Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity1816truetruefalse 03154203 2023-05-01 2024-04-30 03154203 2024-04-30 03154203 2022-05-01 2023-04-30 03154203 2023-04-30 03154203 c:Director4 2023-05-01 2024-04-30 03154203 d:MotorVehicles 2023-05-01 2024-04-30 03154203 d:FurnitureFittings 2023-05-01 2024-04-30 03154203 d:OfficeEquipment 2023-05-01 2024-04-30 03154203 d:OtherPropertyPlantEquipment 2024-04-30 03154203 d:OtherPropertyPlantEquipment 2023-04-30 03154203 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03154203 d:Goodwill 2024-04-30 03154203 d:Goodwill 2023-04-30 03154203 d:LeaseholdInvestmentProperty 2024-04-30 03154203 d:LeaseholdInvestmentProperty 2023-04-30 03154203 d:CurrentFinancialInstruments 2024-04-30 03154203 d:CurrentFinancialInstruments 2023-04-30 03154203 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03154203 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03154203 d:ShareCapital 2024-04-30 03154203 d:ShareCapital 2023-04-30 03154203 d:RetainedEarningsAccumulatedLosses 2024-04-30 03154203 d:RetainedEarningsAccumulatedLosses 2023-04-30 03154203 c:FRS102 2023-05-01 2024-04-30 03154203 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03154203 c:FullAccounts 2023-05-01 2024-04-30 03154203 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03154203 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 03154203







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


SCH MANAGEMENT LIMITED






































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SCH MANAGEMENT LIMITED
REGISTERED NUMBER:03154203



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
7,553
8,924

Investment property
  
250,000
250,000

  
257,553
258,924

Current assets
  

Stocks
  
8,822
5,688

Debtors: amounts falling due within one year
 7 
7,897
8,136

Cash at bank and in hand
  
226,037
159,004

  
242,756
172,828

Creditors: amounts falling due within one year
 8 
(85,446)
(65,896)

Net current assets
  
 
 
157,310
 
 
106,932

Total assets less current liabilities
  
414,863
365,856

Provisions for liabilities
  

Deferred tax
  
(15,029)
(15,029)

  
 
 
(15,029)
 
 
(15,029)

Net assets
  
399,834
350,827


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
398,834
349,827

  
399,834
350,827


Page 1

 


SCH MANAGEMENT LIMITED
REGISTERED NUMBER:03154203


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 January 2025.


S J Hardstone
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


SCH MANAGEMENT LIMITED
 


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

1.


General information

SCH Management Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is situated at The Jolly Farmer, High Street, Bramley, Guildford, Surrey, GU5 0HB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


 
2.5

Intangible assets - Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life.
Page 3

 


SCH MANAGEMENT LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
15%
Office equipment
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
The directors consider that the leasehold property value is equal to cost and hence have not depreciated the asset.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 


SCH MANAGEMENT LIMITED
 


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

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 16).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
292,564



At 30 April 2024

292,564



Amortisation


At 1 May 2023
292,564



At 30 April 2024

292,564



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 5

 


SCH MANAGEMENT LIMITED
 


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

5.


Tangible fixed assets





Other plant and machinery etc.

£



Cost or valuation


At 1 May 2023
41,284



At 30 April 2024

41,284



Depreciation


At 1 May 2023
32,360


Charge for the year on owned assets
1,371



At 30 April 2024

33,731



Net book value



At 30 April 2024
7,553



At 30 April 2023
8,924


6.


Investment property


Long term leasehold investment property

£



Valuation


At 1 May 2023
250,000



At 30 April 2024
250,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.







Page 6

 


SCH MANAGEMENT LIMITED
 


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

7.


Debtors

2024
2023
£
£


Other debtors
5,002
5,316

Prepayments and accrued income
2,895
2,820

7,897
8,136



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,571
7,526

Corporation tax
41,213
29,863

Other taxation and social security
24,233
21,244

Other creditors
10,279
1,465

Accruals and deferred income
4,150
5,798

85,446
65,896





9.


Transactions with directors

At the year end the directors were owed £3,383 by the company (2023 - £497). No interest was paid on the loan.

Page 7