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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

SHELLEY PARK LIMITED

SHELLEY PARK LIMITED (REGISTERED NUMBER: 03599431)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHELLEY PARK LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2023







DIRECTORS: S E B Poultney
D G Poultney





SECRETARY: D G Poultney





REGISTERED OFFICE: 5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY





REGISTERED NUMBER: 03599431 (England and Wales)






SHELLEY PARK LIMITED (REGISTERED NUMBER: 03599431)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,581 182,820

CURRENT ASSETS
Stocks 4,368 2,487
Debtors 5 748,705 677,065
Cash at bank and in hand 3,172 3,024
756,245 682,576
CREDITORS
Amounts falling due within one year 6 581,303 541,141
NET CURRENT ASSETS 174,942 141,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,523

324,255

PROVISIONS FOR LIABILITIES 37,428 30,837
NET ASSETS 301,095 293,418

CAPITAL AND RESERVES
Called up share capital 8 11,111 11,111
Retained earnings 289,984 282,307
SHAREHOLDERS' FUNDS 301,095 293,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:




D G Poultney - Director



S E B Poultney - Director


SHELLEY PARK LIMITED (REGISTERED NUMBER: 03599431)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Shelley Park 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 the amount derived from services falling within the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred taxation
Deferred taxation is provided on the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.


Pension costs and other retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 90 (2022 - 99 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2022 575,688 31,255 606,943
Additions 15,986 - 15,986
Disposals - (10,500 ) (10,500 )
At 31 August 2023 591,674 20,755 612,429
DEPRECIATION
At 1 September 2022 405,419 18,704 424,123
Charge for year 26,963 2,199 29,162
Eliminated on disposal - (4,437 ) (4,437 )
At 31 August 2023 432,382 16,466 448,848
NET BOOK VALUE
At 31 August 2023 159,292 4,289 163,581
At 31 August 2022 170,269 12,551 182,820

SHELLEY PARK LIMITED (REGISTERED NUMBER: 03599431)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 276,440 273,991
Amounts owed by group undertakings 444,947 349,315
Other debtors 27,318 53,759
748,705 677,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 184,111 180,612
Hire purchase contracts - 2,504
Trade creditors 225,627 215,737
Taxation and social security 96,061 78,798
Other creditors 75,504 63,490
581,303 541,141

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 184,111 180,612

Security is held by way of fixed and floating charges over the company including all property and assets present and future.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary A £1 10,000 10,000
1,111 Ordinary B £1 1,111 1,111
11,111 11,111

9. OTHER FINANCIAL COMMITMENTS

The company has given unlimited guarantees to the group's bankers in respect of the borrowings by the parent company Shelley Park Holdings Limited. The parent company's bank borrowings as at 31 August 2023 amounted to £1,516,915 (2022: £1,602,299).