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SCHIADAS HOMES LTD

Unaudited Financial Statements

for the Year Ended 30 April 2024






SCHIADAS HOMES LTD (REGISTERED NUMBER: 11767450)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

SCHIADAS HOMES LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R Schiadas



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 11767450 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Lloyds Bank
17 Westgate
Wakefield
West Yorkshire
WF1 1JZ

SCHIADAS HOMES LTD (REGISTERED NUMBER: 11767450)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 730,275 731,198

CURRENT ASSETS
Debtors 5 2,846 3,746
Cash at bank and in hand 26,099 12,333
28,945 16,079
CREDITORS
Amounts falling due within one year 6 38,763 43,637
NET CURRENT LIABILITIES (9,818 ) (27,558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

720,457

703,640

CREDITORS
Amounts falling due after more than one
year

7

587,730

609,935
NET ASSETS 132,727 93,705

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 132,527 93,505
SHAREHOLDERS' FUNDS 132,727 93,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 30 July 2024 and were signed by:





R Schiadas - Director


SCHIADAS HOMES LTD (REGISTERED NUMBER: 11767450)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Schiadas Homes 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.

Turnover
The turnover represents rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 1 (2023 - 2 ) .

SCHIADAS HOMES LTD (REGISTERED NUMBER: 11767450)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 721,339 4,210 12,138 1,200 738,887
Additions - - 984 - 984
At 30 April 2024 721,339 4,210 13,122 1,200 739,871
DEPRECIATION
At 1 May 2023 - 2,013 5,277 399 7,689
Charge for year - 330 1,177 400 1,907
At 30 April 2024 - 2,343 6,454 799 9,596
NET BOOK VALUE
At 30 April 2024 721,339 1,867 6,668 401 730,275
At 30 April 2023 721,339 2,197 6,861 801 731,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Prepayments 2,846 3,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,480 6,541
Tax 9,661 13,389
Directors' loan accounts 15,637 18,072
Accrued expenses 6,985 5,635
38,763 43,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans more 5 yr by instal 26,730 188,935
Loan account 561,000 421,000
587,730 609,935

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 26,730 188,935

SCHIADAS HOMES LTD (REGISTERED NUMBER: 11767450)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary Share A £1 100 100
100 Ordinary Share B £1 100 100
200 200

9. RESERVES
Retained
earnings
£   

At 1 May 2023 93,505
Profit for the year 40,022
Dividends (1,000 )
At 30 April 2024 132,527

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Schiadas Homes Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Schiadas Homes Ltd for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Schiadas Homes Ltd in accordance with the terms of our engagement letter dated 15 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Schiadas Homes Ltd and state those matters that we have agreed to state to the director of Schiadas Homes Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Schiadas Homes Ltd and its director for our work or for this report.

It is your duty to ensure that Schiadas Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Schiadas Homes Ltd. You consider that Schiadas Homes Ltd 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 financial statements of Schiadas Homes Ltd. 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 financial statements.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


30 July 2024