SCB Property Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02833148 (England and Wales)

Financial Statements

for the Year Ended 31 March 2019

for

SCB Property Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Campbell-Barr

REGISTERED OFFICE:

Maltings Cottage

Melton Hill

Woodbridge

Suffolk

IP12 1AX

REGISTERED NUMBER:

02833148 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

Chartered Accountants

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Investment property

4

300,000

330,000

CURRENT ASSETS

Cash at bank

37,390

5,560

CREDITORS

Amounts falling due within one year

8,434

1,587

NET CURRENT ASSETS

28,956

3,973

TOTAL ASSETS LESS CURRENT LIABILITIES

328,956

333,973

PROVISIONS FOR LIABILITIES

5

43,114

43,944

NET ASSETS

285,842

290,029

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

285,840

290,027

SHAREHOLDERS' FUNDS

285,842

290,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19 August 2019 and were signed by:

S Campbell-Barr - Director

1.	STATUTORY INFORMATION

SCB Property Services 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.

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

The turnover represents net invoiced sales of services, excluding value added tax, arising from letting

commercial properties.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

330,000

Disposals

(37,196

)

Revaluations

7,196

At 31 March 2019

300,000

NET BOOK VALUE

At 31 March 2019

300,000

At 31 March 2018

330,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2012

248,718

Valuation in 2016

(30,000

)

Valuation in 2017

1,000

Valuation in 2019

7,196

Cost

73,086

300,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.19

31.3.18

£

£

Cost

110,282

110,282

Investment property was valued on an open market value basis on 31 March 2017 by Simon Wright Ltd (Surveyors)

.

5.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

43,114

43,944

Deferred

tax

£

Balance at 1 April 2018

43,944

Credit to Abridged Income Statement during year

(830

)

Balance at 31 March 2019

43,114

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary

£1

2

2

7.	SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

S Campbell-Barr

Balance outstanding at start of year

156

(2,382

)

Amounts advanced

5,500

6,000

Amounts repaid

(5,345

)

(3,462

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

311

156

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S Campbell-Barr.