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Registered number: 09572421 SCHNEIDER PROPERTY FINANCE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
SCHNEIDER PROPERTY FINANCE LIMITED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SCHNEIDER PROPERTY FINANCE LIMITED FOR THE YEAR ENDED 31 MARCH 2024 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Schneider Property Finance Limited for the year ended 31 March 2025 which comprise the Statement of Financial Position 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 at https://www.icaew.com /regulation. This report is made solely to the Board of Directors of Schneider Property Finance Limited, as a body, in accordance with the terms of our engagement letter dated 29 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Schneider Property Finance Limited and state those matters that we have agreed to state to the Board of Directors of Schneider Property Finance Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Schneider Property Finance Limited and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that Schneider Property Finance 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 loss of Schneider Property Finance Limited. You consider that Schneider Property Finance Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Schneider Property Finance 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. Berg Kaprow Lewis LLP Accountants London 18 November 2025 Page 1
SCHNEIDER PROPERTY FINANCE LIMITED REGISTERED NUMBER: 09572421 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 25,795,624 |  | 16,274,100 |
Cash at bank and in hand |  | 2,705,643 |  | 459,061 |
|  | 28,501,267 |  | 16,733,161 |
Creditors: amounts falling due within one year | 6 | (12,627,407) |  | (7,298,438) |
Net current assets |  |  | 15,873,860 |  | 9,434,723
Total assets less current liabilities |  |  | 15,873,860 |  | 9,434,723
Creditors: amounts falling due after more than one year | 7 |  | (15,950,000) |  | (9,500,000)
Net liabilities |  |  | (76,140) |  | (65,277)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 510 |  | 510
Share premium account |  |  | 129,500 |  | 129,500
Profit and loss account |  |  | (206,150) |  | (195,287)
|  |  | (76,140) |  | (65,277)
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SCHNEIDER PROPERTY FINANCE LIMITED REGISTERED NUMBER: 09572421 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 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 by:
A P Lewin
Director
Date: 18 November 2025
The notes on pages 4 to 8 form part of these financial statements. Page 3
SCHNEIDER PROPERTY FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The Company's principal activity is that of providing loan finance to property trading companies. The Company is a private company limited by shares and is incorporated and domiciled in England and Wales. The address of its Registered Office is 1 Bedford Row, London, WC1R 4BU. 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 | Going concern
As at the year end, the Company had net liabilities of £76,140 (2024: £65,277) and incurred a loss of the year of £10,863 (2024: £3,765) Based on the performance and the continued support from the owners of the company, alongside fellow subsidaries not seeking repayment of existing loans made to the company, the directors are confident that the company has access to sufficient funds to meet its obligations as they fall due for the forseeable future.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is Sterling. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 4
SCHNEIDER PROPERTY FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover comprises interest receivable and profit share in respect of loans issued. Interest is recognised over the period in which it relates and profit share is recognised on the practical completion of the related property.
| 2.5 | Interest income
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to Statement of Income and Retained Earnings 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.
| 2.7 | Borrowing costs
All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | 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. (i) Financial assets Basic financial assets, including loans, other debtors and accrued income, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings. Page 5
SCHNEIDER PROPERTY FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
(ii) Financial liabilities Basic financial liabilities, including loans from fellow group companies and accruals are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Taxation
Total taxable losses carried forward are approximately £203,000 (2024: £192,000), but no deferred tax asset has been recognised due to the uncertainty of future profits of the company.
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 24,577,088 | 15,526,349
| Other debtors | 44,683 | 10,582
| Prepayments and accrued income | 1,173,853 | 737,169
|  | 25,795,624 | 16,274,100
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 12,590,207 | 7,266,667
| Accruals and deferred income | 37,200 | 31,771
|  | 12,627,407 | 7,298,438
| Amounts owed to group undertakings are unsecured and interest bearing.
Page 6
SCHNEIDER PROPERTY FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 15,950,000 | 9,500,000
|  | 15,950,000 | 9,500,000
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 15,950,000 | 9,500,000
|  | 15,950,000 | 9,500,000
| Details of security provided:
Bank loans are secured by a debenture comprising fixed and floating charges over all the assets and undertakings of Schneider Property Finance Limited.
8. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due 1-2 years |  |
| Bank loans | (15,950,000) | -
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 51,001 (2024 - 51,001) Ordinary shares of £0.01 each | 510 | 510
Page 7
SCHNEIDER PROPERTY FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Related party transactions
| Included in creditors is a balance of £12,590,207 (2024: £7,266,666) owed to Schneider Investment Associates LLP (an undertaking under common control). This balance is unsecured and repayable on demand. Interest payable on the loan is calculated as total interest and profit share receivable on onward lending. Included within turnover is interest and profit share receivable of £1,034,049 (2024: £630,080) from a related company. Included within cost of sales is interest paid and profit share payable of £2,957,809 (2024: £1,859,530) to an undertaking under common control.
11. | Controlling party
At the balance sheet date, the immediate parent undertaking was Schneider Holdings London Limited, a company incorporated and registered in England and Wales. Schneider Holdings London Limited prepare consolidated accounts which are available at its Registered Office at 1 Bedford Row, London, WC1R 4BU. The ultimate controlling party is SDW Schneider by virtue of his majority shareholding in Schneider Holdings London Limited.
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