IRIS Accounts Production v24.1.0.578 01369095 director 1.8.22 31.7.23 31.7.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013690952022-07-31013690952023-07-31013690952022-08-012023-07-31013690952021-07-31013690952021-08-012022-07-31013690952022-07-3101369095ns15:EnglandWales2022-08-012023-07-3101369095ns14:PoundSterling2022-08-012023-07-3101369095ns10:Director12022-08-012023-07-3101369095ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3101369095ns10:SmallEntities2022-08-012023-07-3101369095ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3101369095ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3101369095ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3101369095ns10:FullAccounts2022-08-012023-07-3101369095ns10:CompanySecretary12022-08-012023-07-3101369095ns10:RegisteredOffice2022-08-012023-07-3101369095ns5:CurrentFinancialInstruments2023-07-3101369095ns5:CurrentFinancialInstruments2022-07-3101369095ns5:ShareCapital2023-07-3101369095ns5:ShareCapital2022-07-3101369095ns5:RevaluationReserve2023-07-3101369095ns5:RevaluationReserve2022-07-3101369095ns5:CapitalRedemptionReserve2023-07-3101369095ns5:CapitalRedemptionReserve2022-07-3101369095ns5:RetainedEarningsAccumulatedLosses2023-07-3101369095ns5:RetainedEarningsAccumulatedLosses2022-07-3101369095ns5:RevaluationReserve2022-07-31
REGISTERED NUMBER: 01369095 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st July 2023

for

SHANNON PERSONNEL SERVICES LIMITED

SHANNON PERSONNEL SERVICES LIMITED (REGISTERED NUMBER: 01369095)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHANNON PERSONNEL SERVICES LIMITED

Company Information
for the Year Ended 31st July 2023







DIRECTOR: S C Shannon





SECRETARY: Mrs K N Syred





REGISTERED OFFICE: 38 Salisbury Road
Worthing
West Sussex
BN11 1RD





REGISTERED NUMBER: 01369095 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

SHANNON PERSONNEL SERVICES LIMITED (REGISTERED NUMBER: 01369095)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment properties 4 2,000,000 2,000,000

CURRENT ASSETS
Investments 5 175 175
Cash at bank 18,923 22,616
19,098 22,791
CREDITORS
Amounts falling due within one year 6 52,059 62,978
NET CURRENT LIABILITIES (32,961 ) (40,187 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,967,039

1,959,813

PROVISIONS FOR LIABILITIES 271,337 271,337
NET ASSETS 1,695,702 1,688,476

CAPITAL AND RESERVES
Called up share capital 140 140
Fair value reserve 7 1,425,218 1,425,218
Capital redemption reserve 60 60
Retained earnings 270,284 263,058
SHAREHOLDERS' FUNDS 1,695,702 1,688,476

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHANNON PERSONNEL SERVICES LIMITED (REGISTERED NUMBER: 01369095)

Balance Sheet - continued
31st July 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 director and authorised for issue on 18th April 2024 and were signed by:





S C Shannon - Director


SHANNON PERSONNEL SERVICES LIMITED (REGISTERED NUMBER: 01369095)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Shannon Personnel Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rental income receivable under operating leases, excluding value added tax.

Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Fair Value reserve.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1st August 2022
and 31st July 2023 2,000,000
NET BOOK VALUE
At 31st July 2023 2,000,000
At 31st July 2022 2,000,000

Fair value at 31st July 2023 is represented by:
£   
Valuation in 2015 1,096,554
Valuation in 2016 100,000
Valuation in 2018 100,000
Valuation in 2020 100,000
Valuation in 2022 300,000
Cost 303,446
2,000,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 303,446 303,446

Investment properties were valued on a fair value basis on 31st July 2023 by S C Shannon, the director .

SHANNON PERSONNEL SERVICES LIMITED (REGISTERED NUMBER: 01369095)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

4. INVESTMENT PROPERTIES - continued

The investment properties shown above are all held for use in operating leases.

5. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 175 175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax reserve 4,504 2,065
HM Revenue & Customs 33 -
Director's current account 45,710 59,257
Accrued expenses 1,812 1,656
52,059 62,978

7. RESERVES
Fair
value
reserve
£   
At 1st August 2022
and 31st July 2023 1,425,218