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REGISTERED NUMBER: 12239073 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 October 2023

for

SHRIMPTON LTD

SHRIMPTON LTD (REGISTERED NUMBER: 12239073)






Contents of the Financial Statements
for the year ended 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHRIMPTON LTD

Company Information
for the year ended 31 OCTOBER 2023







DIRECTORS: P Shrimpton
A M Shrimpton





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 12239073 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

SHRIMPTON LTD (REGISTERED NUMBER: 12239073)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 889,000 835,000

CURRENT ASSETS
Debtors 4 300 300
Cash at bank 49,191 34,790
49,491 35,090
CREDITORS
Amounts falling due within one year 5 763,875 763,021
NET CURRENT LIABILITIES (714,384 ) (727,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,616

107,069

PROVISIONS FOR LIABILITIES 13,978 13,978
NET ASSETS 160,638 93,091

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 112,435 67,552
Retained earnings 48,103 25,439
SHAREHOLDERS' FUNDS 160,638 93,091

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

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

SHRIMPTON LTD (REGISTERED NUMBER: 12239073)

Balance Sheet - continued
31 OCTOBER 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 30 April 2024 and were signed on its behalf by:





P Shrimpton - Director


SHRIMPTON LTD (REGISTERED NUMBER: 12239073)

Notes to the Financial Statements
for the year ended 31 OCTOBER 2023

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

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.

2. EMPLOYEES AND DIRECTORS

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 835,000
Revaluations 54,000
At 31 October 2023 889,000
NET BOOK VALUE
At 31 October 2023 889,000
At 31 October 2022 835,000

SHRIMPTON LTD (REGISTERED NUMBER: 12239073)

Notes to the Financial Statements - continued
for the year ended 31 OCTOBER 2023

3. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 41,893
Valuation in 2022 39,637
Valuation in 2023 54,000
Cost 753,470
889,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 753,470 753,470

The investment property was valued on an open market basis on 31 October 2023 by the director. .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 300 300

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,178 2,503
Other creditors 760,697 760,518
763,875 763,021

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100