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Unaudited Financial Statements

for the Period 25 May 2022 to 31 May 2023

for

Shire Housing Limited

Shire Housing Limited (Registered number: SC733633)






Contents of the Financial Statements
for the Period 25 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shire Housing Limited

Company Information
for the Period 25 May 2022 to 31 May 2023







DIRECTORS: Mrs T A Daly
G Daly





REGISTERED OFFICE: 5 Cluny Drive
Stenhousemuir
Larbert
FK5 4UA





REGISTERED NUMBER: SC733633 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Shire Housing Limited (Registered number: SC733633)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 610,437

CURRENT ASSETS
Debtors 5 276
Cash at bank and in hand 1,282
1,558
CREDITORS
Amounts falling due within one year 6 1,637
NET CURRENT LIABILITIES (79 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,358

CREDITORS
Amounts falling due after more than one
year

7

635,716
NET LIABILITIES (25,358 )

CAPITAL AND RESERVES
Called up share capital 9 2
Retained earnings (25,360 )
SHAREHOLDERS' FUNDS (25,358 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

Shire Housing Limited (Registered number: SC733633)

Balance Sheet - continued
31 May 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 23 February 2024 and were signed on its behalf by:





G Daly - Director


Shire Housing Limited (Registered number: SC733633)

Notes to the Financial Statements
for the Period 25 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Shire Housing Limited is a private company, limited by shares , registered in Scotland. 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.

The company made a loss for its first period of trade totalling £25,360, this is reflected in the Balance Sheet showing Shareholders Funds with a negative balance of £25,358. The directors have loaned the company £198,811 and will not seek repayment of this amount within one year or to the detriment of the company's other creditors.

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.
Land and buildings - not provided

Taxation
Taxation for the period 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 period 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 period was 2 .

Shire Housing Limited (Registered number: SC733633)

Notes to the Financial Statements - continued
for the Period 25 May 2022 to 31 May 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 610,437
At 31 May 2023 610,437
NET BOOK VALUE
At 31 May 2023 610,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 635,716

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 436,905

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Mortgage 436,905

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

2 Ordinary shares of £1 were issued during the period for cash of £ 2 .