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REGISTERED NUMBER: 03955451 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SHORTLAND HORNE RESIDENTIAL LIMITED

SHORTLAND HORNE RESIDENTIAL LIMITED (REGISTERED NUMBER: 03955451)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHORTLAND HORNE RESIDENTIAL LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: Mr D J Shortland
Mrs L Green
Mr W Green
Mr A M Griffin





SECRETARY: Ms D Boulton





REGISTERED OFFICE: 21 - 22 Warwick Row
Coventry
West Midlands
CV1 1ET





REGISTERED NUMBER: 03955451 (England and Wales)






SHORTLAND HORNE RESIDENTIAL LIMITED (REGISTERED NUMBER: 03955451)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,657 105,284
Investments 5 94,690 207,850
339,347 313,134

CURRENT ASSETS
Stocks 51,126 49,003
Debtors 123,918 131,886
Cash at bank and in hand 150,190 530,914
325,234 711,803
CREDITORS
Amounts falling due within one year 138,741 276,920
NET CURRENT ASSETS 186,493 434,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,840

748,017

CREDITORS
Amounts falling due after more than one
year

(67,323

)

(318,025

)

PROVISIONS FOR LIABILITIES (12,825 ) (11,463 )
NET ASSETS 445,692 418,529

CAPITAL AND RESERVES
Called up share capital 152 152
Share premium 43,954 43,954
Capital redemption reserve 15 15
Retained earnings 401,571 374,408
SHAREHOLDERS' FUNDS 445,692 418,529

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SHORTLAND HORNE RESIDENTIAL LIMITED (REGISTERED NUMBER: 03955451)

ABRIDGED BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 November 2023 and were signed on its behalf by:





Mrs L Green - Director


SHORTLAND HORNE RESIDENTIAL LIMITED (REGISTERED NUMBER: 03955451)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Shortland Horne Residential 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - over the lease term
Fixtures and fittings - 15% on reducing balance
Office equipment - 3 years straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SHORTLAND HORNE RESIDENTIAL LIMITED (REGISTERED NUMBER: 03955451)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 232,999
Additions 203,366
Disposals (65,570 )
At 31 March 2023 370,795
DEPRECIATION
At 1 April 2022 127,715
Charge for year 27,552
Eliminated on disposal (29,129 )
At 31 March 2023 126,138
NET BOOK VALUE
At 31 March 2023 244,657
At 31 March 2022 105,284

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022 99,287
Disposals (64,770 )
At 31 March 2023 34,517
DEPRECIATION
At 1 April 2022 22,677
Charge for year 18,596
Eliminated on disposal (28,329 )
At 31 March 2023 12,944
NET BOOK VALUE
At 31 March 2023 21,573
At 31 March 2022 76,610

SHORTLAND HORNE RESIDENTIAL LIMITED (REGISTERED NUMBER: 03955451)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 207,850
Additions 237,854
Disposals (135,500 )
At 31 March 2023 310,204
PROVISIONS
Impairments 215,514
At 31 March 2023 215,514
NET BOOK VALUE
At 31 March 2023 94,690
At 31 March 2022 207,850

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 10,237 9,874
Between one and five years 67,323 69,996
77,560 79,870

Non-cancellable operating leases
2023 2022
£    £   
Within one year 16,500 25,500
Between one and five years 33,000 49,500
49,500 75,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 77,560 79,870

Hire Purchase liabilities are secured against the assets to which they relate.

SHORTLAND HORNE RESIDENTIAL LIMITED (REGISTERED NUMBER: 03955451)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

8. OTHER FINANCIAL COMMITMENTS

The employer pension creditor at the year end was £859 (2022 - £1,606).

9. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.