REGISTERED NUMBER: 08628299 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Scorpion Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R K Steer

REGISTERED OFFICE:

13 March Place

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8UG

REGISTERED NUMBER:

08628299 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Investment property

4

7,500,000

6,646,437

CURRENT ASSETS

Debtors

5

201,274

80,943

Cash at bank

178,779

187,995

380,053

268,938

CREDITORS

Amounts falling due within one year

6

(3,886,206

)

(608,354

)

NET CURRENT LIABILITIES

(3,506,153

)

(339,416

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,993,847

6,307,021

CREDITORS

Amounts falling due after more than one year

7

-

(3,337,369

)

PROVISIONS FOR LIABILITIES

(692,811

)

(479,372

)

NET ASSETS

3,301,036

2,490,280

CAPITAL AND RESERVES

Called up share capital

387,133

387,133

Fair value reserve

9

2,855,377

1,788,422

Retained earnings

58,526

314,725

3,301,036

2,490,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 12 December 2025 and were signed by:

R K Steer - Director

1.	STATUTORY INFORMATION

Scorpion 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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.

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 balance sheet date.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

6,646,437

Revaluations

853,563

At 31 March 2025

7,500,000

NET BOOK VALUE

At 31 March 2025

7,500,000

At 31 March 2024

6,646,437

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

2,580,397

Valuation in 2025

853,563

Cost

4,066,040

7,500,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

142,105

35,849

Other debtors

59,169

45,094

201,274

80,943

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

3,334,896

173,261

Trade creditors

-

73

Taxation and social security

123,218

103,451

Other creditors

428,092

331,569

3,886,206

608,354

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

3,337,369

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

3,334,896

3,510,630

Bank loans are secured by a charge over the assets of the company.

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

1,788,422

Transfers

1,066,955

At 31 March 2025

2,855,377

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R K Steer.