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REGISTERED NUMBER: 06645308 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SHADY HALL FARM LETTINGS LIMITED

SHADY HALL FARM LETTINGS LIMITED (REGISTERED NUMBER: 06645308)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHADY HALL FARM LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs K Awdas-Poyser
Mr AS Poyser





REGISTERED OFFICE: Shady Hall Farm
Ford Road
Marsh Lane
Sheffield
South Yorkshire
S21 5RE





REGISTERED NUMBER: 06645308 (England and Wales)

SHADY HALL FARM LETTINGS LIMITED (REGISTERED NUMBER: 06645308)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,219 44,917
Investment property 5 1,017,360 925,000
1,055,579 969,917

CURRENT ASSETS
Debtors 6 208 285
Cash at bank 3,631 9,299
3,839 9,584
CREDITORS
Amounts falling due within one year 7 241,219 228,405
NET CURRENT LIABILITIES (237,380 ) (218,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

818,199

751,096

CREDITORS
Amounts falling due after more than one
year

8

(104,550

)

(107,150

)

PROVISIONS FOR LIABILITIES (187,793 ) (126,516 )
NET ASSETS 525,856 517,430

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Non distributable reserves 458,903 554,336
Retained earnings 65,953 (37,906 )
SHAREHOLDERS' FUNDS 525,856 517,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

SHADY HALL FARM LETTINGS LIMITED (REGISTERED NUMBER: 06645308)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr AS Poyser - Director


SHADY HALL FARM LETTINGS LIMITED (REGISTERED NUMBER: 06645308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Shady Hall Farm Lettings 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental income from property leases, all of which are classified as operating leases. Revenue from operating leases is recognised in profit or loss on a straight-line basis over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on reducing balance
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 20% on reducing balance

Investment property
Investment properties for which value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the non-distributable reserves.

Taxation
Taxation for the year 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 year 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.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

SHADY HALL FARM LETTINGS LIMITED (REGISTERED NUMBER: 06645308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 October 2022 30,126 14,700 27,853 72,679
Additions - - 3,610 3,610
At 30 September 2023 30,126 14,700 31,463 76,289
DEPRECIATION
At 1 October 2022 8,919 6,411 12,432 27,762
Charge for year 4,242 2,487 3,579 10,308
At 30 September 2023 13,161 8,898 16,011 38,070
NET BOOK VALUE
At 30 September 2023 16,965 5,802 15,452 38,219
At 30 September 2022 21,207 8,289 15,421 44,917

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 925,000
Revaluations 92,360
At 30 September 2023 1,017,360
NET BOOK VALUE
At 30 September 2023 1,017,360
At 30 September 2022 925,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 1,017,360

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 276,495 276,495

SHADY HALL FARM LETTINGS LIMITED (REGISTERED NUMBER: 06645308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. INVESTMENT PROPERTY - continued

Investment properties were revalued to fair value at 30 September 2023, based on a valuation undertaken by the directors on 30 September 2023. The method used for determining fair value was valuing against an active market.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 208 285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,600 2,600
Other creditors 238,619 225,805
241,219 228,405

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 104,550 107,150

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 100,000 100,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 107,150 109,750

The bank loan is secured by way of a fixed and floating charge over the undertaking and investment property.

10. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £165,018 (2022: £150,555) owed to Mr AS Poyser and Mrs K Awdas-Poyser, directors of the company.

At the year end, the company was owed £70,564 (2022: £70,564) from RSP Constructions Services Limited, of which Mr AS Poyser is a director and shareholder.