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REGISTERED NUMBER: 14135397 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 MAY 2022 TO 31 MAY 2023

FOR

SCHNUS LIMITED

SCHNUS LIMITED (REGISTERED NUMBER: 14135397)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 MAY 2022 TO 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCHNUS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 26 MAY 2022 TO 31 MAY 2023







DIRECTOR: J Tessier





REGISTERED OFFICE: 6 Green Lane
London
SE9 3TL





REGISTERED NUMBER: 14135397 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

SCHNUS LIMITED (REGISTERED NUMBER: 14135397)

BALANCE SHEET
31 MAY 2023

Notes £    £   
FIXED ASSETS
Investment property 4 388,140

CURRENT ASSETS
Debtors 5 500
Cash at bank and in hand 2,115
2,615
CREDITORS
Amounts falling due within one year 6 113,525
NET CURRENT LIABILITIES (110,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,230

CREDITORS
Amounts falling due after more than one
year

7

283,790
NET LIABILITIES (6,560 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (6,660 )
SHAREHOLDERS' FUNDS (6,560 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

SCHNUS LIMITED (REGISTERED NUMBER: 14135397)

BALANCE SHEET - continued
31 MAY 2023


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 16 February 2024 and were signed by:





J Tessier - Director


SCHNUS LIMITED (REGISTERED NUMBER: 14135397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 MAY 2022 TO 31 MAY 2023

1. STATUTORY INFORMATION

SCHNUS 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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 period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 388,140
At 31 May 2023 388,140
NET BOOK VALUE
At 31 May 2023 388,140

SCHNUS LIMITED (REGISTERED NUMBER: 14135397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 MAY 2022 TO 31 MAY 2023

4. INVESTMENT PROPERTY - continued

The director is in the opinion that, currently, the market value of the property is not materially different from the cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,638
Other creditors 110,887
113,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 283,790

Included under creditors over one year are amounts of £283,790 relates to the balance of monies owed to the director incorporating the balance of monies invested in the company from his own family reserves. The director considers this amount as a long term investment and will not withdraw this until the company's finances are in a position to enable this to be done without impacting on the business.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.