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REGISTERED NUMBER: 11155851 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SCHLOPHIE LIMITED

SCHLOPHIE LIMITED (REGISTERED NUMBER: 11155851)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SCHLOPHIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr D Zenios





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 11155851 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

SCHLOPHIE LIMITED (REGISTERED NUMBER: 11155851)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,114,539 1,147,073

CURRENT ASSETS
Debtors 5 721,584 423,009
Cash at bank and in hand 4,147 5,139
725,731 428,148
CREDITORS
Amounts falling due within one year 6 561,325 561,319
NET CURRENT ASSETS/(LIABILITIES) 164,406 (133,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,278,945

1,013,902

PROVISIONS FOR LIABILITIES - 5,765
NET ASSETS 1,278,945 1,008,137

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 7 - 24,578
Retained earnings 1,278,845 983,459
SHAREHOLDERS' FUNDS 1,278,945 1,008,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 9 October 2023 and were signed by:





Mr D Zenios - Director


SCHLOPHIE LIMITED (REGISTERED NUMBER: 11155851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Schlophie 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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiaries are measured at fair values.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 February 2022 550 1,146,523 1,147,073
Revaluations 6,450 (38,984 ) (32,534 )
At 31 January 2023 7,000 1,107,539 1,114,539
NET BOOK VALUE
At 31 January 2023 7,000 1,107,539 1,114,539
At 31 January 2022 550 1,146,523 1,147,073

SCHLOPHIE LIMITED (REGISTERED NUMBER: 11155851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 January 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 450 29,893 30,343
Valuation in 2023 6,450 (38,984 ) (32,534 )
Cost 100 1,116,630 1,116,730
7,000 1,107,539 1,114,539

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,116,730 1,116,730

Fixed asset investments were valued on a fair value basis on 31 January 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 632,284 343,809
Other debtors 89,300 79,200
721,584 423,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 98 199
Other creditors 561,227 561,120
561,325 561,319

7. RESERVES
Non-distributable
reserves
£   
At 1 February 2022 24,578
Non-distributable reserves (24,578 )

At 31 January 2023 -

8. RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an interest free amount of £63 (2022: £46) due to Mr D Zenios, director of the company.

9. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of Mr D Zenios, director of the company.