Company registration number 08094502 (England and Wales)
SCMS LONDON LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
One Bell Lane
Lewes
East Sussex
BN7 1JU
SCMS LONDON LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
SCMS LONDON LTD
COMPANY INFORMATION
- 1 -
Director
Mr D Simpson
Secretary
Mr D Simpson
Company number
08094502
Registered office
Toad Hall
Lane End Common
North Chailey
Lewes
BN8 4JH
Accountants
TC Group
One Bell Lane
Lewes
East Sussex
BN7 1JU
SCMS LONDON LTD
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,275,014
1,302,913
Investment property
4
960,000
960,000
2,235,014
2,262,913
Current assets
Debtors
5
16,718
14,789
Cash at bank and in hand
102,145
81,199
118,863
95,988
Creditors: amounts falling due within one year
6
(91,519)
(110,814)
Net current assets/(liabilities)
27,344
(14,826)
Total assets less current liabilities
2,262,358
2,248,087
Creditors: amounts falling due after more than one year
7
(801,890)
(818,225)
Provisions for liabilities
(109,709)
(79,477)
Net assets
1,350,759
1,350,385
Capital and reserves
Called up share capital
8
1
1
Revaluation reserve
9
246,301
246,301
Profit and loss reserves
10
1,104,457
1,104,083
Total equity
1,350,759
1,350,385
SCMS LONDON LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 3 -

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

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 December 2025
Mr D Simpson
Director
Company registration number 08094502 (England and Wales)
SCMS LONDON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

SCMS London Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Toad Hall, Lane End Common, North Chailey, Lewes, BN8 4JH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not depreciated/ 2% straight line basis
Plant and equipment
25% reducing balance basis
Fixtures and fittings
25% reducing balance basis
Computers
33% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

SCMS LONDON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SCMS LONDON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

SCMS LONDON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost or valuation
At 1 July 2024
1,230,000
224,912
3,942
2,537
1,461,391
Additions
-
0
5,795
-
0
-
0
5,795
Disposals
-
0
(7,226)
-
0
-
0
(7,226)
At 30 June 2025
1,230,000
223,481
3,942
2,537
1,459,960
Depreciation and impairment
At 1 July 2024
10,396
143,125
2,421
2,536
158,478
Depreciation charged in the year
10,400
21,557
380
1
32,338
Eliminated in respect of disposals
-
0
(5,870)
-
0
-
0
(5,870)
At 30 June 2025
20,796
158,812
2,801
2,537
184,946
Carrying amount
At 30 June 2025
1,209,204
64,669
1,141
-
0
1,275,014
At 30 June 2024
1,219,604
81,787
1,521
1
1,302,913

Land and buildings were revalued at 30 July 202 4 by Churchill Country & Equestrian Property, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

The carrying amounts would have been approximately £919,458 (202 4 - £919,458), being cost £936,208

(202 4 - £93 6,208) and depreciation £16,750 (202 4 - £16,750).

The revaluation surplus is disclosed in note 11.

SCMS LONDON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
4
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
960,000

Investment property comprises freehold land. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 July 2024 by Churchill Country & Equestrian Property, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,487
2,846
Other debtors
10,231
11,943
16,718
14,789
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
61,347
61,203
Trade creditors
2,562
2,650
Taxation and social security
231
(38)
Other creditors
27,379
46,999
91,519
110,814
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
651,359
667,694
Other creditors
150,531
150,531
801,890
818,225
SCMS LONDON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
7
Creditors: amounts falling due after more than one year
(Continued)
- 9 -
Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
568,452
585,403
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
9
Revaluation reserve
2025
2024
£
£
At the beginning of the year
246,301
-
0
Revaluation surplus arising in the year
-
0
302,165
Deferred tax on revaluation of tangible assets
-
(53,845)
Transfer to retained earnings
-
0
(2,019)
At the end of the year
246,301
246,301
10
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
1,104,083
824,129
Profit for the year
25,374
236,090
Dividends declared and paid in the year
(25,000)
(12,000)
Transfer from revaluation reserve
-
0
55,864
At the end of the year
1,104,457
1,104,083
SCMS LONDON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
10
Profit and loss reserves
(Continued)
- 10 -

Included within profit and loss reserves are non-distributable profits, as set out below:

2025
2024
£
£
Non-distributable profits included above
At the beginning of the year
252,043
-
Non distributable profits in the year
-
252,043
At the end of the year
252,043
252,043
Distributable profits
852,414
852,040
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