Scholey Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02140760 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SCHOLEY PROPERTIES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mrs S M Scholey DL

SECRETARY:

Mrs S M Scholey DL

REGISTERED OFFICE:

Apex House

Church Lane

Adwick-Le-Street

Doncaster

South Yorkshire

DN6 7AY

REGISTERED NUMBER:

02140760 (England and Wales)

ACCOUNTANTS:

A Wigglesworth And Company Ltd

Armstrong House

First Avenue

Finningley

Doncaster

South Yorkshire

DN9 3GA

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scholey Properties Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Scholey Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scholey Properties Limited and state those matters that we have agreed to state to the director of Scholey Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scholey Properties Limited and its director for our work or for this report.

It is your duty to ensure that Scholey Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scholey Properties Limited. You consider that Scholey Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Scholey Properties Limited. 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 statutory financial statements.

A Wigglesworth And Company Ltd

Armstrong House

First Avenue

Finningley

Doncaster

South Yorkshire

DN9 3GA

29 April 2025

FIXED ASSETS

Tangible assets

4

86,521

87,554

CURRENT ASSETS

Debtors

5

1,158,706

1,188,706

Cash at bank

11,477

196

1,170,183

1,188,902

CREDITORS

Amounts falling due within one year

6

1,037,416

1,078,569

NET CURRENT ASSETS

132,767

110,333

TOTAL ASSETS LESS CURRENT
LIABILITIES

219,288

197,887

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

219,188

197,787

SHAREHOLDERS' FUNDS

219,288

197,887

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 29 April 2025 and were signed by:

Mrs S M Scholey DL - Director

1.	STATUTORY INFORMATION

Scholey 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

1% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

103,308

DEPRECIATION

At 1 January 2024

15,754

Charge for year

1,033

At 31 December 2024

16,787

NET BOOK VALUE

At 31 December 2024

86,521

At 31 December 2023

87,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Scholey-Haxby Investments Inc.

1,158,706

Prepayments and accrued income

-

30,000

1,158,706

1,188,706

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Tax

5,262

5,415

Wilfreda Luxury Coaches

854,944

Directors' current accounts

131,684

172,684

Accrued expenses

45,526

1,037,416

1,078,569

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

1

100

8.

RESERVES

Retained

earnings

£

At 1 January 2024

197,787

Profit for the year

21,401

At 31 December 2024

219,188