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REGISTERED NUMBER: 04665068 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022

FOR

SHELFORD INVESTMENT PROPERTY LTD

SHELFORD INVESTMENT PROPERTY LTD (REGISTERED NUMBER: 04665068)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHELFORD INVESTMENT PROPERTY LTD

COMPANY INFORMATION
for the Year Ended 30th June 2022







DIRECTORS: J R Whysall
Mrs S Whysall





SECRETARY: J R Whysall





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04665068 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

SHELFORD INVESTMENT PROPERTY LTD (REGISTERED NUMBER: 04665068)

BALANCE SHEET
30th June 2022

30/6/22 30/6/21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 121,000 132,000

CURRENT ASSETS
Debtors 5 41,625 28,173
Cash at bank 76,049 65,137
117,674 93,310
CREDITORS
Amounts falling due within one year 6 12,752 7,620
NET CURRENT ASSETS 104,922 85,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,922

217,690

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 225,920 217,688
SHAREHOLDERS' FUNDS 225,922 217,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2022 and were signed on its behalf by:




J R Whysall - Director


SHELFORD INVESTMENT PROPERTY LTD (REGISTERED NUMBER: 04665068)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2022

1. STATUTORY INFORMATION

Shelford Investment Property Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent and insurance recharges invoiced to tenants during the year exclusive of VAT.

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 Statement of Income and Retained Earnings, 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 NIL (2021 - NIL).

SHELFORD INVESTMENT PROPERTY LTD (REGISTERED NUMBER: 04665068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2021
and 30th June 2022 282,000
DEPRECIATION
At 1st July 2021 150,000
Charge for year 11,000
At 30th June 2022 161,000
NET BOOK VALUE
At 30th June 2022 121,000
At 30th June 2021 132,000

Fair value at 30th June 2022 is represented by:
£   
Valuation in 2005 24,851
Valuation in 2019 42,000
Cost 215,149
282,000

If the investment property had not been revalued it would have been included at the following historical cost:

30/6/22 30/6/21
£    £   
Cost 215,149 215,149
Aggregate depreciation (136,262 ) (129,090 )

The investment property was valued on an open market basis on 30th June 2022 by Mr J R Whysall FRICS .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/22 30/6/21
£    £   
Other debtors 41,625 27,625
VAT - 548
41,625 28,173

SHELFORD INVESTMENT PROPERTY LTD (REGISTERED NUMBER: 04665068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/22 30/6/21
£    £   
Tax 5,449 4,938
Directors' current accounts 5,628 2,102
Accrued expenses 1,675 580
12,752 7,620

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30/6/22 30/6/21
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

Mr J R Whysall and Mrs S Whysall together own 100% of the companys issued share capital.