REGISTERED NUMBER: 08957244 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 September 2024

for

SCH Commercial Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. R J Hooson

Mr. B Shaw

REGISTERED OFFICE:

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

REGISTERED NUMBER:

08957244 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

3,257

4,527

Investment property

5

1,459,843

1,459,843

1,463,100

1,464,370

CURRENT ASSETS

Debtors

6

185,325

214,386

Cash at bank and in hand

7,427

3,102

192,752

217,488

CREDITORS

Amounts falling due within one year

7

159,964

107,694

NET CURRENT ASSETS

32,788

109,794

TOTAL ASSETS LESS CURRENT LIABILITIES

1,495,888

1,574,164

CREDITORS

Amounts falling due after more than one year

8

(784,282

)

(799,338

)

PROVISIONS FOR LIABILITIES

(307,431

)

(180,679

)

NET ASSETS

404,175

594,147

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

664,459

664,459

Retained earnings

(260,384

)

(70,412

)

SHAREHOLDERS' FUNDS

404,175

594,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

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 Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mr. R J Hooson - Director

Mr. B Shaw - Director

1.	STATUTORY INFORMATION

SCH Commercial Properties Limited 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.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 30 September 2023

and 29 September 2024

296

3,250

2,270

5,816

DEPRECIATION

At 30 September 2023

47

542

700

1,289

Charge for year

38

541

691

1,270

At 29 September 2024

85

1,083

1,391

2,559

NET BOOK VALUE

At 29 September 2024

211

2,167

879

3,257

At 29 September 2023

249

2,708

1,570

4,527

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 September 2023

and 29 September 2024

1,459,843

NET BOOK VALUE

At 29 September 2024

1,459,843

At 29 September 2023

1,459,843

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Trade debtors

82,338

42,717

Amounts owed by associates

32,987

101,669

Other debtors

70,000

70,000

185,325

214,386

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Bank loans and overdrafts (see note 9)

27,338

27,338

Trade creditors

35,689

13,308

Amounts owed to associates

27,705

21,446

Taxation and social security

36,477

21,788

Other creditors

32,755

23,814

159,964

107,694

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.9.24

29.9.23

£

£

Bank loans (see note 9)

784,282

799,338

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

703,367

708,671

9.

LOANS

An analysis of the maturity of loans is given below:

29.9.24

29.9.23

£

£

Amounts falling due within one year or on demand:

Bank loans

27,338

27,338

Amounts falling due between one and two years:

Bank loans - 1-2 years

25,415

28,500

Amounts falling due between two and five years:

Bank loans - 2-5 years

55,500

62,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

703,367

708,671

10.	SECURED DEBTS

The following secured debts are included within creditors:

29.9.24

29.9.23

£

£

Bank loans

811,620

826,676

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year is a loan from directors of £962 (2023 - £781). The loans are interest free with no fixed date for repayment.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £17,269 (2023 - £11,046) to SCH Renewable Energies Limited. Mr R Hooson and Mr B Shaw, directors in SCH Commercial Properties Limited are also directors in SCH Renewable Energies Limited.

At the balance sheet date, the company owed £10,400 (2023 - £10,400) to Vandalite Partnership. Mr R Hooson and Mr B Shaw, directors in SCH Commercial Properties Limited are partners in Vandalite Partnership.

At the balance sheet date, the company was owed £32,987 (2023 - £101,669) from Key Part Solutions Ltd. Mr R Hooson and Mr B Shaw, directors in SCH Commercial Properties Limited are also directors in Key Part Solutions Ltd.

At the balance sheet date, the company was owed £36 (2023 - £NIL) from Vandaled Technologies Ltd. Mr R Hooson and Mr B Shaw, directors in SCH Commercial Properties Limited are also directors in Vandaled Technologies Ltd.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is its directors.