SCB Investment Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10381506 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

SCB INVESTMENT PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Mr S J Butcher

REGISTERED OFFICE:

73 Furtherfield

Abbots Langley

Hertfordshire

WD5 0PN

REGISTERED NUMBER:

10381506 (England and Wales)

ACCOUNTANTS:

Beyond Accounting Limited

19 Abbots Business Park

Primrose Hill

Kings Langley

Hertfordshire

WD4 8FR

FIXED ASSETS

Investment property

4

154,000

165,000

CURRENT ASSETS

Debtors

5

318

1,451

Cash at bank and in hand

10,313

11,492

10,631

12,943

CREDITORS

Amounts falling due within one year

6

42,314

48,132

NET CURRENT LIABILITIES

(31,683

)

(35,189

)

TOTAL ASSETS LESS CURRENT LIABILITIES

122,317

129,811

CREDITORS

Amounts falling due after more than one year

7

106,495

106,495

NET ASSETS

15,822

23,316

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

6,809

17,809

Retained earnings

8

8,913

5,407

SHAREHOLDERS' FUNDS

15,822

23,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 10 June 2021 and were signed by:

Mr S J Butcher - Director

1.	STATUTORY INFORMATION

SCB Investment 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.

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.

Investment property

Investment properties consist of freehold residential properties and are measured initially at cost, including related transaction costs. These are held as investments to earn rental income and for capital appreciation and are stated at fair value at the balance sheet date.

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 NIL (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2019

165,000

Revaluations

(11,000

)

At 30 September 2020

154,000

NET BOOK VALUE

At 30 September 2020

154,000

At 30 September 2019

165,000

Fair value at 30 September 2020 is represented by:

£

Valuation in 2019

17,809

Valuation in 2020

(11,000

)

Cost

147,191

154,000

Investment property was valued on an open market basis on 30 September 2020 by the company director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Other debtors

-

467

Prepayments

318

984

318

1,451

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Taxation

-

2,968

Directors' current accounts

38,774

38,774

Deferred income

2,850

5,700

Accruals

690

690

42,314

48,132

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans - over 5 years

106,495

106,495

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans - over 5 years

106,495

106,495

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 October 2019

5,407

17,809

23,216

Deficit for the year

(7,494

)

(7,494

)

Deficit on revaluation of

investment property

11,000

(11,000

)

-

At 30 September 2020

8,913

6,809

15,722

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SCB Investment Properties Ltd for the year ended 30 September 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of SCB Investment Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SCB Investment Properties Ltd and state those matters that we have agreed to state to the director of SCB Investment Properties Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that SCB Investment Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SCB Investment Properties Ltd. You consider that SCB Investment Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SCB Investment Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beyond Accounting Limited

19 Abbots Business Park

Primrose Hill

Kings Langley

Hertfordshire

WD4 8FR

10 June 2021