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Company Registration No. 11848796 (England and Wales)
Three Shires Property Investment Limited Unaudited accounts for the year ended 31 July 2023
Three Shires Property Investment Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
694,211 
695,905 
Current assets
Debtors
30,945 
15,948 
Cash at bank and in hand
43,674 
21,078 
74,619 
37,026 
Creditors: amounts falling due within one year
(231,814)
(248,165)
Net current liabilities
(157,195)
(211,139)
Total assets less current liabilities
537,016 
484,766 
Creditors: amounts falling due after more than one year
(495,229)
(456,538)
Net assets
41,787 
28,228 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
41,687 
28,128 
Shareholders' funds
41,787 
28,228 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by
C V Palmer-Jeffery Director Company Registration No. 11848796
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Three Shires Property Investment Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Three Shires Property Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 11848796. The registered office is North Wing, Severn End, Hanley Castle, Worcs, WR8 0BW, UNITED KINGDOM.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Plant & machinery
25% on cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
688,941 
10,170 
699,111 
Additions
- 
1,132 
1,132 
At 31 July 2023
688,941 
11,302 
700,243 
Depreciation
At 1 August 2022
- 
3,206 
3,206 
Charge for the year
- 
2,826 
2,826 
At 31 July 2023
- 
6,032 
6,032 
Net book value
At 31 July 2023
688,941 
5,270 
694,211 
At 31 July 2022
688,941 
6,964 
695,905 
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Three Shires Property Investment Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
778 
1,281 
Accrued income and prepayments
30,167 
14,667 
30,945 
15,948 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,094 
2,400 
Trade creditors
61,137 
35,581 
Taxes and social security
3,734 
3,688 
Other creditors
2,000 
2,000 
Loans from directors
153,199 
195,896 
Accruals
8,650 
8,600 
231,814 
248,165 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
495,229 
456,538 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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