IRIS Accounts Production v23.1.0.753 07470041 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure074700412022-03-31074700412023-03-31074700412022-04-012023-03-31074700412021-03-31074700412021-04-012022-03-31074700412022-03-3107470041ns15:EnglandWales2022-04-012023-03-3107470041ns14:PoundSterling2022-04-012023-03-3107470041ns10:Director12022-04-012023-03-3107470041ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107470041ns10:SmallEntities2022-04-012023-03-3107470041ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107470041ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107470041ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107470041ns10:FullAccounts2022-04-012023-03-3107470041ns10:Director22022-04-012023-03-3107470041ns10:Director32022-04-012023-03-3107470041ns10:Director42022-04-012023-03-3107470041ns10:Director52022-04-012023-03-3107470041ns10:RegisteredOffice2022-04-012023-03-3107470041ns5:CurrentFinancialInstruments2023-03-3107470041ns5:CurrentFinancialInstruments2022-03-3107470041ns5:ShareCapital2023-03-3107470041ns5:ShareCapital2022-03-3107470041ns5:RetainedEarningsAccumulatedLosses2023-03-3107470041ns5:RetainedEarningsAccumulatedLosses2022-03-3107470041ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-3107470041ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-03-3107470041ns5:CurrentFinancialInstruments2022-04-012023-03-31
REGISTERED NUMBER: 07470041 (England and Wales)















SHIPLEY LOANS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2023






SHIPLEY LOANS LIMITED (REGISTERED NUMBER: 07470041)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHIPLEY LOANS LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: H J Shipley Snr
W Shipley
H J Shipley Jnr
L A Shipley
G Shipley





REGISTERED OFFICE: National House
Etchell Road
Tamworth
Staffordshire
B78 3HF





REGISTERED NUMBER: 07470041 (England and Wales)






SHIPLEY LOANS LIMITED (REGISTERED NUMBER: 07470041)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £   
CURRENT ASSETS
Debtors 4 11,960,864 12,946,587
Cash at bank 3,370,099 1,915,521
15,330,963 14,862,108
CREDITORS
Amounts falling due within one year 5 11,065,421 11,209,815
NET CURRENT ASSETS 4,265,542 3,652,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,265,542

3,652,293

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,265,442 3,652,193
SHAREHOLDERS' FUNDS 4,265,542 3,652,293

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





H J Shipley Snr - Director


SHIPLEY LOANS LIMITED (REGISTERED NUMBER: 07470041)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Shipley Loans 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.

Turnover
Turnover represents income derived from the company's principal activity of making commercial loans.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 11,960,864 12,946,587

All loans are made within the company's principal activity and carry commercial rates of interest.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Taxation and social security 143,777 88,255
Other creditors 10,921,644 11,121,560
11,065,421 11,209,815

SHIPLEY LOANS LIMITED (REGISTERED NUMBER: 07470041)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The Directors loans included in other creditors are not subject to any formal agreement and are therefore deemed to be repayable on demand. The loan carries no interest and there is no set repayment date.

Included in creditors are Preference shares of 10,690,000 at £1 per share. These are redeemable at any time by the holder and as such are classified in the accounts as debt.