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REGISTERED NUMBER: 09644122 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Selby Group Ltd

Selby Group Ltd (Registered number: 09644122)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Selby Group Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs Shivani Popat
Mr Mitul Popat





REGISTERED OFFICE: Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS





REGISTERED NUMBER: 09644122 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

Selby Group Ltd (Registered number: 09644122)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,612 449
Investment property 5 425,000 535,000
426,612 535,449

CURRENT ASSETS
Debtors 6 13,463 13,160
Cash at bank 34,043 2,250
47,506 15,410
CREDITORS
Amounts falling due within one year 7 272,456 413,913
NET CURRENT LIABILITIES (224,950 ) (398,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,662

136,946

CREDITORS
Amounts falling due after more than one year 8 (39,049 ) (44,583 )

PROVISIONS FOR LIABILITIES (18,429 ) (13,897 )
NET ASSETS 144,184 78,466

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 77,262 58,761
Retained earnings 66,822 19,605
SHAREHOLDERS' FUNDS 144,184 78,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Selby Group Ltd (Registered number: 09644122)

Statement of Financial Position - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Mr Mitul Popat - Director


Selby Group Ltd (Registered number: 09644122)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Selby Group 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2022 - 2 ) .

Selby Group Ltd (Registered number: 09644122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 1,521
Additions 2,058
At 30 June 2023 3,579
DEPRECIATION
At 1 July 2022 1,072
Charge for year 895
At 30 June 2023 1,967
NET BOOK VALUE
At 30 June 2023 1,612
At 30 June 2022 449

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 535,000
Disposals (132,842 )
Revaluations 22,842
At 30 June 2023 425,000
NET BOOK VALUE
At 30 June 2023 425,000
At 30 June 2022 535,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 95,385
Cost 329,615
425,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 13,463 13,160

Selby Group Ltd (Registered number: 09644122)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 9,440 2,725
Other creditors 263,016 411,188
272,456 413,913

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 39,049 44,583

9. RESERVES
Fair
value
reserve
£   
At 1 July 2022 58,761
Fair Value 18,501

At 30 June 2023 77,262

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2023, Selby Group Ltd owed £198,828 to its directors. This amount is reflected in the directors' loan account in credit balance, which is shown under Creditors due within one year. Please be advised that the directors have agreed to provide this loan on an interest free basis and the loan is payable on demand.