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Company Registration No. 10763943 (England and Wales)
Shine Developments Limited Unaudited accounts for the year ended 31 May 2023
Shine Developments Limited Unaudited accounts Contents
Page
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Shine Developments Limited Company Information for the year ended 31 May 2023
Director
Aaron Bard
Company Number
10763943 (England and Wales)
Registered Office
142A Osbaldeston Road London N16 6NJ England
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Shine Developments Limited for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shine Developments Limited for the year ended 31 May 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Shine Developments Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of Shine Developments Limited and state those matters that we have agreed to state to the Board of Directors of Shine Developments Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shine Developments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Shine Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Shine Developments Limited. You consider that Shine Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Shine Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross EN8 7AN 14 February 2024
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Shine Developments Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
58,950 
Current assets
Debtors
364,341 
7,401 
Cash at bank and in hand
632 
685 
364,973 
8,086 
Creditors: amounts falling due within one year
(527,581)
(247,429)
Net current liabilities
(162,608)
(239,343)
Total assets less current liabilities
(162,608)
(180,393)
Creditors: amounts falling due after more than one year
(44,619)
(44,657)
Net liabilities
(207,227)
(225,050)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(207,228)
(225,051)
Shareholders' funds
(207,227)
(225,050)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2024 and were signed on its behalf by
Aaron Bard Director Company Registration No. 10763943
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Shine Developments Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Shine Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 10763943. The registered office is 142A Osbaldeston Road, London, N16 6NJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No provision made
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2022
58,950 
Disposals
(58,950)
At 31 May 2023
- 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
- 
At 31 May 2022
58,950 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
364,341 
7,401 
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Shine Developments Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
506,881 
239,844 
Loans from directors
20,100 
5,100 
Accruals
600 
2,485 
527,581 
247,429 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
44,619 
44,657 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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