SCHNU PROPERTY LIMITED

SCHNU PROPERTY LIMITED

SCHNU PROPERTY LIMITED - Company Information

Print Friendly Version

1 September 2020 false Taxfiler 2021.20 06667913business:PrivateLimitedCompanyLtd2020-09-012021-08-31 066679132020-08-31 066679132020-09-012021-08-31 06667913business:AuditExemptWithAccountantsReport2020-09-012021-08-31 06667913business:FullAccounts2020-09-012021-08-31 066679132021-08-31 06667913business:Director12020-09-012021-08-31 06667913business:RegisteredOffice2020-09-012021-08-31 066679132020-08-31 06667913core:WithinOneYear2021-08-31 06667913core:WithinOneYear2020-08-31 06667913core:AfterOneYear2021-08-31 06667913core:AfterOneYear2020-08-31 06667913core:ShareCapital2021-08-31 06667913core:ShareCapital2020-08-31 06667913core:RetainedEarningsAccumulatedLosses2021-08-31 06667913core:RetainedEarningsAccumulatedLosses2020-08-31 06667913business:SmallEntities2020-09-012021-08-31 06667913countries:EnglandWales2020-09-012021-08-31 06667913core:LandBuildings2020-09-012021-08-31 06667913core:LandBuildings2020-08-31 06667913core:LandBuildings2021-08-31 06667913business:OrdinaryShareClass12020-09-012021-08-31 06667913business:OrdinaryShareClass12019-09-012020-08-31 066679132019-09-012020-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06667913 (England and Wales)
SCHNU PROPERTY LIMITED Unaudited accounts for the year ended 31 August 2021
SCHNU PROPERTY LIMITED Unaudited accounts Contents
Page
- 2 -
SCHNU PROPERTY LIMITED Company Information for the year ended 31 August 2021
Director
Belinda Katie Kew Ogden
Company Number
06667913 (England and Wales)
Registered Office
103 High Street Waltham Cross Hertfordshire EN8 7AN
Accountants
Simpl Accountants and Business Advisory Limited 103 High Street Waltham Cross Herts EN87AN
- 3 -
SCHNU PROPERTY LIMITED Accountants' report
Accountants' report to the director of SCHNU PROPERTY LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SCHNU PROPERTY LIMITED for the year ended 31 August 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SCHNU PROPERTY LIMITED, as a body, in accordance with the terms of our engagement letter dated 3 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of SCHNU PROPERTY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SCHNU PROPERTY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SCHNU PROPERTY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SCHNU PROPERTY LIMITED. You consider that SCHNU PROPERTY LIMITED 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 accounts of SCHNU PROPERTY LIMITED. 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 accounts.
Simpl Accountants and Business Advisory Limited 103 High Street Waltham Cross Herts EN87AN 6 December 2021
- 4 -
SCHNU PROPERTY LIMITED Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
110,000 
Investment property
5
110,000 
- 
110,000 
110,000 
Current assets
Debtors
6
401 
553 
Cash at bank and in hand
13,841 
21,458 
14,242 
22,011 
Creditors: amounts falling due within one year
7
(19,487)
(123,555)
Net current liabilities
(5,245)
(101,544)
Total assets less current liabilities
104,755 
8,456 
Creditors: amounts falling due after more than one year
8
(104,000)
- 
Net assets
755 
8,456 
Capital and reserves
Called up share capital
9
100 
100 
Profit and loss account
655 
8,356 
Shareholders' funds
755 
8,456 
For the year ending 31 August 2021 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.
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 6 December 2021 and were signed on its behalf by
Belinda Katie Kew Ogden Director Company Registration No. 06667913
- 5 -
SCHNU PROPERTY LIMITED Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
SCHNU PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06667913. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is provided on the company's freehold property.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2020
110,000 
Transfer to investment property
(110,000)
At 31 August 2021
- 
Depreciation
At 31 August 2021
- 
Net book value
At 31 August 2021
- 
At 31 August 2020
110,000 
5
Investment property
2021 
£ 
Transfers from tangible fixed assets
110,000 
At 31 August 2021
110,000 
- 6 -
SCHNU PROPERTY LIMITED Notes to the Accounts for the year ended 31 August 2021
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
401 
553 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
- 
68 
Other creditors
19,487 
104,000 
Loans from directors
- 
19,487 
19,487 
123,555 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Loans from directors
104,000 
- 
9
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
The company was under the control of Ms B.Kew throughout the current year. Ms B.Kew is personally interested in 100% of the company's share capital.
11
Average number of employees
During the year the average number of employees was 1 (2020: 1).
- 7 -