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Company Registration No. 12386721 (England and Wales)
SHABETH PROPERTY LTD Unaudited accounts for the year ended 31 January 2024
SHABETH PROPERTY LTD Unaudited accounts Contents
Page
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SHABETH PROPERTY LTD Company Information for the year ended 31 January 2024
Directors
SHADRACK ESSEL BETTY OWUSU ESSEL
Company Number
12386721 (England and Wales)
Registered Office
16 LADY WARWICK AVENUE BEDWORTH CV12 9HR ENGLAND
Accountants
TL LEADS ACCOUNTANCY LTD 124 CITY ROAD LONDON EC1V 2NX
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SHABETH PROPERTY LTD Accountants' report
Accountants' report to the board of directors of SHABETH PROPERTY LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SHABETH PROPERTY LTD for the year ended 31 January 2024 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SHABETH PROPERTY LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SHABETH PROPERTY LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SHABETH PROPERTY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SHABETH PROPERTY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SHABETH PROPERTY LTD. You consider that SHABETH PROPERTY LTD 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 SHABETH PROPERTY LTD. 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.
TL LEADS ACCOUNTANCY LTD 124 CITY ROAD LONDON EC1V 2NX 22 March 2024
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SHABETH PROPERTY LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
446,892 
138,405 
Current assets
Cash at bank and in hand
2,755 
1,390 
Creditors: amounts falling due within one year
(750)
(500)
Net current assets
2,005 
890 
Total assets less current liabilities
448,897 
139,295 
Creditors: amounts falling due after more than one year
(469,901)
(140,415)
Net liabilities
(21,004)
(1,120)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(21,005)
(1,121)
Shareholders' funds
(21,004)
(1,120)
For the year ending 31 January 2024 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 25 March 2024 and were signed on its behalf by
SHADRACK ESSEL Director Company Registration No. 12386721
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SHABETH PROPERTY LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
SHABETH PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12386721. The registered office is 16 LADY WARWICK AVENUE, BEDWORTH, CV12 9HR, 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.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
138,405 
Additions
308,487 
At 31 January 2024
446,892 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
750 
500 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
312,244 
102,363 
Other creditors
1,765 
- 
Loans from directors
155,892 
38,052 
469,901 
140,415 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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