IRIS Accounts Production v24.1.9.2 07705812 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077058122022-11-30077058122023-11-30077058122022-12-012023-11-30077058122021-11-30077058122021-12-012022-11-30077058122022-11-3007705812ns15:EnglandWales2022-12-012023-11-3007705812ns14:PoundSterling2022-12-012023-11-3007705812ns10:Director12022-12-012023-11-3007705812ns10:Director22022-12-012023-11-3007705812ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007705812ns10:SmallEntities2022-12-012023-11-3007705812ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007705812ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007705812ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007705812ns10:FullAccounts2022-12-012023-11-3007705812ns10:OrdinaryShareClass12022-12-012023-11-3007705812ns10:RegisteredOffice2022-12-012023-11-3007705812ns5:CurrentFinancialInstruments2023-11-3007705812ns5:CurrentFinancialInstruments2022-11-3007705812ns5:Non-currentFinancialInstruments2023-11-3007705812ns5:Non-currentFinancialInstruments2022-11-3007705812ns5:ShareCapital2023-11-3007705812ns5:ShareCapital2022-11-3007705812ns5:FurtherSpecificReserve1ComponentTotalEquity2023-11-3007705812ns5:FurtherSpecificReserve1ComponentTotalEquity2022-11-3007705812ns5:RetainedEarningsAccumulatedLosses2023-11-3007705812ns5:RetainedEarningsAccumulatedLosses2022-11-3007705812ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007705812ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007705812ns5:DeferredTaxation2022-11-3007705812ns5:DeferredTaxation2023-11-3007705812ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 07705812 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SHEPRETH DEVELOPMENT LTD

SHEPRETH DEVELOPMENT LTD (REGISTERED NUMBER: 07705812)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEPRETH DEVELOPMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: B Milborn
R H Greenwood





REGISTERED OFFICE: Cambridge House Rideaway
Hemmingford Abbots
Huntingdon
Cambridgeshire
PE28 9HQ





REGISTERED NUMBER: 07705812 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

SHEPRETH DEVELOPMENT LTD (REGISTERED NUMBER: 07705812)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 5 500,000 500,000

CURRENT ASSETS
Debtors 6 - 3,070
Cash at bank 36,941 39,171
36,941 42,241
CREDITORS
Amounts falling due within one year 7 (18,736 ) (399,257 )
NET CURRENT ASSETS/(LIABILITIES) 18,205 (357,016 )
TOTAL ASSETS LESS CURRENT LIABILITIES 518,205 142,984

CREDITORS
Amounts falling due after more than one
year

8

(7,499

)

(7,501

)

PROVISIONS FOR LIABILITIES 9 (5,934 ) (5,934 )
NET ASSETS 504,772 129,549

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 69,066 69,066
Retained earnings 435,704 60,481
SHAREHOLDERS' FUNDS 504,772 129,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SHEPRETH DEVELOPMENT LTD (REGISTERED NUMBER: 07705812)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




R H Greenwood - Director



B Milborn - Director


SHEPRETH DEVELOPMENT LTD (REGISTERED NUMBER: 07705812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Shepreth Development Ltd 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts invoiced in relation to commercial property letting excluding value added tax. Where the right to consideration has not been earnt at the balance sheet date income is deferred and recognised as part of deferred income within other creditors.

Investment property
Investment property is stated at fair value with any changes in fair value recognised in the profit and loss account. The net gain or deficit is subsequently reflected under a separate fair value reserve within equity.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 material 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.

SHEPRETH DEVELOPMENT LTD (REGISTERED NUMBER: 07705812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 500,000
NET BOOK VALUE
At 30 November 2023 500,000
At 30 November 2022 500,000

The directors' have considered the valuation of investment property at the balance sheet date and determine that the fair value is not materially different to the carrying value.

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2017 500,000

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

2023 2022
£    £   
Cost 425,000 425,000

Investment property was valued on a fair value basis on 26 July 2018 by Carter Jonas .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 225
Other debtors - 2,845
- 3,070

SHEPRETH DEVELOPMENT LTD (REGISTERED NUMBER: 07705812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 583
Taxation and social security 2,000 2,000
Other creditors 16,736 396,674
18,736 399,257

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 7,499 7,501

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,934 5,934

Deferred
tax
£   
Balance at 1 December 2022 5,934
Balance at 30 November 2023 5,934

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. RELATED PARTY DISCLOSURES

Shown within other creditors due in more year are loans due to the directors amounting to £10,271 (2022:£10,271).These amounts are repayable on demand and interest free.

During the year under review the company the company was released from a loan amounting to £382,232 (2022: nil) by a company under common control. The balance has been released to the profit and loss account.