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REGISTERED NUMBER: 14706768 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6 MARCH 2023 TO 31 MARCH 2024

FOR

MA & PA SHELLEY LIMITED

MA & PA SHELLEY LIMITED (REGISTERED NUMBER: 14706768)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 MARCH 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MA & PA SHELLEY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6 MARCH 2023 TO 31 MARCH 2024







DIRECTORS: P A Shelley
Mrs M Shelley





REGISTERED OFFICE: 13 Unsliven Road
Stocksbridge
Sheffield
S36 1FT





REGISTERED NUMBER: 14706768 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

MA & PA SHELLEY LIMITED (REGISTERED NUMBER: 14706768)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investment property 4 140,000

CURRENT ASSETS
Cash at bank 1,551

CREDITORS
Amounts falling due within one year 5 140,744
NET CURRENT LIABILITIES (139,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

807

PROVISIONS FOR LIABILITIES 305
NET ASSETS 502

CAPITAL AND RESERVES
Called up share capital 2
Fair value reserve 6 1,301
Retained earnings (801 )
502

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.

MA & PA SHELLEY LIMITED (REGISTERED NUMBER: 14706768)

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 21 September 2024 and were signed on its behalf by:





P A Shelley - Director


MA & PA SHELLEY LIMITED (REGISTERED NUMBER: 14706768)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

MA & PA SHELLEY LIMITED (REGISTERED NUMBER: 14706768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 MARCH 2023 TO 31 MARCH 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 138,394
Revaluations 1,606
At 31 March 2024 140,000
NET BOOK VALUE
At 31 March 2024 140,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,606
Cost 138,394
140,000

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

£   
Cost 138,394

Investment property was valued on an open market basis on 31 March 2024 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 140,744

6. RESERVES
Fair
value
reserve
£   
Revaluation Movement 1,301

At 31 March 2024 1,301

7. ULTIMATE CONTROLLING PARTY

The controlling party is P A Shelley.