REGISTERED NUMBER: 10433505 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SCRASE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Scrase

S J Scrase

REGISTERED OFFICE:

6 Commerce Way

Lancing

West Sussex

BN15 8TA

REGISTERED NUMBER:

10433505 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

1,797

2,717

Investment property

5

1,081,494

867,217

1,083,291

869,934

CURRENT ASSETS

Debtors

6

360

547

Cash at bank

11,813

8,353

12,173

8,900

CREDITORS

Amounts falling due within one year

7

479,329

408,763

NET CURRENT LIABILITIES

(467,156

)

(399,863

)

TOTAL ASSETS LESS CURRENT LIABILITIES

616,135

470,071

CREDITORS

Amounts falling due after more than one year

8

(556,959

)

(410,709

)

PROVISIONS FOR LIABILITIES

(10,452

)

(10,682

)

NET ASSETS

48,724

48,680

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

30,010

30,010

Retained earnings

18,614

18,570

48,724

48,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 1 June 2026 and were signed on its behalf by:

M Scrase - Director

1.	STATUTORY INFORMATION

Scrase Estates 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 (£) and amounts are rounded to the nearest Pound.

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.

Fixtures and fittings

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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

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

Going concern

The directors have reasonable expectation that the company has adequate resources to continue to meet its obligations as they fall due. The company continues to adopt the going concern basis when preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

3,680

DEPRECIATION

At 1 April 2025

963

Charge for year

920

At 31 March 2026

1,883

NET BOOK VALUE

At 31 March 2026

1,797

At 31 March 2025

2,717

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

867,217

Additions

214,277

At 31 March 2026

1,081,494

NET BOOK VALUE

At 31 March 2026

1,081,494

At 31 March 2025

867,217

The investment property has been valued in the balance sheet at its open market valuation of £1,084,898 This valuation has been made by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments

360

547

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Directors' loan accounts

474,202

404,972

Accruals and deferred income

5,127

3,791

479,329

408,763

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans more 5 yr by instal

556,959

410,709

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

556,959

410,709

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, M Scrase increased his loan to the company. As at 31 March 2026, the company owed him £474,202 (2025: £404,972). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Scrase.

This was by virtue of his 40%, holding of the issued share capital.