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REGISTERED NUMBER: 14205358 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SCHOLTZ FAMILY LTD

SCHOLTZ FAMILY LTD (REGISTERED NUMBER: 14205358)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


SCHOLTZ FAMILY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr S W J Scholtz
Mrs J Scholtz
Mrs A Scholtz
Mr S A Scholtz





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 14205358 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

SCHOLTZ FAMILY LTD (REGISTERED NUMBER: 14205358)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the ownership and management of commercial property.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

Mr S W J Scholtz
Mrs J Scholtz
Mrs A Scholtz
Mr S A Scholtz

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr S W J Scholtz - Director


12 November 2024

SCHOLTZ FAMILY LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SCHOLTZ FAMILY LTD


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 30 June 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


12 November 2024

SCHOLTZ FAMILY LTD (REGISTERED NUMBER: 14205358)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

Period
30.6.22
Year Ended to
30.6.24 30.6.23
£    £   

TURNOVER 114,499 125,556

Administrative expenses 18,907 18,442
OPERATING PROFIT and
PROFIT BEFORE TAXATION 95,592 107,114

Tax on profit 23,898 21,422
PROFIT FOR THE FINANCIAL YEAR 71,694 85,692

SCHOLTZ FAMILY LTD (REGISTERED NUMBER: 14205358)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,121,913 1,121,913

CURRENT ASSETS
Debtors 5 3,076 4,445
Cash at bank 61,154 40,438
64,230 44,883
CREDITORS
Amounts falling due within one year 6 30,037 26,384
NET CURRENT ASSETS 34,193 18,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,156,106

1,140,412

CREDITORS
Amounts falling due after more than one
year

7

1,068,716

1,124,716
NET ASSETS 87,390 15,696

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 87,386 15,692
SHAREHOLDERS' FUNDS 87,390 15,696

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

SCHOLTZ FAMILY LTD (REGISTERED NUMBER: 14205358)

BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr S W J Scholtz - Director


SCHOLTZ FAMILY LTD (REGISTERED NUMBER: 14205358)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,121,913
NET BOOK VALUE
At 30 June 2024 1,121,913
At 30 June 2023 1,121,913

In the opinion of the directors, the fair value of the investment properties is considered to be £1,121,913 as at 30 June 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 3,076 4,445

SCHOLTZ FAMILY LTD (REGISTERED NUMBER: 14205358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,159 -
Corporation tax 23,878 21,422
VAT 5,000 4,962
30,037 26,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Directors' loan accounts 1,068,716 1,124,716

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
4 Ordinary 1 4 4

9. RESERVES
Retained
earnings
£   

At 1 July 2023 15,692
Profit for the year 71,694
At 30 June 2024 87,386

10. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due after one year, is an amount of £1,068,720 (2023: £1,124,716) owed to the company directors.