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Registration number: 11961431

Scorpio Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Scorpio Properties Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 4

Scorpio Properties Limited

(Registration number: 11961431)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 79 | 124
Investment property | 5 | 1,128,986 | 1,128,986
|  | 1,129,065 | 1,129,110
Current assets |  |  |
Debtors | 6 | 23,936 | 30,018
Cash at bank and in hand |  | 61,864 | 53,147
|  | 85,800 | 83,165
Creditors: Amounts falling due within one year | 7 | (6,919) | (7,038)
Net current assets |  | 78,881 | 76,127
Net assets |  | 1,207,946 | 1,205,237
Capital and reserves |  |  |
Called up share capital | 8 | 200 | 200
Share premium reserve |  | 1,247,765 | 1,247,765
Profit and loss account |  | (40,019) | (42,728)
Shareholders' funds |  | 1,207,946 | 1,205,237

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 October 2025 and signed on its behalf by:

Mr D Norris
Director

Scorpio Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
68 Oxhey Road
Watford
WD19 4QQ

2 | Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The presentation currency is sterling.
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises management and rental income received or receivable and the proceeds of property sales in the ordinary course of the company's activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and equipment | 25% straight line

Scorpio Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.
Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

3 | Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

4 | Tangible assets

| Plant and equipment £ | Total £
Cost
At 1 May 2024 | 180 | 180
At 30 April 2025 | 180 | 180
Depreciation
At 1 May 2024 | 56 | 56
Charge for the year | 45 | 45
At 30 April 2025 | 101 | 101
Net book value
At 30 April 2025 | 79 | 79
At 30 April 2024 | 124 | 124

5 | Investment property

| 2025 £ | 2024 £
At 1 May | 1,128,986 | 1,058,248
Additions | - | 340,738
Disposals | - | (270,000)
At 30 April | 1,128,986 | 1,128,986

The directors have reviewed the market value of the properties using current market data for similar properties in the same areas and consider that there is no significant change at the balance sheet date.

Scorpio Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 70 | 163
Other debtors | 23,866 | 29,649
Prepayments | - | 206
| 23,936 | 30,018

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Taxation and social security | 1,694 | 3,237
Other creditors | 2,565 | 1,124
Accruals | 2,660 | 2,677
| 6,919 | 7,038

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A Shares of £0.01 each | 20,000 | 200 | 20,000 | 200

9 | Related party transactions

Directors’ advances
The company provided the directors with a current account on which cash advances were made and items of personal expenditure paid for by the company were charged. During the year £5,209 (2024 - £48,937) was advanced and £11,005 (2024 - £39,231) was repaid.
Advances were unsecured and no interest has been charged.