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REGISTERED NUMBER: 03026672 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SCHWARZSCHILD OCHS PTY LTD

SCHWARZSCHILD OCHS PTY LTD (REGISTERED NUMBER: 03026672)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SCHWARZSCHILD OCHS PTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs S G Lowin
I R D Alexander





SECRETARY: Mrs S G Lowin





REGISTERED OFFICE: Riverside House
3 Place Farm
Wheathampstead
Hertfordshire
AL4 8SB





REGISTERED NUMBER: 03026672 (England and Wales)





ACCOUNTANTS: Heartwood Accountants Limited
Riverside House
3 Place Farm
Wheathampstead
Hertfordshire
AL4 8SB

SCHWARZSCHILD OCHS PTY LTD (REGISTERED NUMBER: 03026672)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 960,000 960,000

CURRENT ASSETS
Debtors 6,063 31,406
Cash at bank 333,252 415,385
339,315 446,791
CREDITORS
Amounts falling due within one year 143,049 142,916
NET CURRENT ASSETS 196,266 303,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,156,266

1,263,875

PROVISIONS FOR LIABILITIES 5 159,053 120,880
NET ASSETS 997,213 1,142,995

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 515,332 515,332
Retained earnings 7 481,781 627,563
SHAREHOLDERS' FUNDS 997,213 1,142,995

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





Mrs S G Lowin - Director


SCHWARZSCHILD OCHS PTY LTD (REGISTERED NUMBER: 03026672)

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

1. STATUTORY INFORMATION

Schwarzschild Ochs Pty Ltd 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
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date. Any impairments are set against the revaluation reserves whilst any increase in fair value is recognised in profit and loss.

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 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 January 2023
and 31 December 2023 960,000
NET BOOK VALUE
At 31 December 2023 960,000
At 31 December 2022 960,000

The company's investment properties comprise one property, as follows;

210, Great Portland Street, London, W1W 5BQ, which the directors have valued at £960,000 as at 31 December 2023, on a fair value basis. The historical cost of this property amounts to £323,788.

.

SCHWARZSCHILD OCHS PTY LTD (REGISTERED NUMBER: 03026672)

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

5. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 159,053 120,880

Deferred
tax
£   
Balance at 1 January 2023 120,880
Charge on revaluation 38,173
Balance at 31 December 2023 159,053

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £ £
100 Ordinary £1 shares 1 100 100

Called-up share capital represents the nominal value of shares that have been issued.

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 627,563 515,332 1,142,895
Deficit for the year (145,782 ) (145,782 )
At 31 December 2023 481,781 515,332 997,113

The Revaluation reserve records the value of asset revaluations net of a deferred tax provision for the potential tax on the gain.