Company registration number 12199534 (England and Wales)
SCOTTFERNANDEZ PROPERTIES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
SCOTTFERNANDEZ PROPERTIES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SCOTTFERNANDEZ PROPERTIES LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
30,472
36,332
Investment property
4
1,654,000
1,983,000
1,684,472
2,019,332
Current assets
Debtors
5
23,597
35,645
Cash at bank and in hand
17,817
20,364
41,414
56,009
Creditors: amounts falling due within one year
6
(157,638)
(191,479)
Net current liabilities
(116,224)
(135,470)
Total assets less current liabilities
1,568,248
1,883,862
Creditors: amounts falling due after more than one year
7
(1,073,251)
(1,073,148)
Provisions for liabilities
(47,482)
(193,790)
Net assets
447,515
616,924
Capital and reserves
Called up share capital
200
200
Share premium account
165,116
165,116
Revaluation reserve
163,537
495,523
Profit and loss reserves
118,662
(43,915)
Total equity
447,515
616,924

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

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 13 August 2026 and are signed on its behalf by:
Mr M J Scott
Director
Company registration number 12199534 (England and Wales)
SCOTTFERNANDEZ PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Scottfernandez Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bradbury House, Mission Court, Newport, Gwent, NP20 2DW.

1.1
Basis of preparation

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
Revenue

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 measured at cost, 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:

Fixtures and fittings
33% straight line
Computers
33% straight line
Motor vehicles
10% straight line
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.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

SCOTTFERNANDEZ PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.5
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.

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.

1.6
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.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

SCOTTFERNANDEZ PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
2
Employees

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

2026
2025
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2025 and 31 March 2026
6,356
949
34,252
41,557
Depreciation and impairment
At 1 April 2025
2,643
584
1,998
5,225
Depreciation charged in the year
2,119
316
3,425
5,860
At 31 March 2026
4,762
900
5,423
11,085
Carrying amount
At 31 March 2026
1,594
49
28,829
30,472
At 31 March 2025
3,713
365
32,254
36,332
4
Investment property
2026
£
Fair value
At 1 April 2025
1,983,000
Revaluations
(329,000)
At 31 March 2026
1,654,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2026 by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

SCOTTFERNANDEZ PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1,006
38
Other debtors
22,591
35,607
23,597
35,645
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
4,137
4,137
Trade creditors
3,069
216
Corporation tax
2,462
-
0
Other creditors
147,970
187,126
157,638
191,479
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
1,073,251
1,073,148
8
Related party transactions

A loan exists with Scottfernandez Holdings Limited, a company with the same directors. At the year end the amount owed by Scottfernandez Holdings Limited was £1,888 (2025 - £1,698), this amount is included in debtors: amounts falling due within one year.

A loan exists with Scottfernandez Estates Limited, a company with the same directors. At the year end the amount owed by Scottfernandez Estates Limited was £1,474 (2025 - £1,284), this amount is included in debtors: amounts falling due within one year.

A loan exists with Xruumz Limited, a company with the same directors. At the year end the amount owed to Xruumz Limited was £71,822 (2025 - £65,958), this amount is included in creditors: amounts falling due within one year.

9
Directors' transactions

The company operates current loan accounts with it's directors. As at 31 March 202 6 an amount of £62,826 (202 5 - £113,527) was owed by the company to its directors and is included within creditors: amounts due within one year.

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