The Shirleys Freehold Company Limited 11484555 true 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is residents property management Digita Accounts Production Advanced 6.30.9574.0 true Mr David Green Mr Howard Leather 11484555 2022-04-01 2023-03-31 11484555 2023-03-31 11484555 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-31 11484555 core:ShareCapital 2023-03-31 11484555 core:SharePremium 2023-03-31 11484555 core:CurrentFinancialInstruments 2023-03-31 11484555 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11484555 core:LandBuildings 2023-03-31 11484555 bus:FRS102 2022-04-01 2023-03-31 11484555 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11484555 bus:FullAccounts 2022-04-01 2023-03-31 11484555 bus:RegisteredOffice 2022-04-01 2023-03-31 11484555 bus:Director1 2022-04-01 2023-03-31 11484555 bus:Director2 2022-04-01 2023-03-31 11484555 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-04-01 2023-03-31 11484555 bus:EntityHasNeverTraded 2022-04-01 2023-03-31 11484555 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11484555 core:Buildings 2022-04-01 2023-03-31 11484555 countries:EnglandWales 2022-04-01 2023-03-31 11484555 2022-03-31 11484555 core:LandBuildings 2022-03-31 11484555 2021-04-01 2022-03-31 11484555 2022-03-31 11484555 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-03-31 11484555 core:ShareCapital 2022-03-31 11484555 core:SharePremium 2022-03-31 11484555 core:CurrentFinancialInstruments 2022-03-31 11484555 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11484555 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11484555

The Shirleys Freehold Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

The Shirleys Freehold Company Limited

(Registration number: 11484555)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

39,800

39,800

Current assets

 

Debtors

5

21

21

Cash at bank and in hand

 

1

1

 

22

22

Net assets

 

39,822

39,822

Capital and reserves

 

Called up share capital

7

22

22

Share premium reserve

39,800

39,800

Shareholders' funds

 

39,822

39,822

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
Mr Howard Leather
Director

 

The Shirleys Freehold Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Willow Way
Prestbury
Macclesfield
Cheshire
SK10 4XB
United Kingdom

These financial statements were authorised for issue by the Board on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

No depreciation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Shirleys Freehold Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

39,800

39,800

At 31 March 2023

39,800

39,800

Depreciation

Carrying amount

At 31 March 2023

39,800

39,800

At 31 March 2022

39,800

39,800

Included within the net book value of land and buildings above is £39,800 (2022 - £39,800) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

21

21

 

The Shirleys Freehold Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Cash and cash equivalents

2023
£

2022
£

Cash on hand

1

1

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share class of £1 each

22

22

22

22