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Registered Number: 00718499
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 30 April 2023

for

S.H.S.PROPERTY INVESTMENT CO.LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets
Tangible fixed assets 3 1,269,504    1,269,504 
Financial assets 4 12,677    12,677 
1,282,181    1,282,181 
 
Current assets
Cash at bank and in hand 79,925    134,023 
79,925    134,023 
Creditors: amount falling due within one year 5 (79,615)   (133,795)
Net current assets 310    228 
 
Total assets less current liabilities 1,282,491    1,282,409 
Net assets 1,282,491    1,282,409 
 

Capital and reserves
Called up share capital 25,000    25,000 
Profit and loss account 6 1,257,491    1,257,409 
Shareholders fund 1,282,491    1,282,409 
 
For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Brian Stephen Simpson
Director

Date approved: 06 November 2023
1
Statutory Information
S.H.S.PROPERTY INVESTMENT CO.LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 00718499, registration address 50 Milton Park, London, N6 5QA, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Investment properties
i. Acquisitions and disposals of properties are reflected in the financial statements when an irrevocable contract exists.

ii The investment properties are included in the balance sheet at their open market value as estimated by the directors. There has been no independent valuation.

iii. Surpluses or deficits arising on the revaluation of investment properties are taken to a revaluation reserve.  Any permanent deficits in excess of the balance on the revaluation reserve are charged to revenue.

iv. No provision is made for the potential liability to corporation tax which would arise in the event of realisation of the investment properties at the values at which they are stated in the financial statements, except to the extent that there is a reasonable probability of the tax falling due for payment in the foreseeable future.

v. Net surpluses and taxation liabilities arising on disposal of investment properties are dealt with in the profit and loss account.
Tangible fixed assets
The investment property was valued by the directors on an open market basis.  
2.

Interest receivable and similar income

2023
£
  2022
£
Current account Interest 314    10 
314    10 
3.

Tangible fixed assets

Cost or Valuation Freehold property   Total
  £   £
At 01 May 2022 1,269,504    1,269,504 
Additions  
Disposals  
At 30 April 2023 1,269,504    1,269,504 
Depreciation
At 01 May 2022  
Charge for year  
On disposals  
At 30 April 2023  
Net book values
Closing balance as at 30 April 2023 1,269,504    1,269,504 
Opening balance as at 01 May 2022 1,269,504    1,269,504 

4.

Financial assets

Cost or Valuation Other investments not loans - listed   Total
  £   £
At 01 May 2022 12,677    12,677 
Additions  
Disposals  
At 30 April 2023 12,677    12,677 
5.

Creditors: amount falling due within one year

2023
£
  2022
£
Accruals & deferred income 10,162    10,162 
Other creditors  
Directors' loan accounts - balance b/fwd 59,858    113,763 
Corporation tax 9,595    9,870 
79,615    133,795 
6.

Profit and loss account

  2023
£
Balance at 01 May 2022 1,257,409 
Profit for the year 42,082 
Equity dividend paid (42,000)
Balance at 30 April 2023 1,257,491 

7.

Average number of employees

Average number of employees during the year was 2  (2022: 2).
8.

Depreciation

i. Freehold investment properties are included at open market value and the aggregate surplus or deficit is transferred to a revaluation reserve and no depreciation is provided in respect thereof.  The directors consider that this accounting policy results in the financial statements giving a true and fair view.  Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
 
ii. Depreciation on office equipment is provided at 20% on a straight line basis to reduce by annual instalments the cost of the equipment over its estimated useful life
9.

Share Capital

Authorised, allotted, issued and fully paid     2023 2022
         
5,000 Ordinary shares of £1 each     5,000 5,000
20,000 Deferred Ordinary shares of £1 each   20,000 20,000
         
      25,000 25,000
2