SCHUMANN INVESTMENTS LIMITED

Company Registration Number:
13052928 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

SCHUMANN INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

SCHUMANN INVESTMENTS LIMITED

Company Information

for the Period Ended 31 December 2023




Registered office: 1
Halidon Walk
Croftin Grange
Blyth
Northumberland
GBR
NE24 4JY
Company Registration Number: 13052928 (England and Wales)

SCHUMANN INVESTMENTS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 95,500 95,500
Total fixed assets: 95,500 95,500
Current assets
Cash at bank and in hand: 3,310 2,870
Total current assets: 3,310 2,870
Prepayments and accrued income: 57 53
Creditors: amounts falling due within one year: 6 ( 86,499 ) ( 86,965 )
Net current assets (liabilities): ( 83,132 ) ( 84,042 )
Total assets less current liabilities: 12,368 11,458
Provision for liabilities: ( 1,623 ) ( 1,623 )
Accruals and deferred income: ( 650 )
Total net assets (liabilities): 10,095 9,835

The notes form part of these financial statements

SCHUMANN INVESTMENTS LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 6,917 6,917
Profit and loss account: 3,078 2,818
Shareholders funds: 10,095 9,835

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 16 August 2024
And Signed On Behalf Of The Board By:

Name: Ho Choi Bons Chan
Status: Director

The notes form part of these financial statements

SCHUMANN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discount, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

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

    Other accounting policies

    Taxation Taxation for the period comprises current and deferred tax. Tax is recognized in the Income Statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognized 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.

SCHUMANN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

SCHUMANN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

SCHUMANN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Dividends


2023
£

2022
£
Dividends paid 2,000 0

SCHUMANN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Tangible assets

Land & buildings Total
Cost £ £
At 01 January 2023 95,500 95,500
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 95,500 95,500
Depreciation
At 01 January 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 December 2023 - -
Net book value
At 31 December 2023 95,500 95,500
At 31 December 2022 95,500 95,500

SCHUMANN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 530 4
Other creditors 85,969 86,961
Total 86,499 86,965

SCHUMANN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Revaluation reserve


2023
£
Balance at 01 January 2023 6,917
Surplus or deficit after revaluation 0
Balance at 31 December 2023 6,917

Revaluation gain in 2022 £8,540 - deferred tax arising on revaluation £1,623 = £6,917