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REGISTERED NUMBER: 05814352 (England and Wales)



















Financial Statements

for the Year Ended 31 May 2023

for

Shiredale Limited

Shiredale Limited (Registered number: 05814352)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shiredale Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: L M Fountain





REGISTERED OFFICE: Hollywood
Somersal Lane
Marston Montgomery
Ashbourne
Derbyshire
DE6 2FE





REGISTERED NUMBER: 05814352 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Shiredale Limited (Registered number: 05814352)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,736 133,422
Investment property 5 2,037,000 2,037,000
2,165,736 2,170,422

CURRENT ASSETS
Debtors 6 25,120 25,603
Cash at bank 7,653 2,253
32,773 27,856
CREDITORS
Amounts falling due within one year 7 124,517 192,570
NET CURRENT LIABILITIES (91,744 ) (164,714 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,073,992

2,005,708

CREDITORS
Amounts falling due after more than one
year

8

1,325,842

1,402,326
NET ASSETS 748,150 603,382

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 506,878 506,878
Retained earnings 241,172 96,404
SHAREHOLDERS' FUNDS 748,150 603,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Shiredale Limited (Registered number: 05814352)

Balance Sheet - continued
31 May 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





L M Fountain - Director


Shiredale Limited (Registered number: 05814352)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Shiredale 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents and recharges of utilites receivable from properties. Turnover is recognised when rentals are due in accordance with the lease terms.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and transferred to a fair value reserve.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Shiredale Limited (Registered number: 05814352)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 86,673 70,038 16,667 - 173,378
Additions 11,209 7,543 - 489 19,241
At 31 May 2023 97,882 77,581 16,667 489 192,619
DEPRECIATION
At 1 June 2022 13,738 18,926 7,292 - 39,956
Charge for year 12,072 9,348 2,344 163 23,927
At 31 May 2023 25,810 28,274 9,636 163 63,883
NET BOOK VALUE
At 31 May 2023 72,072 49,307 7,031 326 128,736
At 31 May 2022 72,935 51,112 9,375 - 133,422

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 2,037,000
NET BOOK VALUE
At 31 May 2023 2,037,000
At 31 May 2022 2,037,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2023 2,037,000

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

2023 2022
£    £   
Cost 2,037,000 2,037,000
Aggregate depreciation (122,220 ) (81,480 )

Investment property was valued on a fair value basis basis on 31 May 2023 by the director .

Shiredale Limited (Registered number: 05814352)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,720 20,564
Prepayments and accrued income 4,400 5,039
25,120 25,603

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 76,268 81,439
Trade creditors 1,070 12,120
Tax 23,105 35,493
Social security and other taxes 8,332 9,779
Director's current account 3,076 40,470
Accruals and deferred income 12,666 13,269
124,517 192,570

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,325,842 1,402,326

9. LEASING AGREEMENTS
The following operating lease income is committed to be received:

2023 2022
£ £
Within one year 163,989 163,989
Between one and five years 655,958 655,958
In more than five years 163,989 327,979
983,936 1,147,926

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,400,643 -

Bank loans are secured against the property.