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REGISTERED NUMBER: 04913471 (England and Wales)















SE - SHIN LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






SE - SHIN LIMITED (REGISTERED NUMBER: 04913471)

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










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


SE - SHIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S Kamyab
Mrs S Keshmiri
S Kamyab
Dr S Kamyab





SECRETARY: S Kamyab





REGISTERED OFFICE: 46 High Street Colliers Wood
London
SW19 2B





REGISTERED NUMBER: 04913471 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

SE - SHIN LIMITED (REGISTERED NUMBER: 04913471)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,991 6,122
Investment property 5 6,139,750 4,700,000
6,144,741 4,706,122

CURRENT ASSETS
Cash at bank 32,922 10,990

CREDITORS
Amounts falling due within one year 3,160,622 1,856,265
NET CURRENT LIABILITIES (3,127,700 ) (1,845,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,017,041

2,860,847

CREDITORS
Amounts falling due after more than one
year

6

(493,173

)

(578,221

)

PROVISIONS FOR LIABILITIES (619,238 ) (569,520 )
NET ASSETS 1,904,630 1,713,106

CAPITAL AND RESERVES
Called up share capital 8 4 4
Revaluation reserve 9 989,788 989,788
Retained earnings 914,838 723,314
SHAREHOLDERS' FUNDS 1,904,630 1,713,106

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.

SE - SHIN LIMITED (REGISTERED NUMBER: 04913471)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 September 2024 and were signed on its behalf by:





S Kamyab - Director


SE - SHIN LIMITED (REGISTERED NUMBER: 04913471)

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


1. STATUTORY INFORMATION

Se - Shin 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

SE - SHIN LIMITED (REGISTERED NUMBER: 04913471)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SE - SHIN LIMITED (REGISTERED NUMBER: 04913471)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 25,799
Additions 399
At 30 September 2023 26,198
DEPRECIATION
At 1 October 2022 19,677
Charge for year 1,530
At 30 September 2023 21,207
NET BOOK VALUE
At 30 September 2023 4,991
At 30 September 2022 6,122

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 4,700,000
Additions 1,239,750
Revaluations 200,000
At 30 September 2023 6,139,750
NET BOOK VALUE
At 30 September 2023 6,139,750
At 30 September 2022 4,700,000

The directors are of the opinion that the fair value of the of the investment properties as at the 30th September 2023 was £6,139,750 (2022 : £4,700,000). The net book value of properties as on 30th September 2023 is £2,628,040

The gain on the revaluation has been shown on the profit & loss account as per FRS102 1A prescribed treatment.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 340,767 440,879

SE - SHIN LIMITED (REGISTERED NUMBER: 04913471)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 533,833 614,592

Loans are secured by a first legal charge on properties held by the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 989,788