REGISTERED NUMBER: 13872441 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SCHOEMAN UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A F Phillips

Mr J I Roos

Mr G P Visagie

Mr D J Wolfaardt

REGISTERED OFFICE:

Ground Floor Marlborough House,

298 Regents Park Road,,

London,

N3 2SZ

REGISTERED NUMBER:

13872441 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Investments

4

6,795,272

6,910,233

CURRENT ASSETS

Debtors

5

756,342

702,475

Cash at bank

192

1,656

756,534

704,131

CREDITORS

Amounts falling due within one year

6

5,098

4,713

NET CURRENT ASSETS

751,436

699,418

TOTAL ASSETS LESS CURRENT LIABILITIES

7,546,708

7,609,651

CREDITORS

Amounts falling due after more than one year

7

10,118,032

9,321,662

NET LIABILITIES

(2,571,324

)

(1,712,011

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

(2,571,326

)

(1,712,013

)

SHAREHOLDERS' FUNDS

(2,571,324

)

(1,712,011

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 3 November 2025 and were signed on its behalf by:

Mr D J Wolfaardt - Director

Mr J I Roos - Director

1.	STATUTORY INFORMATION

Schoeman UK 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern disclosure

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 March 2024

and 28 February 2025

7,597,311

PROVISIONS

At 1 March 2024

687,078

Impairments

114,961

At 28 February 2025

802,039

NET BOOK VALUE

At 28 February 2025

6,795,272

At 29 February 2024

6,910,233

The above provisions is balance of equity accounting and impairment is share in loss of associates.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Loan to group company

756,342

702,475

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Accruals and deferred income

5,098

4,713

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Amounts owed to group undertakings

10,118,032

9,321,662

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

2

Ordinary Shares

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 March 2024

(1,712,013

)

Deficit for the year

(859,313

)

At 28 February 2025

(2,571,326

)

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, included in creditors due more than one year is an amount of £10,118,032 (2024: £9,321,662) owed to the group undertaking SI Invest (Pty) Ltd.

Interest expense of £795,370 (2024: £709,610) has accrued on this loan in the current period.

At the balance sheet date, included in debtors less than one year is an amount of £756,342 (2024:

£702,475) owed by the group undertaking Agri Technovation International Limited.

Interest income of 50,288. (2024: £46,609) has accrued on this loan in the current period.