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Registered number: 03587296 SCHMIDT TECHNOLOGY LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
SCHMIDT TECHNOLOGY LIMITED REGISTERED NUMBER: 03587296 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 19,889 |  | 16,897 |
Cash at bank and in hand | 5 | 175,998 |  | 174,047 |
|  | 195,887 |  | 190,944 |
Creditors: amounts falling due within one year | 6 | (11,789) |  | (12,073) |
Net current assets |  |  | 184,098 |  | 178,871
Net assets |  |  | 184,098 |  | 178,871
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 200,000 |  | 200,000
Profit and loss account |  |  | (15,902) |  | (21,129)
|  |  | 184,098 |  | 178,871
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 profit and loss account 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:
................................................ S H Schmidt
Director
Date: 27 March 2026
The notes on pages 2 to 4 form part of these financial statements. Page 1
SCHMIDT TECHNOLOGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Schmidt Technology Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act. The Company is a private company limited by shares and is registered in England and Wales. The address of the Company's registered office is Suite 4, 7th Floor 50 Broadway, London, United Kigdon SW1H 0DB. The principal activity of the year under review was that of providing marketing and sales support to the parent company. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future and thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. The directors of the Company has received confirmation of continued financial support for the foreseeable future from the parent company, Schmidt Technology GmbH.
| 2.3 | Revenue
Turnover represents amounts charged to the parent entity under a services agreement exclusive of value added tax. Turnover is recognised when chargeable expenses are incurred.
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 2
SCHMIDT TECHNOLOGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.7 | 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.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 18,082 | 15,485
| Other debtors | 1,044 | 645
| Prepayments | 763 | 767
|  | 19,889 | 16,897
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SCHMIDT TECHNOLOGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 175,998 | 174,047
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 953 | 984
| Corporation tax | 1,161 | 1,042
| Other taxation and social security | 845 | 841
| Other creditors | - | 676
| Accruals | 8,830 | 8,530
|  | 11,789 | 12,073
7. | Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administred fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,952 (2024 - £2,565) Contributions totalling £nil (2024 - £676) were payable to the fund at the balance sheet date and included in creditors.
8. | Controlling party
The ultimate parent company and controlling party is Schmidt Technology GmbH, a company registered in Germany. No individual is deemed to have ultimate control of SCHMIDT Technology GmbH. The largest and smallest group in which the results of the company are consolidated is SCHMIDT Technology GmbH. Its principal place of business is Feldbergstrasse 1, 78112 St. Georgen, Germany.
9. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 1 April 2026 by Anthony Campbell (Senior Statutory Auditor) on behalf of Nortons Assurance Limited.
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