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REGISTERED NUMBER: 10080729 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SHORE PROJECTS INTERNATIONAL LTD

SHORE PROJECTS INTERNATIONAL LTD (REGISTERED NUMBER: 10080729)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHORE PROJECTS INTERNATIONAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr J J W Street





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10080729 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

SHORE PROJECTS INTERNATIONAL LTD (REGISTERED NUMBER: 10080729)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 5 28,550 30,095
Debtors 6 131 257
Cash at bank 6,506 11,203
35,187 41,555
CREDITORS
Amounts falling due within one year 7 6,969 9,469
NET CURRENT ASSETS 28,218 32,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,218

32,086

CREDITORS
Amounts falling due after more than one
year

8

27,474

31,711
NET ASSETS 744 375

CAPITAL AND RESERVES
Called up share capital 10 35 35
Share premium 86,867 86,867
Retained earnings (86,158 ) (86,527 )
SHAREHOLDERS' FUNDS 744 375

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHORE PROJECTS INTERNATIONAL LTD (REGISTERED NUMBER: 10080729)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





Mr J J W Street - Director


SHORE PROJECTS INTERNATIONAL LTD (REGISTERED NUMBER: 10080729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Shore Projects International 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.

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.

Turnover
Turnover represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SHORE PROJECTS INTERNATIONAL LTD (REGISTERED NUMBER: 10080729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 170
AMORTISATION
At 1 January 2023
and 31 December 2023 170
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 28,550 30,095

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 99
Tax - 158
Prepayments and accrued income 131 -
131 257

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 4,238 4,134
Trade creditors 316 15
Social security and other taxes 510 -
Pensions 39 104
Other creditors 1,256 2,216
Directors' loan accounts 610 3,000
6,969 9,469

SHORE PROJECTS INTERNATIONAL LTD (REGISTERED NUMBER: 10080729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 25,224 29,461
Directors' loan accounts 2,250 2,250
27,474 31,711

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,171 11,854

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,238 4,134

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,346 4,238

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,707 13,369

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,171 11,854

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
347,824 Ordinary shares 0.000 1 35 35