with the directors

	The amount of £118,992.00 is owed to the directors of the company

8	Other information

	SCAN PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
	63 Manor Road
	Wallington
	SM6 0DE