Company Registration No. 09593287 (England and Wales)
SCM UK PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2022
SCM UK PROPERTIES LIMITED
Unaudited accounts
Contents
SCM UK PROPERTIES LIMITED
Company Information
for the year ended 31 March 2022
Company Number
09593287 (England and Wales)
Registered Office
59 LEIGHTON ROAD
LONDON
NW5 2QH
ENGLAND
SCM UK PROPERTIES LIMITED
Statement of financial position
as at 31 March 2022
Tangible assets
178
45,873
Investment property
1,270,000
1,270,000
Cash at bank and in hand
3,804
6,829
Creditors: amounts falling due within one year
(4,294)
(21,657)
Net current assets
111,499
49,721
Total assets less current liabilities
1,381,677
1,365,594
Creditors: amounts falling due after more than one year
(1,605,569)
(1,584,719)
Net liabilities
(223,892)
(219,125)
Called up share capital
100
100
Revaluation reserve
(25,555)
(25,555)
Profit and loss account
(198,437)
(193,670)
Shareholders' funds
(223,892)
(219,125)
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2022 and were signed on its behalf by
Rosie Chalmers
Director
Company Registration No. 09593287
SCM UK PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2022
SCM UK PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09593287. The registered office is 59 LEIGHTON ROAD, LONDON, NW5 2QH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
Fixtures and fittings 25% Straight line
Computers 100% Straight line
Motor vehicles 20% Reducing balance
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 .
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. The surplus or deficit on revaluation is
recognised in profit or loss.
[Property rented to a group entity is accounted for as tangible fixed assets.]
SCM UK PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 2 (2021: 2).
