Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseThe principal activity of the company is that of a holding company.33truetruefalse 12297714 2023-04-01 2024-03-31 12297714 2022-04-01 2023-03-31 12297714 2024-03-31 12297714 2023-03-31 12297714 c:Director1 2023-04-01 2024-03-31 12297714 d:CurrentFinancialInstruments 2024-03-31 12297714 d:CurrentFinancialInstruments 2023-03-31 12297714 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12297714 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12297714 d:ShareCapital 2024-03-31 12297714 d:ShareCapital 2023-03-31 12297714 d:SharePremium 2024-03-31 12297714 d:SharePremium 2023-03-31 12297714 d:RetainedEarningsAccumulatedLosses 2024-03-31 12297714 d:RetainedEarningsAccumulatedLosses 2023-03-31 12297714 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12297714 c:OrdinaryShareClass1 2024-03-31 12297714 c:OrdinaryShareClass1 2023-03-31 12297714 c:OrdinaryShareClass2 2023-04-01 2024-03-31 12297714 c:OrdinaryShareClass2 2024-03-31 12297714 c:OrdinaryShareClass2 2023-03-31 12297714 c:FRS102 2023-04-01 2024-03-31 12297714 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12297714 c:FullAccounts 2023-04-01 2024-03-31 12297714 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12297714 6 2023-04-01 2024-03-31 12297714 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12297714










Shelley News Holdings Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Shelley News Holdings Ltd
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Shelley News Holdings Ltd for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shelley News Holdings Ltd for the year ended 31 March 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Shelley News Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 7 July 2023Our work has been undertaken solely to prepare for your approval the financial statements of Shelley News Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Shelley News Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shelley News Holdings Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Shelley News Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shelley News Holdings Ltd. You consider that Shelley News Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Shelley News Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
2 October 2024
Page 1

 
Shelley News Holdings Ltd
Registered number: 12297714

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
850,000
850,000

  
850,000
850,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1
1

Cash at bank and in hand
  
7
5

  
8
6

Creditors: amounts falling due within one year
 6 
(9,193)
(7,523)

Net current liabilities
  
 
 
(9,185)
 
 
(7,517)

Total assets less current liabilities
  
840,815
842,483

  

Net assets
  
840,815
842,483


Capital and reserves
  

Called up share capital 
 7 
50
50

Share premium account
  
424,951
424,951

Profit and loss account
  
415,814
417,482

  
840,815
842,483


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
C W Shelley
Director
Date: 2 October 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
Shelley News Holdings Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

The Company is a private company, limited by share capital, and incorporated in England and Wales. The registered office address is: St. Andrews, Farthings Hill, Horsham, West Sussex, England, RH12 1TS.
These financial statements are presented in sterling and have been rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
Shelley News Holdings Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
850,000



At 31 March 2024
850,000





5.


Debtors

2024
2023
£
£


Other debtors
1
1

1
1


Page 4

 
Shelley News Holdings Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
4,777
3,107

Accruals and deferred income
4,416
4,416

9,193
7,523



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary A shares shares of £1 each
10
10
40 (2023 - 40) Ordinary B shares shares of £1 each
40
40

50

50



Page 5