SCB Property Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02833148 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

SCB Property Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Campbell-Barr

S E Campbell-Barr

REGISTERED OFFICE:

Maltings Cottage

Melton Hill

Woodbridge

Suffolk

IP12 1AX

REGISTERED NUMBER:

02833148 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Investment property

4

300,000

250,000

CURRENT ASSETS

Debtors

3,105

3,000

Cash at bank

29,566

25,491

32,671

28,491

CREDITORS

Amounts falling due within one year

6,749

3,475

NET CURRENT ASSETS

25,922

25,016

TOTAL ASSETS LESS CURRENT LIABILITIES

325,922

275,016

PROVISIONS FOR LIABILITIES

5

43,114

33,614

NET ASSETS

282,808

241,402

CAPITAL AND RESERVES

Called up share capital

6

4

4

Retained earnings

282,804

241,398

SHAREHOLDERS' FUNDS

282,808

241,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 2023 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 Board of Directors and authorised for issue on 31 December 2023 and were signed on its behalf by:

S E 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2022 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

250,000

Revaluations

50,000

At 31 March 2023

300,000

NET BOOK VALUE

At 31 March 2023

300,000

At 31 March 2022

250,000

The directors considered the value of the investment property to be £300,000 (2022: £250,000) at the balance sheet date.

5.	PROVISIONS FOR LIABILITIES

31.3.23

31.3.22

£

£

Deferred tax

43,114

33,614

Deferred

tax

£

Balance at 1 April 2022

33,614

Provided during year

9,500

Balance at 31 March 2023

43,114

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

2

Ordinary

£1

4

4

7.	SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

S Campbell-Barr

Balance outstanding at start of year

1,428

6,337

Amounts advanced

3,800

2,367

Amounts repaid

-

(7,276

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,228

1,428

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S Campbell-Barr.