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Company Registration No. 08720394 (England and Wales)
Shelton Estates (Cambs) Ltd Unaudited accounts for the year ended 31 October 2023
Shelton Estates (Cambs) Ltd Unaudited accounts Contents
Page
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Shelton Estates (Cambs) Ltd Company Information for the year ended 31 October 2023
Director
Balbinder Singh
Company Number
08720394 (England and Wales)
Registered Office
Endeavour Houes Saville Road Peterborough Cambridgeshire PE3 7PS
Accountants
Griffin and Sage Limited 172 Park Road Peterborough PE1 2UF
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Shelton Estates (Cambs) Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
2,750,000 
2,750,000 
Current assets
Debtors
36,661 
123,384 
Cash at bank and in hand
144,295 
48,349 
180,956 
171,733 
Creditors: amounts falling due within one year
(224,791)
(238,391)
Net current liabilities
(43,835)
(66,658)
Total assets less current liabilities
2,706,165 
2,683,342 
Creditors: amounts falling due after more than one year
(2,236,502)
(2,268,163)
Provisions for liabilities
Deferred tax
(26,939)
(21,552)
Net assets
442,724 
393,627 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
80,819 
87,284 
Profit and loss account
361,805 
306,243 
Shareholders' funds
442,724 
393,627 
For the year ending 31 October 2023 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 director acknowledges his 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 and authorised for issue on 30 July 2024 and were signed on its behalf by
Balbinder Singh Director Company Registration No. 08720394
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Shelton Estates (Cambs) Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Shelton Estates (Cambs) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08720394. The registered office is Endeavour Houes, Saville Road, Peterborough, Cambridgeshire, PE3 7PS.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
2,750,000 
At 31 October 2023
2,750,000 
Fair value is based on FRS 102 Revaluation Model. The fair value of land and buildings is determined from market-based evidence by the Director using their knowledge of market conditions.
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Shelton Estates (Cambs) Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
17,970 
Trade debtors
17,626 
83,769 
Accrued income and prepayments
19,035 
21,645 
36,661 
123,384 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
31,821 
31,629 
VAT
2,551 
- 
Trade creditors
2,021 
74,902 
Taxes and social security
15,834 
8,023 
Other creditors
1,829 
- 
Accruals
85,735 
26,744 
Deferred income
85,000 
97,093 
224,791 
238,391 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,536,502 
1,568,163 
Loans from directors
700,000 
700,000 
2,236,502 
2,268,163 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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