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REGISTERED NUMBER: 07964086 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SHEDDEN ASSOCIATES LIMITED

SHEDDEN ASSOCIATES LIMITED (REGISTERED NUMBER: 07964086)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHEDDEN ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr P R Shedden





REGISTERED OFFICE: Office 3
Romney Marsh Business Hub
Mountfield Road
New Romney
Kent
TN28 8LH





REGISTERED NUMBER: 07964086 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

SHEDDEN ASSOCIATES LIMITED (REGISTERED NUMBER: 07964086)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 83 1,333

CURRENT ASSETS
Debtors 5 112,574 250,432
Cash at bank 1,631,421 1,714,860
1,743,995 1,965,292
CREDITORS
Amounts falling due within one year 6 31,646 2,434
NET CURRENT ASSETS 1,712,349 1,962,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,712,432

1,964,191

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,712,332 1,964,091
SHAREHOLDERS' FUNDS 1,712,432 1,964,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 director and authorised for issue on 11 September 2024 and were signed by:




Mr P R Shedden - Director


SHEDDEN ASSOCIATES LIMITED (REGISTERED NUMBER: 07964086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Shedden Associates 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2023 1,333
Disposals (1,240 )
Impairments (10 )
At 30 June 2024 83
NET BOOK VALUE
At 30 June 2024 83
At 30 June 2023 1,333

SHEDDEN ASSOCIATES LIMITED (REGISTERED NUMBER: 07964086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. FIXED ASSET INVESTMENTS - continued

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

Subsidiary

POD Architects Limited
Registered office: 4 Kings Row, Armstrong Road, Maidstone, Kent, ME15 6AQ
Nature of business: Architectural consultancy
%
Class of shares: holding
Ordinary A and Ordinary D 5.30
2024 2023
£ £
Aggregate capital and reserves 26,988 117,974
(Loss)/profit for the year (90,986 ) 541,329

Associated company

Scoop La Rocca Limited
Registered office: 128 Buckingham Palace Road, London, SW1W 9SA
Nature of business: Property development
%
Class of shares: holding
Ordinary 25.00
31.3.23 31.3.22
£ £
Aggregate capital and reserves (15,828 ) (14,280 )
Loss for the year (1,528 ) (1,425 )

On 3rd July 2022 the company sold a 40% holding in its subsidiary POD Architects Limited (POD), split equally between Jonathan Bethel Design Limited and Shedden Investments Limited, for consideration of £500,000. On 3 July 2024 the company sold a further 55% holding in POD to Shedden Investments Limited for £244 per share, being consideration totalling £40,016.

As at the balance sheet date the company's remaining shareholding in POD was 5.33%, being 11 Ordinary A shares and 5 ordinary D shares, with a book value of £83. Based upon the recent sale to Shedden Investments Limited, the director considers the remaining shares to have a market value of £244 per share, being £3,904.

The company's investment in Scoop La Rocca Limited, is considered to be irrecoverable and has been written down to zero.

SHEDDEN ASSOCIATES LIMITED (REGISTERED NUMBER: 07964086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by associates - 50,000
Jonathan Bethel Design Ltd - 192,708
POD Architects Limited - 2,363
Consideration POD shares 40,016 -
Directors' current accounts 59,773 -
Prepayments and accrued income 12,785 5,361
112,574 250,432

The amount owed by associates of £Nil (2023: £50,000) was a balance due from Scoop La Rocca Limited, a company in which Shedden Associates Limited hold a 25% shareholding. The amount is considered to be irrecoverable and has been written off during the year.

On 3rd July 2022 the company sold a 20% holding in its subsidiary POD Architects Limited to Jonathan Bethel Design Limited for deferred consideration of £250,000, which was payable by 48 equal monthly installments, ending 31st August 2026. As at the start of this accounting period 37 payments remained, totalling £192,708. Because of economic factors impacting the ongoing business of POD Architects Limited, the original consideration as been renegotiated and the balance of £192,708 written off.

On 3 July 2024 the company sold 164 Ordinary a shares in POD Architects Limited to Shedden Investments Limited for £244 per share, being consideration totalling £40,016. The consideration is payable within six-months of the transaction date.

The accrued income of £12,875 (2022: £5,361) relates to accrued interest on money market deposits. which subsequent to the period end has been received.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 12,631 2,418
Directors' current accounts - 16
Accrued expenses 19,015 -
31,646 2,434

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
650 Ordinary A 10 pence 65 65
327 Ordinary B 10 pence 33 33
12 Ordinary C 10 pence 1 1
12 Ordinary D 10 pence 1 1
100 100

SHEDDEN ASSOCIATES LIMITED (REGISTERED NUMBER: 07964086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P R Shedden.