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REGISTERED NUMBER: 01041968 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SHOP & OFFICE PROPERTIES LIMITED

SHOP & OFFICE PROPERTIES LIMITED (REGISTERED NUMBER: 01041968)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHOP & OFFICE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J S Fisher
Mr M L Fisher
Mrs S M Goldberg





SECRETARY: Mrs S M Goldberg





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 01041968 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

SHOP & OFFICE PROPERTIES LIMITED (REGISTERED NUMBER: 01041968)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 34 46
Investments 5 175,339 175,339
Investment property 6 1,475,000 1,475,000
1,650,373 1,650,385

CURRENT ASSETS
Debtors 7 291,462 467,286
Cash at bank 15,629 15,087
307,091 482,373
CREDITORS
Amounts falling due within one year 8 (40,664 ) (403,821 )
NET CURRENT ASSETS 266,427 78,552
TOTAL ASSETS LESS CURRENT LIABILITIES 1,916,800 1,728,937

CREDITORS
Amounts falling due after more than one year 9 (195,000 ) (195,000 )
NET ASSETS 1,721,800 1,533,937

CAPITAL AND RESERVES
Called up share capital 10 150,000 150,000
Other reserves 25,751 25,751
Fair value reserve 805,283 805,283
Retained earnings 740,766 552,903
SHAREHOLDERS' FUNDS 1,721,800 1,533,937

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.

SHOP & OFFICE PROPERTIES LIMITED (REGISTERED NUMBER: 01041968)

BALANCE SHEET - continued
31 MARCH 2024


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 7 May 2024 and were signed on its behalf by:





Mr J S Fisher - Director


SHOP & OFFICE PROPERTIES LIMITED (REGISTERED NUMBER: 01041968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Shop & Office Properties 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.

Preparation of consolidated financial statements
The financial statements contain information about Shop & Office Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rent received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SHOP & OFFICE PROPERTIES LIMITED (REGISTERED NUMBER: 01041968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 3,900
DEPRECIATION
At 1 April 2023 3,854
Charge for year 12
At 31 March 2024 3,866
NET BOOK VALUE
At 31 March 2024 34
At 31 March 2023 46

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 175,339
NET BOOK VALUE
At 31 March 2024 175,339
At 31 March 2023 175,339

The company's investments at the Balance Sheet date in the share capital of companies include the following:

J.D.F. Properties Limited
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
100 Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 2,666,431 2,883,145
Profit for the year 93,836 534,228

SHOP & OFFICE PROPERTIES LIMITED (REGISTERED NUMBER: 01041968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS - continued

Colbourne Properties Limited
Registered office: England
Nature of business: Investment company holding shares
%
Class of shares: holding
900 Ordinary 90.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 68,707 57,876
Profit for the year 7,158 13,649

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,475,000
NET BOOK VALUE
At 31 March 2024 1,475,000
At 31 March 2023 1,475,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 730,283
Valuation in 2018 75,000
Cost 669,717
1,475,000

Directors have confirmed that the recent valuation of the investment property is in accordance with the current market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 288,182 464,006
Other debtors 3,280 3,280
291,462 467,286

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 13,989 3,406
Other creditors 26,675 400,415
40,664 403,821

SHOP & OFFICE PROPERTIES LIMITED (REGISTERED NUMBER: 01041968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 195,000 195,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
150,000 Ordinary £1 150,000 150,000

11. RELATED PARTY DISCLOSURES

Included under debtors amounts owed from group undertakings are the following balances:

J.D.F. Properties Limited : £236,549Cr (2023: £76,334Cr )
Portsea Properties Limited : £534,106Dr (2023: £549,715Dr)
Colbourne Properties Limited : £9,375Cr (2023: £9,375Cr)

Included in the long term creditors is a loan amount of £195,000 owed to David Fisher Will trust, which owns a 49.99% shareholding in this company. Interest is charged at 2.5% amounting to £4,875 (2023: £4,875) for the year under review and the loan is unsecured.

12. ULTIMATE CONTROLLING PARTY

The immediate and ultimate controlling party is Shop & Office Properties Employee Benefit Trust, registered in England and Wales.