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REGISTERED NUMBER: 01253002 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Shotstone Limited

Shotstone Limited (Registered number: 01253002)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shotstone Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: A J Burton
Mrs F J Burton
C J Burton





SECRETARY: Mrs F J Burton





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ





REGISTERED NUMBER: 01253002 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Shotstone Limited (Registered number: 01253002)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,540 21,267
Investments 5 261,518 501,074
Investment property 6 1,503,063 1,503,063
1,830,121 2,025,404

CURRENT ASSETS
Debtors 7 4,829 3,221
Cash at bank and in hand 293,931 42,035
298,760 45,256
CREDITORS
Amounts falling due within one year 8 145,244 115,263
NET CURRENT ASSETS/(LIABILITIES) 153,516 (70,007 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,983,637

1,955,397

CREDITORS
Amounts falling due after more than one
year

9

(51,096

)

(14,075

)

PROVISIONS FOR LIABILITIES (69,762 ) (85,733 )
NET ASSETS 1,862,779 1,855,589

CAPITAL AND RESERVES
Called up share capital 10 20,000 20,000
Revaluation reserve 11 486,033 486,033
Retained earnings 1,356,746 1,349,556
SHAREHOLDERS' FUNDS 1,862,779 1,855,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Shotstone Limited (Registered number: 01253002)

Balance Sheet - continued
30 September 2023


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 February 2024 and were signed on its behalf by:





A J Burton - Director


Shotstone Limited (Registered number: 01253002)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Shotstone 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Shotstone Limited (Registered number: 01253002)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2022 5,709 52,624 58,333
Additions - 74,981 74,981
At 30 September 2023 5,709 127,605 133,314
DEPRECIATION
At 1 October 2022 5,496 31,570 37,066
Charge for year 205 12,329 12,534
Eliminated on disposal - 18,174 18,174
At 30 September 2023 5,701 62,073 67,774
NET BOOK VALUE
At 30 September 2023 8 65,532 65,540
At 30 September 2022 213 21,054 21,267

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

Plant and
machinery
etc
£   
COST
Additions 74,981
At 30 September 2023 74,981
DEPRECIATION
Charge for year 9,654
At 30 September 2023 9,654
NET BOOK VALUE
At 30 September 2023 65,327

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022 501,074
Disposals (239,556 )
At 30 September 2023 261,518
NET BOOK VALUE
At 30 September 2023 261,518
At 30 September 2022 501,074

The investments are stated at historical cost, the value of the investments if recognised at market value is £306,509 (2022: £598,908)

Shotstone Limited (Registered number: 01253002)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 1,503,063
NET BOOK VALUE
At 30 September 2023 1,503,063
At 30 September 2022 1,503,063

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,829 3,221

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,848 8,619
Trade creditors 191 -
Taxation and social security 402 4,245
Other creditors 133,803 102,399
145,244 115,263

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 51,096 14,075

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary A £1 1,000 1,000
19,000 Ordinary B £1 19,000 19,000
20,000 20,000

11. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 486,033