Company registration number 05404194 (England and Wales)
Shrewd Properties Limited
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Shrewd Properties Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Shrewd Properties Limited
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
-
0
114,772
Investments
3
20
20
20
114,792
Current assets
Debtors
2,025
-
0
Cash at bank and in hand
132,231
13,085
134,256
13,085
Creditors: amounts falling due within one year
(1,223)
(24,756)
Net current assets/(liabilities)
133,033
(11,671)
Net assets
133,053
103,121
Capital and reserves
Called up share capital
4
40
40
Profit and loss reserves
133,013
103,081
Total equity
133,053
103,121

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 June 2024
A Lombardi
Director
Company registration number 05404194 (England and Wales)
Shrewd Properties Limited
Notes to the financial statements
for the year ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover represents the total invoice value of rent receivable and other income derived from the provision of services falling within the company's ordinary activities. Turnover is recognised on an accruals basis.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Fixed asset investments

Interests in subsidiary is initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
Shrewd Properties Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 3 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
20
20
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20
20
20
20
B Ordinary shares of £1 each
20
20
20
20
40
40
40
40
5
Company information

Shrewd Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Harrison Road, Halifax, HX1 2AF.

2023-12-312023-01-01false18 June 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityA Lombardifalsefalse054041942023-01-012023-12-31054041942023-12-31054041942022-12-3105404194core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3105404194core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3105404194core:ShareCapital2023-12-3105404194core:ShareCapital2022-12-3105404194core:RetainedEarningsAccumulatedLosses2023-12-3105404194core:RetainedEarningsAccumulatedLosses2022-12-3105404194core:ShareCapitalOrdinaryShares2023-12-3105404194core:ShareCapitalOrdinaryShares2022-12-3105404194bus:Director12023-01-012023-12-31054041942022-01-012022-12-3105404194bus:PrivateLimitedCompanyLtd2023-01-012023-12-3105404194bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105404194bus:FRS1022023-01-012023-12-3105404194bus:AuditExemptWithAccountantsReport2023-01-012023-12-3105404194bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP