Company Registration No. 01806302 (England and Wales)
Sheldon Properties (Surrey) Limited
Unaudited accounts
for the year ended 31 July 2023
Sheldon Properties (Surrey) Limited
Unaudited accounts
Contents
Sheldon Properties (Surrey) Limited
Company Information
for the year ended 31 July 2023
Directors
Michael Sheldon Dover
Steven Sheldon Dover
Samantha Charlotte Sheldon Dover
Secretary
Peter Malcolm Smith
Company Number
01806302 (England and Wales)
Registered Office
28 Downsview Avenue
Storrington
Pulborough
West Sussex
RH20 4PS
Sheldon Properties (Surrey) Limited
Statement of financial position
as at 31 July 2023
Investment property
78,750
78,750
Investments
323,231
326,664
Cash at bank and in hand
23,532
29,143
Creditors: amounts falling due within one year
(7,228)
(6,705)
Net current assets
404,740
410,835
Total assets less current liabilities
807,057
816,708
Provisions for liabilities
Deferred tax
(16,285)
(17,480)
Net assets
790,772
799,228
Called up share capital
100,100
100,100
Profit and loss account
690,672
699,128
Shareholders' funds
790,772
799,228
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by
Michael Sheldon Dover
Director
Company Registration No. 01806302
Sheldon Properties (Surrey) Limited
Notes to the Accounts
for the year ended 31 July 2023
Sheldon Properties (Surrey) Limited is a private company, limited by shares, registered in England and Wales, registration number 01806302. The registered office is 28 Downsview Avenue, Storrington, Pulborough, West Sussex, RH20 4PS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
13,842
5,906
19,748
At 31 July 2023
13,842
5,906
19,748
At 1 August 2022
13,677
5,612
19,289
Charge for the year
25
98
123
At 31 July 2023
13,702
5,710
19,412
At 31 July 2023
140
196
336
At 31 July 2022
165
294
459
Fair value at 1 August 2022
78,750
Sheldon Properties (Surrey) Limited
Notes to the Accounts
for the year ended 31 July 2023
6
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 August 2022
265,698
60,966
326,664
Fair value adjustments
-
(6,167)
(6,167)
Valuation at 31 July 2023
265,698
57,533
323,231
Amounts falling due within one year
Amounts due from group undertakings etc.
388,436
388,397
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,764
5,299
Loans from directors
626
626
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100,000 Preference shares of £1 each
100,000
100,000
10
Transactions with related parties
The company received fees totalling £30,000 (2022: £30,000) in respect of services provided to Support Plus Limited, a wholly owned subsidiary.
The loan to Support Plus Ltd of £388,436 (2022: £388,397), a wholly owned subsidiary, is included within debtors. The loan is currently interest free and not subject to any repayment terms. The directors consider that the loan could be repaid should this be required.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).