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REGISTERED NUMBER: 09004854 (England and Wales)















Shoebill Limited Partner Real Estate
Limited

Financial Statements

for the Year Ended 31 March 2024






Shoebill Limited Partner Real Estate
Limited (Registered number: 09004854)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shoebill Limited Partner Real Estate
Limited

Company Information
for the year ended 31 March 2024







Directors: M J Crader
P J Hart





Registered office: 1 Gracechurch Street
London
EC3V 0DD





Registered number: 09004854 (England and Wales)






Shoebill Limited Partner Real Estate
Limited (Registered number: 09004854)

Balance Sheet
31 March 2024

2024 2023
Notes £ £

Creditors
Amounts falling due within one year 4 220,000 220,000
Net current liabilities (220,000 ) (220,000 )
Total assets less current liabilities (220,000 ) (220,000 )

Capital and reserves
Called up share capital 100 100
Share premium 2,158,020 2,158,020
Retained earnings (2,378,120 ) (2,378,120 )
(220,000 ) (220,000 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 22 July 2024 and were signed on its behalf by:





M J Crader - Director


Shoebill Limited Partner Real Estate
Limited (Registered number: 09004854)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Shoebill Limited Partner Real Estate 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.

The presentational currency of the financial statements is the Pound Sterling (£).

Amounts in the financial statements are rounded to the nearest £.

Preparation of consolidated financial statements
The financial statements contain information about Shoebill Limited Partner Real Estate Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its ultimate parent, Grainmarket Properties Limited, Bridewell Gate, 9 Bridewell Place, London, EC4V 6AW.

Shoebill Limited Partner Real Estate
Limited (Registered number: 09004854)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Financial instruments
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value fo future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or loss, and bank overdrafts Bank overdrafts are shown within borrowings in current liabilities.

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions, present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

Shoebill Limited Partner Real Estate
Limited (Registered number: 09004854)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4. Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 220,000 220,000

5. Related party disclosures

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

6. Ultimate controlling party

The Company is a wholly owned subsidiary of Grainmarket Properties Limited, a company registered in England and Wales.

The results of the Company are included in the consolidated financial statements of Grainmarket Properties Limited, the ultimate parent company. The consolidated accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

The ultimate controlling party is Abacus Pension Trustees Limited in their capacity as trustees of MJC QNUPS, by virtue of their controlling interest in Grainmarket Properties Limited.