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REGISTERED NUMBER: 12282119 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Scholfield Property Solutions Ltd

Scholfield Property Solutions Ltd (Registered number: 12282119)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Scholfield Property Solutions Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M W Scholfield
Mrs R R Kirkby-Scholfield





REGISTERED OFFICE: 23 Woodland Road
Darlington
Co. Durham
DL3 7BJ





REGISTERED NUMBER: 12282119 (England and Wales)





ACCOUNTANTS: Chrichard & Co
23 Woodland Road
Darlington
Co. Durham
DL3 7BJ

Scholfield Property Solutions Ltd (Registered number: 12282119)

Abridged Statement of Financial Position
31 October 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 380,573 379,643
Cash at bank 1,341 1,423
381,914 381,066
CREDITORS
Amounts falling due within one year 377,408 377,906
NET CURRENT ASSETS 4,506 3,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,506

3,160

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 4,406 3,060
SHAREHOLDERS' FUNDS 4,506 3,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Scholfield Property Solutions Ltd (Registered number: 12282119)

Abridged Statement of Financial Position - continued
31 October 2024


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 Statement of Financial Position for the year ended 31 October 2024 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 19 June 2025 and were signed on its behalf by:




M W Scholfield - Director



Mrs R R Kirkby-Scholfield - Director


Scholfield Property Solutions Ltd (Registered number: 12282119)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Scholfield Property Solutions 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - 2 ) .

4. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 223,101 223,101

Bath and West Finance Limited and Onesavings Bank PLC has a charge over property assets.

Scholfield Property Solutions Ltd (Registered number: 12282119)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100