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REGISTERED NUMBER: 12694590 (England and Wales)
















SHELF PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024






SHELF PROPERTIES LIMITED (REGISTERED NUMBER: 12694590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHELF PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024







DIRECTORS: M C Pogson
K E Pogson
C Pogson





REGISTERED OFFICE: 7 Green Hall Park
Shelf
Halifax
West Yorkshire
HX3 7PZ





REGISTERED NUMBER: 12694590 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

SHELF PROPERTIES LIMITED (REGISTERED NUMBER: 12694590)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 196,899 196,899

CURRENT ASSETS
Debtors 5 1,213 1,398
Cash at bank and in hand 60,256 62,656
61,469 64,054
CREDITORS
Amounts falling due within one year 6 111,813 107,248
NET CURRENT LIABILITIES (50,344 ) (43,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,555

153,705

CREDITORS
Amounts falling due after more than one
year

7

48,829

88,313
NET ASSETS 97,726 65,392

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 97,576 65,242
SHAREHOLDERS' FUNDS 97,726 65,392

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

SHELF PROPERTIES LIMITED (REGISTERED NUMBER: 12694590)

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 15 August 2024 and were signed on its behalf by:





M C Pogson - Director


SHELF PROPERTIES LIMITED (REGISTERED NUMBER: 12694590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Shelf 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound (£).

Turnover
Turnover represents rental income and service charges receivable from property, net of VAT.

Investment property
Investment property is shown at its original cost, which in the directors opinion is not significantly different to its fair value.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the
contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial
assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include
cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal
commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at
transaction price less impairment (if any) due to concerns over recoverability.

Taxation
Taxation for the period 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 period 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.

SHELF PROPERTIES LIMITED (REGISTERED NUMBER: 12694590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023
and 31 March 2024 196,899
NET BOOK VALUE
At 31 March 2024 196,899
At 30 June 2023 196,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 1,213 1,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 34,864 30,564
Taxation and social security 10,292 10,057
Other creditors 66,657 66,627
111,813 107,248

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 1,829 41,313
Other creditors 47,000 47,000
48,829 88,313

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 36,693 71,877

National Westminster Bank PLC has a fixed charge over the property at 2 Beech Avenue, Dalton, Huddersfield, HD5 8DZ, together with a fixed and floating charge over all the property or undertaking of the company.