SHORE REAL ESTATE LIMITED

Company Registration Number:
10231602 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SHORE REAL ESTATE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SHORE REAL ESTATE LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Property development

Additional information

Results and dividends and directors responsibilities



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Thao Thi Thu Pham


Secretary NSM Corporate Services Limited

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 August 2024

And signed on behalf of the board by:
Name: Thao Thi Thu Pham
Status: Director

SHORE REAL ESTATE LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 18 months to 31 December 2022


£

£
Turnover: 762,500 190,000
Cost of sales: ( 477,721 ) ( 176,707 )
Gross profit(or loss): 284,779 13,293
Administrative expenses: ( 102,373 ) ( 36,414 )
Other operating income: 11,886 0
Operating profit(or loss): 194,292 (23,121)
Interest receivable and similar income: 101
Interest payable and similar charges: ( 211,201 ) ( 194,367 )
Profit(or loss) before tax: (16,808) (217,488)
Tax: 1,703
Profit(or loss) for the financial year: (16,808) (215,785)

SHORE REAL ESTATE LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 18 months to 31 December 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,225 1,715
Total fixed assets: 1,225 1,715
Current assets
Debtors: 4 45,606 11,067
Cash at bank and in hand: 68,464 123,466
Investments: 5 4,957,724 2,693,768
Total current assets: 5,071,794 2,828,301
Creditors: amounts falling due within one year: 6 ( 2,225 ) ( 3,000 )
Net current assets (liabilities): 5,069,569 2,825,301
Total assets less current liabilities: 5,070,794 2,827,016
Creditors: amounts falling due after more than one year: 7 ( 4,420,889 ) ( 2,160,303 )
Total net assets (liabilities): 649,905 666,713
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 649,805 666,613
Total Shareholders' funds: 649,905 666,713

The notes form part of these financial statements

SHORE REAL ESTATE LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 9 August 2024
and signed on behalf of the board by:

Name: Thao Thi Thu Pham
Status: Director

The notes form part of these financial statements

SHORE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the sale of properties, excluding VAT and legal costs, attributable to the Company's principal activity. It is measured at fair value of the consideration received and receivable. It is recognised when legal title has passed.

    Tangible fixed assets depreciation policy

    All tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Office equipment: 20% straight line Computer equipment: 20% straight line At each reporting date, the Company assesses whether there is any indication that an asset may be impaired. If such an indication exists, the recoverable amount of the asset is estimated. Where the recoverable amount of an asset is less than the carrying amount an impairment loss is recognised in order to reduce the carrying amount of the asset to its recoverable amount.

    Other accounting policies

    Land and properties under the course of development - comprises of the cost of acquisition of the land and property together with all building costs to date. No depreciation is provided theron. The shareholder loan interest - has no fixed repayment terms and is represented in creditors due for more than one year. Cashflow - The Company is a small reporting entity and is therefore exempt from the requirement to include a cash flow statement under FRS102, Section 1A. Related Party Disclosure - The director is unaware of any related party transactions other than those already disclosed in the financial statements. Going Concern - The director has agreed not to recall the director-shareholder loan advanced to the Company until all other creditors have been met. The Director considers the Company has adequate resources to meet its liabilities as they fall due and to continue in operational existence for the foreseeable future. Accordingly these financial statements have been prepared on a going concern basis.

SHORE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 18 months to 31 December 2022
    Average number of employees during the period 1 1

SHORE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 8,377 8,377
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 8,377 8,377
Depreciation
At 1 January 2023 6,662 6,662
Charge for year 490 490
On disposals
Other adjustments
At 31 December 2023 7,152 7,152
Net book value
At 31 December 2023 1,225 1,225
At 31 December 2022 1,715 1,715

SHORE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 18 months to 31 December 2022
£ £
Other debtors 45,606 11,067
Total 45,606 11,067

SHORE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Current assets investments note

Land and properties under the course of development - comprises of the cost of acquisition of the land and property together with all building costs to date. No depreciation is provided theron.

SHORE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 18 months to 31 December 2022
£ £
Accruals and deferred income 2,225 3,000
Total 2,225 3,000

SHORE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 18 months to 31 December 2022
£ £
Other creditors 4,420,889 2,160,303
Total 4,420,889 2,160,303